posted in Technology
AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.
futurism.com/future-society/ai-financial-bubble-openai-billions-failure
Replying to @eicker@lemmy.world
How long has AI been “teetering on the brink“?
Replying to @charokol@lemmy.zip
Most of the historical boondoggles took about 5 years to work their way out. We are on year 3. If that’s any guide, we got a whole lot more electric boogaloo left to play.
Replying to @cantstopthesignal@sh.itjust.works
Most boondoggles don’t burn trillions of dollars. AI is starting to hit a wall already because there just isn’t any more money. It’s why there’s this desperate push to go public even though their financials are a dumpster fire.
Replying to @zurohki@aussie.zone
“We must keep building stone heads!” Easter Island civilization
“We must keep building datacenters!” Epstein Island civilization