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lechekaflan@lemmy.world to Fuck AI@lemmy.worldEnglish · 1 day ago

AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

futurism.com

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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

futurism.com

lechekaflan@lemmy.world to Fuck AI@lemmy.worldEnglish · 1 day ago
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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure in Leaked Documents
futurism.com
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It turns out that AI demand is significantly lower than expected, as OpenAI shaves $20 billion off its revenue expectations for 2026.
  • Diplomjodler@lemmy.world
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    1 day ago

    Not if they find more fools to fleece.

    • ParlimentOfDoom@piefed.zip
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      1 day ago

      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

      • Dryad@lemmy.world
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        1 day ago

        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.

      • Sergio@piefed.social
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        1 day ago

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

        • group_hug@sh.itjust.works
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          20 hours ago

          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.

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