eicker@lemmy.world to Technology@lemmy.worldEnglish · 6 days agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square340linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-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 · 6 days agomessage-square340linkfedilink
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up0·5 days ago Are you willing to pay 10x what you pay right now They lost $20B on $50B revenue. That means they only need to double the price to make up the loss and have a profit.
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up0·5 days agoThey’re playing all kinds of games with the numbers right now. They’re trying to IPO so hiding costs under other headings outside the core business. Don’t trust what they openly state. It’s far worse.
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up0·4 days agoMaybe but you have to work with the data you have, not the data you want to see. Imagining that the enemy is on the brink of collapse isn’t a good mind set when you are fighting something. It encourages laziness.
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up0·4 days agoThe data is there, but it’s not in what those companies say. It’s in the books of the companies they have relationships with. I do agree with your second statement though.
minus-squareTehWorld@lemmy.worldlinkfedilinkEnglisharrow-up0·5 days agoI’m fairly certain these numbers are made up. Additionally, I’m betting those numbers include investment dollars, as opposed to paid revenue.
minus-squarePattyMcB@lemmy.worldlinkfedilinkEnglisharrow-up0·5 days agoThat’s still a ton when you consider how much professional users are spending.
They lost $20B on $50B revenue. That means they only need to double the price to make up the loss and have a profit.
They’re playing all kinds of games with the numbers right now. They’re trying to IPO so hiding costs under other headings outside the core business. Don’t trust what they openly state. It’s far worse.
Maybe but you have to work with the data you have, not the data you want to see.
Imagining that the enemy is on the brink of collapse isn’t a good mind set when you are fighting something. It encourages laziness.
The data is there, but it’s not in what those companies say. It’s in the books of the companies they have relationships with.
I do agree with your second statement though.
I’m fairly certain these numbers are made up. Additionally, I’m betting those numbers include investment dollars, as opposed to paid revenue.
That’s still a ton when you consider how much professional users are spending.