Bah that’s baby numbers compared to what “private space” will accomplish!
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This AI slop post keeps popping up.
“So what did you do with the $100,000?”
"I invested it and turned it into sixteen THOUSAND dollars. "
First thing I thought of lmao.
Do you know how to make a small fortune with AI?
First, start with a big fortune…
Looks like the shovel seller is making quite a bit
Indeed, they’re the only ones. Along with Samsung, SK Hynix, AMD, etc.
Wow, I like that “spent since page load”.
I want a ticker like that “Lemmy pages since bong load”.
This is interesting. Nvidia cashing in while they can. They’ll come back to us consumers when/if all this AI stuff collapses.
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You have to spend money to make money :)
Sometimes you have to spend more than you make but that doesn’t mean it’s a bad idea! You just have to continue spending and one day it’ll maybe start turning a profit. Maybe not, though! 🙂 I love AI
Are you being facetious or are you just dumb?
This is what you call a succesful business man /s
If someone gave me 21billion I bet I could only lose 1 billion, return the 20, and never be seen again.
This was standard operating procedure for Silicon Valley companies before COVID.
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Clear Channel aka Iheartradio (the media conglomerate) went a whole decade consistently losing money before they finally made a profit. If we follow that timeline then OpenAI has 9 more years to hemorrhage money before they start to see a return of investment.
Except that, over those 10+ years, iheartradio accumulated less than half of the debt that OpenAI already has.
Both of these companies are an example of a new kind of capitalist trick where they simply take advantage of the fact that they can use an infinite amount of money to invade a market and make it completely unprofitable for any competition by losing money for years.
They can then acquire all of these companies’ market share and then squeeze everyone with their new monopoly powers.
It’s blatant market manipulation that any country with a functioning government would have regulated out of existence.
This is another incorrect take. OpenAI is not the only one hemorraging money. All of these LLM companies are offering a heavily subsidized product. Once the money runs out, which it will, the bubble wil pop or deflate. It’s not a matter of “if”, just “when”. It’s simply not an economically viable product. My guess is that the only reason they’re doing this, is because they’re hoping for some wild technological breakthrough that will massively lower costs.
An incorrect take?
This isn’t a business strategy unique to tech companies, it’s used across multiple different industries.
Source: work in finance.
Yes, an incorrect take.
While the strategy is not new, the scale and speed is. Also, there wasn’t an existing market that they’re trying to capture (as opposed to services like Amazon or Uber).
The entire industry is doing the same thing and they’re all losing. It’s a race to the bottom and that is most certainly new (and stupid).
Not to mention that the cost of the unsubsidized product is insane. Hence, it’s not an economically viable product.
So, you’re saying it’s a new kind of capitalist trick where they lose money by subsidizing the product in order to make it completely unprofitable for all of the other companies?
I have it on good authority that this is an incorrect take.
OpenAI has a trillion dollars in financial obligations they need to meet by 2030. I doubt Clear Channel’s financial obligations were in the same order of magnitude.
