Nope, it's a 110 billion IOU...there is no money being passed around. That's why when this pops. It's gonna be grizzly.

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$110b pumped into a company that's literally never made a cent.

the hype is the business. scams can be business models.

How much more will DoD pump into it now?

They’ll have you subscribe to their RAM and storage.

Exactly. Nobody asked for AI.

What we ask for is cheap storage and RAM.

They are taking away something we want, and replacing it with something we don't want.

Naaaa you think you deserve that but in reality you don't need that. You'll soon see how their products and tools make ram and storage redundant for you. I'm sure

The tools we deserve/need are cheap. A few pieces of wood and an angled blade.

Letting the South live after the civil war.

I think this is just negging.

They want to destroy society, and build a new one in its place. Preferably one, that comes without this pesky feature called "empathy".

It sucks too, because the power for pattern recognition and identification behind Machine Learning is incredible, and if we were being more responsible with it, we could be using it only for truly valuable purposes like early cancer detection, assistant tools, proofreading etc, instead of training it to plagiarise other people's work and kill people somewhere.

Look, it's simple. In capitalism it works like this:

Money = more money

Society = money

You = society

More society = more money

Society = more money

Thank you for your attention to this matter.

and that's just the teeny-tiny tip of the economic circle jerk that's going on.

they are peddling to india apparently, where modi is giving them a free place to build, because the states is showing some resistance.

This. Softbank are probably the only ones providing actual cash of $30bn to pay employees.

"AWS to provide OpenAI with Amazon EC2 UltraServers, featuring hundreds of thousands of chips, and the ability to scale to tens of millions of CPUs for its advanced generative AI workloads"

Nivida's investment is measured in GW so that tells you all you need to know.

For that matter, how much does it cost to start a RAM manufacturer?

Their current business model depends on keeping the AI hype going on, so from their perspective it is a good investment.

Don't be so hard on yourself. Have you heard Altman talk about anything? It'll make most conscious people feel less bad about themselves.

The price wizard has spoken

For the uninitiated

Until they decide to sell it again and the next customer gets what you returned instead of what they ordered

I like you. You have a great mind.

That's the goal, once you can't outright afford the hardware what do you think happens?

Subscriptions of course, much like the phone "contracts" of today, now you can rent a PC, or better yet subscribe to a cloud instance of a PC.

You'd still need to subscribe to the LLM of course, but that'd be easier if it was bundled with your cloud computer subscription.

Then comes the software bundles, because they can't just have you installing whatever you want on their cloud machines, that's leaving money on the table.

Eventually with the next generation, or the one after that it will become normalised, just another thing you can't own because fuck you, that's why.

FML: i scroll down maybe 10 posts and this : https://programming.dev/post/46457240

Thin clients for all!

well they are passing around money to each other over and over again, until there is none.

Art, too, of course, none of it actually works without that.

But it makes the line go up.

Its not 110 billion up front. Its setup to hit 110 billion in several stages if they hit certain metrics like AGI or going public.

The first stage is something like 35 billion based on reports. 15 billion from Amazon, then 10 billion each from Nvidia and Softbank. Looks like Microsoft sat this round out since they arent name checked:

All of this adds a little more anxiety to OpenAI's alleged $100 billion funding round which, as The Information reports, Amazon's alleged $50 billion investment will actually be $15 billion, with the next $35 billion contingent on AGI or an IPO:

Under the terms of the investment, which are still being negotiated, Amazon would initially invest $15 billion into OpenAI, these people said. The other $35 billion could hinge on OpenAI reaching AGI or going public, the people said. The proposed Amazon investment is part of OpenAI’s current funding round, which could top $100 billion at a valuation of $730 billion before the financing.

And that $30 billion from NVIDIA is shaping up to be a Klarna-esque three-installment payment plan:

In addition, SoftBank and Nvidia each plan to invest $30 billion in three installments through the year as part of the round, said the people. Microsoft had been expected to invest low billions of dollars, The Information previously reported, but it could invest a smaller amount or none at all, according to two of the people.

Still a fuckton, but as usual Altman is hyping something that hasent actually happened.

I wish I could attach a generator to this circular flow... unlimited powaaaah

Hey, what if no money is real money. Then what?

I was shopping for laptop ram recently, it was like a turd fight in a shitstorm. Eventually decided to make do with what I have.

Its been so since 4o Image released.

Let's not hope but make ☺️