Oh I cannot wait to hear Ed Zitron's take on this. I'm sure he'll say something about a "dog's asshole on Thanksgiving". Lol.

But surely this massive financial failure is due to OpenAI purposefully self-harming by not releasing their latest models due to their own ethical concerns over safety. It is the very high moral standing of the corporate leadership, sacrificing profit for the safety of humanity, that has caused this loss.

Worth a try.

Yawn. This shit's been teetering on the brink for years now. Wake me up when it finally collapses.

8/2027 is when they run completely out of money at their current burn rate.

They're spending a trillion every year with a 50 billion take in. It is way more than 20 billion.

Enshitification guy with Jon Stewart explaining what's going on in AI: https://www.youtube.com/watch?v=-dAIJRjb-Bw

But the money is flowing in a circle, will it ever truly run out?

Not if they find more fools to fleece.

Oh, teetering. Is Scam altman not a billionaire now. Fucking bullshit.

That circle of money has leaks going to power, construction, electricity, water, etc. No one is making any profit off of this shit yet, and increasing users is only increasing their expenditure. Banks well only give so much leeway. They just posted a $20 bn loss, and postponed their IPO. They're circling the drain. Cheaper competitors spring up daily

Those folks keep getting more and more options too be fleeced by. There's only so much to go around to keep the bubble inflated

As ever, someone is profiting - be it power companies, Cemex, etc.

Selling shovels to gold miners, etc

I knew they were desperate once I saw them try to fleece professional mathematicians.

TSMC is spending it, isn't it?

The $20 billion is less than what they expected, not their total shortfall. They expected $50 billion and got $30 billion or whatever the actual numbers are.

Not to mention the free, open source models you can run even on older phones that are plenty good enough for most use cases and don’t hoover up morbid amounts of personal data to later leak. Those aren’t very profitable for any of the big companies. Oh well.

So PR math again.

Were you able to keep a straight face while writing that?

Is AI profitable?

The only people walking away right now with money are the hardware manufacturers.

The demand for AI that is NOT shoved down everyone's throat is likely very small (taken in context)... which is why they will put it everywhere, whether you want it or not, so they can turn and pretend all of it is actual demand

70 & 50 rather than 50&30 but yes exactly

Easy to do when acclimatised by actual corporate positions far more removed from reality.

Hahahahaha

They should have asked AI what to do /s

Imagine that, the great labor replacer is worthless for most tasks and losing tens of billions of dollars a year isn't sustainable.

Though, ironically, it's pretty good at helping people ignore corporate(Sony) DRM. I wonder if Anthropic will showcase that project at their next investor meeting...

Burned $30 million in processing power to earn a $1 million math prize.

https://podcasts.apple.com/us/podcast/math-vs-machine/id152249110?i=1000794039469

https://www.bbc.com/news/articles/cy7zygy3rl2o

AI is very efficient at burning money it seems.

Have we not learned by now that bubbles don’t pop? They’re are no bubbles.

Isn't Jon Stewart a black space cop with a magic ring?

That’s fine, the Australian government will cover it somehow with our revenue if this Seppo demands it