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-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
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.