Something big is coming. The number of startups that investors have poured billions into that do random in-the-middle bullshit to try and scrape pennies from companies’ budgets is incredible. These products aren’t real. All the investment went into carving money off… the investment. It’s self eating.
Yeah… I’m sure the bubble will pop any minute now.
Just like the Housing bubble.
And the Crypto bubble.
This article is conditioning.
The company I work does pretty basic analysis. Its certainly an “every day” application. It’s been two or three years they’ve been Investing large amounts of money into this, and it can’t do shit. We have been “training” it for faaaaaar longer than it would take to train a human to do these things. Plus, they’ve torn it apart and completely restarted the process at least twice, to my knowledge. Zero efficiencies, very little practical capability. I hear that it’s great at coding and math, I’ve seen it do word processing pretty good, but these assholes oversold it’s capabilities to the managerial class, and they fucking took it. Hook, line, and sinker.
Oh no! If only someone could buy then once they go into bankruptcy… someone like… Microslop perhaps?
(mark my words, this will almost certainly happen)
Nothing an injection of taxpayers money can’t fix!
Could they not have asked their top-tier LLM for advice on how to avoid this massive loss? No? Oh.
I believe the implosion of the AI bubble will essentially torpedo the only thing still supporting the US economy?
This is the first major real sign of the bubble popping. An actual verified report from the Financial Times regarding massive drop in revenue expectations, rather than just people hoping it pops.
cant happen soon enough
Impossible the bubbles never burst
Who could have possibly seen this coming?!
Since I haven’t seen it yet in this conversation, I think I need to bring some better context to what this article is claiming.
No, OpenAI did not assume they were making $70 billion. They’ve always known their existing number. In fact, that number IS what was reported to investors.
The $70 billion number is coming from a specific investor that wanted to adjust the definition of revenue to get a more “apples to apples” comparison to Anthropic’s numbers.
When these companies license their models to hypervisors (AWS, Azure, etc), those hypervisors take a cut. OpenAI does not report that cut as revenue. This investor wanted to add it back in to get a “total demand for AI tokens” number.
They are 2 completely different metrics coming from 2 completely different groups.
Imagine any other company admitting 20 billion setback, how would the investors react to it? I wonder if them admitting this is the needle starting to puncture the bubble, since i cant imagine why anyone would want to invest anything more to them and without more money being injected to their loop how will they keep it running?
