technology

23380 readers

132 users here now

On the road to fully automated luxury gay space communism.

Spreading Linux propaganda since 2020

Rules:

1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.

founded 4 years ago

MODERATORS

context@hexbear.net

EmmaGoldman@hexbear.net

SexUnderSocialism@hexbear.net

gaycomputeruser@hexbear.net

ZoomeristLeninist@hexbear.net

OpenAI Is A Bad Business (www.wheresyoured.at)

submitted 2 months ago by JRepin@lemmy.ml to c/technology@hexbear.net

13 comments fedilink hide all child comments

cross-posted from: https://lemmy.ml/post/21121074

OpenAI, a non-profit AI company that will lose anywhere from $4 billion to $5 billion this year, will at some point in the next six or so months convert into a for-profit AI company, at which point it will continue to lose money in exactly the same way. Shortly after this news broke, Chief Technology Officer Mira Murati resigned, followed by Chief Research Officer Bob McGrew and VP of Research, Post Training Barret Zoph, leaving OpenAI with exactly three of its eleven cofounders remaining.

This coincides suspiciously with OpenAI's increasingly-absurd fundraising efforts, where (as I predicted in late July) OpenAI has raised the largest venture-backed fundraise of all time $6.6 billion— at a valuation of $157 billion.

you are viewing a single comment's thread
view the rest of the comments

[–] BashfulBob@hexbear.net 9 points 2 months ago (1 children)

Or maybe we'll just move on to the Next Thing, like we did after the VR and Crypto markets flopped.

So long as you can print new cash faster than bag holders can go bankrupt, we can keep running this thing forever.

If anyone important gets caught holding a bag, bailout and move on.

[–] UlyssesT@hexbear.net 5 points 2 months ago

Smug credulous bag holders said that everyone would be wearing bazinga headsets by, oh... 2021.

Smug credulous bag holders said that internet funny money/NFTs would revolutionize everything and that we should get in on the ground floor in, oh... 2023.

Now it's about how treat printers will magically fix the problems that their electrical demands and carbon output are making worse in 2025 and onward.

same-as-it-ever-was