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 feels like a nothing burger. It either won’t affect them or the government will bail them out.
Replying to @IEatDaFeesh@lemmy.world
With the amount of money being spent on AI 20 Billion is a drop in the ocean.
Replying to @digdig@lemmy.world
However, if you are talking about revenues, 20 billion is suddenly a significant amount. Funny that
Replying to @IEatDaFeesh@lemmy.world
Financial Times smells blood in the water. They’ve been reporting on leaked OpenAI documents for a bit the last few weeks.
If the major financial outlets start reporting on the negative, there may be a sentiment shift that does actually destroy the companies propped up by hype rather than fundamentals.