this post was submitted on 09 Oct 2026

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

submitted 1 month ago by eicker@lemmy.world to c/technology@lemmy.world

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[–] KaiFeng@lemmy.world 6 points 1 month ago (3 children)

That... Doesn't make sense does it? Like apart from fraud what's the point of doing it like that?

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[–] CrimeIsLegalNow@ani.social 5 points 1 month ago (1 child)

Oh, it's absolutely a fraud meant to deceive investors.

Just not legally speaking.

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[–] redballooon@lemmy.world 1 point 1 month ago*

But the $70b number was published by an investor, and OpenAIs crime was to not disagree publicly. Makes me wonder who is frauding whom.

I won't pretend to understand this news.

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[–] phutatorius@lemmy.zip 1 point 1 month ago

They need to pull a big number from where the sun don't shine.

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