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OpenAI might torch $14 billion in 2026, hitting bankruptcy by next year (www.windowscentral.com)
submitted 9 months ago by to c/technology@beehaw.org
14 comments fedilink hide all child comments
 

I've been an AI realist from the start. What can the models actually do? What are the limitations? Ultimately, I think there is a place in the market for them - for people who understand the limitations of them and know when they're spewing BS.

I am not shocked at all that OpenAI (and Microsoft being one of it's largest shareholders) is burning cash and suddenly is realizing it may not be able to make good on it's promises. AI reality vs AI hype. Us actual tech people have known since the beginning this was all hype, now finance people are starting to notice (about time).

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[–] 34 points 9 months ago (1 child)

The world of finance is now primarily just pump-and-dump schemes.

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    • [–] 17 points 9 months ago (3 children)

    Finance people are honestly so willfully stupid and blinded by their beliefs about economics, the writing has been on the wall for awhile now for AI.

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  • [–] 11 points 9 months ago

    Its a pretty willfully nefarious game of hot potato and they are very willing to keep it going as long as possible.

    Then we get "too big to fail" so they can be bailed out with social funds instead of going down in flames for gambling.

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  • [–] 8 points 9 months ago*

    b-b-bbut, but it's not a bubble! It's just four megacorps cycling money around between them while they tell everyone the profits will happen any day now! Just as soon as those dumb users start paying for a product we're giving away for free right now... yea, it's all those dumb users' faults! If they would pay dollars for every question, we'd already be in the black! If everyone would just keep giving us money with no tangible returns, we'd already be in the black! Ugh, it's everyone else's fault!

    (ok kinda' screwed that up being from a finance bro's perspective but the sentiment is similar...)

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    • [–] 15 points 9 months ago

    "How did you go bankrupt?" - "Two ways, gradually and then suddenly."

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    [+] 11 points 9 months ago (2 children)
    [deleted]
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  • [–] [S] 5 points 9 months ago (1 child)

    You can have any colour you like, as long as it's black.

    but we don't even want it to begin with

    Yes, that's why you want the black one.

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  • [–] 1 point 9 months ago

    I'd argue even that's better than what we're getting now. If you're looking for a car and they're all in the most popular colour by default, then A. There's a good chance you're happy with it; B. You can change it later; but most importantly C. you already want a car. You've already bought into the product and are just quibbling about colour. This is seeing all the streetcars in LA being torn up, and a GM salesman is enthusiastically explaining how to get a driving license because it's what everyone's doing now they've ensured there is no choice.

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    • [–] 5 points 9 months ago

    Don't tease us with hope.

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    [–] 4 points 9 months ago

    Why wait next year?

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    [–] 3 points 9 months ago* (last edited 9 months ago)

    I am currently at the BETT conference in London, about technology in education. Absolutely everything is AI this year. Never before have i seen such hype around a single technology. It feels oddly fake and manufactured, and it is also just utterly boring to showcase. Most of the exhibitor stands this year are just tables with a laptop with a prompt screen open.

    I hate it.

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    [–] 2 points 9 months ago

    There is basically no chance they are going bankrupt.

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