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lechekaflan@lemmy.world to Fuck AI@lemmy.worldEnglish · 4 days 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 · 4 days ago
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  • cross-posted to:
  • usa@lemmy.ml
  • usa@midwest.social
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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.
  • ParlimentOfDoom@piefed.zip
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    4 days 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

    • Sergio@piefed.social
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      4 days ago

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

      • group_hug@sh.itjust.works
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        4 days 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.

    • Dryad@lemmy.world
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      4 days 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.

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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