▲ 936 ▼ AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com) submitted 3 days ago by eicker@lemmy.world to c/technology@lemmy.world 369 comments fedilink hide all child comments
[–] EmilieEasie@fedinsfw.app 2 points 2 days ago (3 children) until they run out of money permalink fedilink source parent hideshow 3 child comments replies: [–] BlaestEgnen@feddit.dk 2 points 2 days ago (1 child) When the investors are Microsoft, Google, Meta and Amazon. Then they have some deep pockets permalink fedilink source parent hideshow 1 child comment replies: [–] EmilieEasie@fedinsfw.app 2 points 2 days ago True, very deep, and for a while they had nothing to really spend on, which is why, say it with me! Markets can remain irrational longer than you can stay solvent But it's still not infinite permalink fedilink source parent [–] HerbGrower@slrpnk.net 1 point 2 days ago Not if more investors keep throwing more money at it. It only stops when investors are no longer willing to fund continued expenses and they are unable to fund it themselves. At which point if they are spending a lot more than they are earning which appears to be the case currently, they would have to increase income and/or decrease expenses. So expect more and more push to become profitable as investor money becomes harder to find. permalink fedilink source parent
[–] BlaestEgnen@feddit.dk 2 points 2 days ago (1 child) When the investors are Microsoft, Google, Meta and Amazon. Then they have some deep pockets permalink fedilink source parent hideshow 1 child comment replies: [–] EmilieEasie@fedinsfw.app 2 points 2 days ago True, very deep, and for a while they had nothing to really spend on, which is why, say it with me! Markets can remain irrational longer than you can stay solvent But it's still not infinite permalink fedilink source parent
[–] EmilieEasie@fedinsfw.app 2 points 2 days ago True, very deep, and for a while they had nothing to really spend on, which is why, say it with me! Markets can remain irrational longer than you can stay solvent But it's still not infinite permalink fedilink source parent
[–] HerbGrower@slrpnk.net 1 point 2 days ago Not if more investors keep throwing more money at it. It only stops when investors are no longer willing to fund continued expenses and they are unable to fund it themselves. At which point if they are spending a lot more than they are earning which appears to be the case currently, they would have to increase income and/or decrease expenses. So expect more and more push to become profitable as investor money becomes harder to find. permalink fedilink source parent