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
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
- They are not reporting their income, but AAR apparently
- Yes, this is a scam.
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