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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 to c/technology@lemmy.world
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[–] 5 points 1 month ago (3 children)

They're playing all kinds of games with the numbers right now. They're trying to IPO so hiding costs under other headings outside the core business. Don't trust what they openly state. It's far worse.

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  • [–] 0 points 1 month ago (2 children)

    Maybe but you have to work with the data you have, not the data you want to see.

    Imagining that the enemy is on the brink of collapse isn't a good mind set when you are fighting something. It encourages laziness.

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  • [–] 1 point 1 month ago (1 child)

    The data is there, but it's not in what those companies say. It's in the books of the companies they have relationships with.

    I do agree with your second statement though.

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  • [–] 1 point 4 weeks ago

    The data is there, but it’s not in what those companies say.

    You can't argue from the premise of conspiracy. Are they exaggerating? Maybe? But you absolutely cannot state with confidence that you know a huge secret hidden from all Wall Street analysts.

    $20B loss on $50B revenue are the numbers that Wall Street thinks is correct. That's the data you have to go off of without unsupported conspiracies.

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