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OpenAI is Suddenly in Trouble
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"We did it, Patrick! We made a technological breakthrough!"
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.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
I predict that this bubble has a lot more runway than you want it to have. It will continue to grow for years.
I think I've read that OpenAI will go bankrupt around mid-2027 unless they start charging everyone a lot more to use their service.
I expect bailouts from the government, though.
It’s the banking crash all over again!
First they make them system critical
The rule is that the market can generally stay irrational longer than you can stay solvent.
The haven't even tried handing the bag directly to retail investors. That's when the endgame starts.
My guess is that it's the pension funds who'll tank it