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-failureposted 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-failureReplying to @eicker@lemmy.world
OpenAI promised investors an AI gold rush. Now its projected annual revenue is reportedly $20 billion below earlier expectations. That’s not a rounding error: that’s an entire business empire missing from the spreadsheet. Silicon Valley keeps calling it a revolution, but increasingly it looks like a trillion dollar game of musical chairs, with investors hoping the music never stops.
Replying to @eicker@lemmy.world
Maybe he could sleep in the factory for a few weekends? P
Replying to @Zwuzelmaus@feddit.org
Quit ordering the avocado toast.
Replying to @SeeMarkFly@lemmy.ml
I always think it’s funny how millennials got shit for avocado toast, yet it was my boomer parents who introduced it to me.
Replying to @IrateAnteater@sh.itjust.works
when I was a boy (GenX), avocados were so cheap, they almost gave them away
my mom complained one time when they were 25c
one of my friends that grew up in California had a tree in his back yard and he never purchased one until he moved to Washington State in his 20s
The fact that it became a target for attacking millennials is so crazy. That people took it seriously for a bit is laughable. To this day my wife and I make jokes that it costs a new mortgage to have one.
Replying to @thisbenzingring@lemmy.today
My brother worked at an avocado packing plant and he would bring me a BOX of ripe avocados that were too ripe to send to market.
We had to eat those NOW. All the FREE avocados I can eat. Good times.
Replying to @thisbenzingring@lemmy.today
We had an avocado tree in the backyard growing up. It was so large that it hung quite a ways over the roof, which had terracotta shingles.
If we didn’t pull the ripe avocados off the tree it would sound like a small bomb going off every time one dropped and hit the roof, which usually happened early in the morning for some reason.
I am also Generation X.
I come from Australia.
Australia went from being a really easy country to live in where everything was just super cheap, to being one of the most expensive countries in the world where real estate is just out of reach for anyone, and particularly the young people.
That avocado meme came from an Australian politician who tried to shame young people and tell them that if they would just stop eating their smashed avo breakfast that they could afford a mortgage.
This is maybe 10 or 15 years ago. I can’t remember exactly.
This was the time when the shift went from Australia being relatively cheap to becoming crazy expensive, and it was quite insightful of him to do that, but also an asshole move to try and shame the young people.
Somehow it has gained traction and become a worldwide thing, but that is the history of it.
Some asshole politician telling young people if they would just stop having a little bit of nice time for themselves every now and then they could afford a mortgage, which was absolutely rubbish. Not true at all, and it’s gotten even worse since.
Replying to @IrateAnteater@sh.itjust.works
the origin of the meme, was also from a rich milleneal too that was already a millionaire, not the plebs.
Replying to @Zwuzelmaus@feddit.org
they've really gotta stop offering avocado toast at the company cafeteria. That'll make up the difference.
Replying to @rem26_art@fedia.io
That’ll make up the difference.
Now that you bring this up…
Yes, I think you could have found the solution, indeed. Quick, tell them! The world is saved!!
Replying to @Zwuzelmaus@feddit.org
one of his soon to be defunct datacenters.
Replying to @eicker@lemmy.world
Why do you sound like the House of El?
Replying to @schipelblorp@sh.itjust.works
It’s an LLM adbot, or, at best, someone having LLM craft all of their comments and posts.
The accounts profile heavily advertises services for LLM adbots covertly advertising to people using social media.
Replying to @Blackfeathr@lemmy.world
Search is garbage now, but I’d bet even money he is lifting text directly from House of El–or they have a common source.
Replying to @schipelblorp@sh.itjust.works
I’ve felt for a while that House of El uses LLMs heavily in their scripts. It’s a pandemic on YouTube feels like.
So yeah, the common source is likely clanker speak.
Replying to @eicker@lemmy.world
Who could have known this would happen?
Replying to @eicker@lemmy.world
And even the fifty billions may be inflated, as it is “annualized” revenue which can mean “we took a period of peak usage and generalized it to a year”
Replying to @Zos_Kia@jlai.lu
Didn’t Anthropic calculate it based on the best day and multiplying by 365?
Replying to @ThirdConsul@lemmy.zip
If I reported my income this way it would be fraud (and I would also “make” over 200k).
Replying to @Catoblepas@lemmy.blahaj.zone
Replying to @ThirdConsul@lemmy.zip
I didn’t wanna claim it when I wasn’t sure of the source but yeah that’s what I remember too
Replying to @eicker@lemmy.world
I mean, it’s not a rounding error, but going from 4.5 billion to 80 billion is not shabby either
Replying to @eicker@lemmy.world
Same thing just happened with Anthropics numbers. Billions short of their stated numbers.
Replying to @eicker@lemmy.world
Its a trillion dollar game of musical chairs with roughly 8.3 billion people playing and only a few thousand chairs.
Replying to @shads@leminal.space
That’s just life you’re describing. Life in capitalism, that is.
Replying to @some_designer_dude@lemmy.world
You gotta admit though the tempo of the music is getting pretty fast these days.
Replying to @shads@leminal.space
Miiiighty fast. And if you aren’t born with your name on one of the chairs, you’re not even in the game.
Replying to @shads@leminal.space
Nah, far from everyone wants to be a trillionaire, nor a billionaire. Sure most would want financial independence, but not a lot more than that
Replying to @BlaestEgnen@feddit.dk
Ahh but you are falling into a common fallacy, you probably think that because there is enough money to go around everyone should have a enough to meet their needs, then the excess can be an incentive for people who make outsized contributions to society, like a not sociopathic member of the human race.
The bloodsucking leech class view the existence of other people with needs as a personal insult. They feel every cent of money should be theirs personally, or as a barely acceptable compromise maybe shared around an “elite” class.
If Bezos for instance could have all the money and just issue Amazon Bucks™ based on how useful you are to him he would love that.
Honestly the reason we know Elon isn’t a real gamer is that he doesn’t have a bunch of four “agents” in trenchcoats with neuralinks and miniguns running around cities as he directs them to from an airship overhead. Otherwise that game would be as close to a masturbatory fantasy as someone who can’t get hard after all the Special K would get.
Replying to @eicker@lemmy.world
It’s just revenue, not profit. Don’t worry.
Replying to @eicker@lemmy.world
This account reeks of clanker. Are people just okay with that or am I missing something?
Replying to @softwarist@programming.dev
Don’t have the energy to look into the account itself, but this comment does have that “it’s not just x it’s y” stank. It’s everywhere nowadays, it’s fucking exhausting.
In blog posts, in news articles, YouTube videos and now in fucking lemmy comments. Disgusting.
Replying to @eicker@lemmy.world
Sigh. This comment reeks of AI slop