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
This article conveniently ignores the fact that Anthropic is reporting a second profitable quarter to investors.
Replying to @urushitan@kakera.kintsugi.moe
I suspect we won’t know their real state of finances until they go public and are held to a higher standard for their accounting practices: wheresyoured.at/anthropics-profitability-swindle/
Replying to @zbyte64@awful.systems
Agreed, and I didn’t specify that they are legit making a realized profit, purely that’s what they’re reporting to investors.