RetroFed Forums
Your home away from modern life.
AI Startup Once Valued at a Billion Dollars Declares Bankruptcy
Post Reply
AuthorMessage
Pratai piefed.ca Pratai@piefed.ca
Joined: 2026-02-12
#52 · Quote Reply

Which will end the first time they can’t make a payment. It’s like you do not understand basic economics. Without a job you can’t pay for things. It doesn’t matter if you have a credit card or not. Your credit card will be closed because you have no income.

Okay buddy. We’ll see. People have been spending money they don’t have since money began. But you believe whatever helps your point make the most sense to you.

I honestly don’t care anymore.

0
subverted_per lemmy.blahaj.zone subverted_per@lemmy.blahaj.zone
Joined: 2024-07-31
#53 · Quote Reply

They're worth about 10 feet of rope

Or a single large razor mounted about fifteen feet up.

2
thedeadwalking4242 lemmy.world thedeadwalking4242@lemmy.world
Joined: 2023-08-10
#54 · Quote Reply

I hope this is the beginning

2
k0e3 lemmy.ca k0e3@lemmy.ca
Joined: 2025-03-03
#55 · Quote Reply

And may many more follow. 🙏

2
brucethemoose lemmy.world brucethemoose@lemmy.world
Joined: 2024-03-22
#56 · (edited) Quote Reply

CAI was a thing before the AI Bubble. In fact, a desire to replicate it locally was a big motivation for a lot of local inference development.

In other words, while they are certainly an LLM-using company, I’d be carefully lumping them with the rest of the pop-up industry and therefore using them as some kind of indicator, as they significantly predate it. They’re from a different era. And they’ve always been controversial/problematic.

2
GamingChairModel lemmy.world GamingChairModel@lemmy.world
Joined: 2023-07-05
#57 · Quote Reply

CAI was a thing before the AI Bubble. In fact, a desire to replicate it locally was a big motivation for a lot of local inference development. In other words, while they are certainly an LLM-using company, I’d be carefully lumping them with the rest of the pop-up industry and therefore using them as some kind of indicator, as they significantly predate it. They’re from a different era. And they...

Plus their key founders/executives already left the company to go work for Google in 2024, in an acquihire where Google licenses the technology, hires the key personnel, and leaves the company a shell of its former self.

I wouldn't assume too much from this company, because it's not actually reflective of the broader trends in the industry.

4
brucethemoose lemmy.world brucethemoose@lemmy.world
Joined: 2024-03-22
#58 · Quote Reply

Plus their key founders/executives already left the company to go work for Google in 2024, in an acquihire where Google licenses the technology, hires the key personnel, and leaves the company a shell of its former self. I wouldn't assume too much from this company, because it's not actually reflective of the broader trends in the industry.

Oh yeah, I forgot about that.

Yeah, CAI was already a walking corpse.

1
puz piefed.social puz@piefed.social
Joined: 2026-02-07
#59 · Quote Reply

They will. Because they won’t be able to function without it. They already can’t think for themselves without asking their AI for help. Trust me. They’ll pay.

The question is not if addicts would pay a high price for AI (they probably would) but if they CAN afford it (they probably can't).

1
puz piefed.social puz@piefed.social
Joined: 2026-02-07
#60 · Quote Reply

Ever hear of debt?? Credit cards. People have been paying with money they don’t have since the dawn of man.

You make it sound as if I could just quit my job right now and just pay for all my expenses with my credit card.
I wonder how long I could pull this off :)

1
XLE piefed.social XLE@piefed.social
Joined: 2025-06-23
#61 · Quote Reply

Another reminder that there's a difference between something being "valued at" a billion dollars and being "worth" a billion dollars.

We still haven't learned our lesson from WeWork, huh...

2
Pratai piefed.ca Pratai@piefed.ca
Joined: 2026-02-12
#62 · Quote Reply

You make it sound as if I could just quit my job right now and just pay for all my expenses with my credit card. I wonder how long I could pull this off :)

I make it sound as if some kids don’t care if they go into debt.

1
Post Reply Page 2 of 2   Goto page « First 1, 2
Back to top