this post was submitted on 28 Jul 2024
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OpenAI could be on the brink of bankruptcy in under 12 months, with projections of $5 billion in losses (www.windowscentral.com)
submitted 3 months ago by yogthos@lemmygrad.ml to c/technology@lemmygrad.ml
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[–] yogthos@lemmygrad.ml 7 points 3 months ago

The whole VC based startup culture is basically just a giant pyramid scheme. Initial investors pump the company, and subsidize the losses until they can get the IPO. Then they sell their shares at the peak, and other suckers are left holding the bag for a company that has no viable business model.