Technology

41344 readers

314 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 4 years ago

MODERATORS

remington@beehaw.org

alyaza@beehaw.org

TheRtRevKaiser@beehaw.org

gyrfalcon@beehaw.org

rs5th@beehaw.org

coldredlight@beehaw.org

SemioticStandard@beehaw.org

OpenAI might torch $14 billion in 2026, hitting bankruptcy by next year (www.windowscentral.com)

submitted 1 day ago by scrubbles@poptalk.scrubbles.tech 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).

you are viewing a single comment's thread
view the rest of the comments

[–] supersquirrel@sopuli.xyz 17 points 1 day ago (4 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.

[–] belated_frog_pants@beehaw.org 11 points 1 day 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.

[–] zqwzzle@lemmy.ca 9 points 1 day ago

The more I learn about finance the angrier it makes me.

[–] MotoAsh@piefed.social 8 points 1 day ago* (last edited 1 day 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...)

[–] Thedogdrinkscoffee@lemmy.ca 3 points 1 day ago

Finance people who understand the system don't make the money on the assets, but on their trade. They really don't care up or down or implode.

"Investors" who buy "assets" in a deregulated environment like this are just moronic gamblers in a liar's casino where the only axiom is "Everybody cheats".