BUUUUULLLLSHIT. He just doesn’t want to answer honestly to shareholders. The product is a scammy money pit propped up by tissue paper and the confoolery of our liar and chief.
“AI” 🙄
They can’t go public.
I bet they end up merging or being bought long before they’re actually ready to go public.
They can’t go public.
I think that rising interest rates (e.g. by the ECB) because of more expensive oil and empty national reserves wouldn’t make that easier.
Hahaha, AI hype has already reached and past its peak, the best time to do an ipo for them is today, second best time would be tomorrow.
Sure it might be here to stay, but the gold rush FOMO phase is over.
The guy goes fuzzball on telling everyday AI is going to kill us all, then “well I can’t IPO, people are afraid”?
Well, guess what my little boy, what did you expect?
Sam, we don’t believe you, you make no sense at all, you liar piece of shit.
He has a simple, but actually complicated task: boost AI hype, but reduce the competition, ESPECIALLY on the side of open source Chinese models.
That’s the sole reason for “AI is cool, but dangerous, and we must control it” and “We must break free from China” rhetoric. He is tasked to make AI grow as a proprietary technology, so that there’s any chance at all to recoup the immense investment that was made. If open, local LLMs maintain their position, OpenAI cannot leverage its own position to demand exorbitant prices for access to ChatGPT - and that is the key condition to recoup all of the investments that were made.
what they are really saying, especially with the “slow down china bad” rhetoric is just temporally advanced from stuff Adam Smith wrote about, long ago: they cannot keep up and are crying to the powers so shareholders are protected
Good news for retail investors.
And tons of retirement funds, not just in the US. Before I took manual control of mine, about 30% was US stock indexes.
The tech CEO’s are playing into fears of AI, because their development didn’t meet their hype.
There is no doubt, they don’t give a fuck and we all should know it. They believe in nothing except self advancement.
https://www.youtube.com/watch?v=9vQaVIoEjOM
Don’t believe the Hype. Yeeeeaah boooyy.
The tech CEO’s are playing into fears of AI, because their development didn’t meet their hype
Across boardrooms, overpaid MBAs constantly lose billions on the simple concept that all graphs continue to extrapolate favorably, propped up by investors who believe the same thing.
I hope they go right under a rock and stay there.
thiel will be very disappointed his apostate.
That company is fucked.
Their business burns a gallon of gas per homework assignment cheated and Anthropic does it better while China does it cheaper.
Indeed. Next year several billion dollar loans of theirs comes due, with more and larger ones the following year and so on.
Reminder: none of the AI industry is remotely based in reality.
https://www.wheresyoured.at/ai-is-already-in-dangerous-hands/
Hilarious… I guess this pushes back the inevitable bubble collapse (probably until just after they do go public)
They will never go public. Their finances will be in an even poorer state next year, because that is when the first of their many billion dollar loans are coming due.
I am willing to bet the loans get differed, they are later forced to IPO and will pay debts with that whilst Altmam probably noshes off the great orange turd in hopes he can disappear somewhere with a truck load of cash.
I don’t see how they’re going to meet their revenue projections when open models are largely turning LLMs into a free commodity. So far in 2026, we’ve gone from local LLMs being a toy to Qwen 3.8 27B giving the latest Sonnet 5 a run for its money. The OpenCode desktop app is also almost at parity with the Claude desktop app as well and I’ve heard Pi is pretty good too.
Now we are seeing techniques like a “phrase book” evolving to allowing a large portion of a huge model to reside on a SSD instead of in RAM / VRAM so that Opus-class models can run on a gaming PC. For example, this video is nuts: https://m.youtube.com/watch?v=IH8XmxiwliQ
OpenAI and Anthropic know they’re cooked, so that’s why they’re talking all this nonsense trying to keep the shell game going a while longer. 🍿
This generation of AI architecture is cooked. The bet now is that the next generation “AGI” resulting from all the new datacenters will repay the trillions invested.
the next generation “AGI” resulting from all the new datacenters will repay the trillions invested.
Too bad we don’t have the slightest clue on how to do that, except that it won’t work with LLM alone.
Oh well, let’s use the compute power for mass surveillance instead.
I’m so glad an at home competitive solution to the AI fuckery is here now. I hope this fast forwards the bubble bursting and pc prices go back down when an iPhone or Android phone can run an equally good AI on the device itself.
Maybe not a mobile device, but running decent local models is definitely within reach for the average consumer today by simply adding a GPU with lots of VRAM to their existing PC.
I mean yes but those gpus are not necessarily within reach of the average consumer anymore. Even if you got one for a grand which is a lot of money you would have cooling and enclosure costs, possibly additional hardware.
Nah I got an RX 6800 XT for $300 with 16 GB VRAM, perfectly cromulent for a 27B model.
Thats is pretty decent alright, I had heard 24 was what was needed for decent local AI.
24 is ideal, 16 works fine especially with some MoE offloading. If you use llama-swap, a fast PCIe bus and fast storage is ideal. Takes about 20 seconds to swap between two models on my X570 board.
PC prices will be heated up by demand for hardware to run local models. There will always be more advanced models requiring more advanced hardware, or at least for a good while. First it’ll need better hardware to perfect the text generation, then to improve image generation, then to improve video generation, then to make flawless code in large projects like games, etc. etc.
At the very least, GPUs and RAM will probably stay overly expensive for a while.
Just another scam, move along
I hear a lot about AI safety. What, precisely, is unsafe about AI that is unique to AI?
From a technical point of view? It’s just software. If you give a software with semi-random outputs access to control external tools, it will do semi-random stuff and could cause harm. And since the people that loves these little runner also likes to run hundreds of them concurrently, with the ability to spawn more, they can cause harm real fast with no oversight.
If you don’t give them uncontrolled access to anything though? Not much harm in that. But it’s harder to sell the “this is the future of everything” if you put pesky things like checks and limited capabilities for the sake of safety.
So, nothing unique to AI, except the scale of it.
shareholders losing value when another country they did not invest in taking over. you know that “market and invisible hand”
I almost believe it’s related. It sounds like the left are up in arms over AI not because of safety but because of money. If they would be more specific about safety, maybe people would listen.
safety is a red herring. capitalism is always going to eschew safety in the name of profit, no matter the industry. there is no difference here with ai. just assume the corps to be unsafe with it.
the problem is actually that the corps want the world to “slow down” so they can catch up; “for safety” is just marketing.
