eicker@lemmy.world to Technology@lemmy.worldEnglish · 5 days agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square368linkfedilinkarrow-up1705arrow-down117 cross-posted to: usa@lemmy.mlusa@midwest.socialfuck_ai@lemmy.world
arrow-up1688arrow-down1external-linkAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 5 days agomessage-square368linkfedilink cross-posted to: usa@lemmy.mlusa@midwest.socialfuck_ai@lemmy.world
minus-squareHerbGrower@slrpnk.netlinkfedilinkEnglisharrow-up0·5 days agoIt doesn’t matter if it works, if investors think it does that is enough for them to throw money at it.
minus-squareEmilieEasie@fedinsfw.applinkfedilinkEnglisharrow-up1·4 days agountil they run out of money
minus-squareBlaestEgnen@feddit.dklinkfedilinkEnglisharrow-up2·4 days agoWhen the investors are Microsoft, Google, Meta and Amazon. Then they have some deep pockets
minus-squareEmilieEasie@fedinsfw.applinkfedilinkEnglisharrow-up1·4 days agoTrue, very deep, and for a while they had nothing to really spend on, which is why, say it with me! Markets can remain irrational longer than you can stay solvent But it’s still not infinite
It doesn’t matter if it works, if investors think it does that is enough for them to throw money at it.
until they run out of money
When the investors are Microsoft, Google, Meta and Amazon. Then they have some deep pockets
True, very deep, and for a while they had nothing to really spend on, which is why, say it with me! Markets can remain irrational longer than you can stay solvent
But it’s still not infinite