AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

WeWork was declared a failure when it lost 6 billion in a year. OpenAI is net negative 17 billion a year…

There is quite a difference from an investor standpoint in a product that replaces all human labor vs coworking space.

I still have yet to see it adequately replace any human labor

I don’t use it but my wife uses it for spreadsheet equations. She has to verifiy and test every answer but then so would anything written by an intern.

So yeah, AI is killing jobs, not in an individual sense, but in aggregate like spreadsheet software did 50 years ago when before that all work was done by hand.

That’s just making one person do the job of more than one. I call bs.

That’s just making one person do the job of more than one.

Capitalism has been doing that long before LLM’S.

That’s just making one person do the job of more than one.

How do you call bs on one person doing the work that used to take two? It was one person and an intern.

Every company had a secretary pool 60 years ago before word processors allowed people to type by themselves without an extra support person.

People could have always learned to type, that part didn’t change much with the switch to computers. I think they just liked having secretaries around back in the day and were willing to pay for it.

Typing quickly on a mechanical typewriter is a skill not easily mastered. It’s not just the typing, it is the extreme accuracy needed. There’s no backspace and no cut and paste. A letter covered in white out isn’t acceptable.