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OpenAI might torch $14 billion in 2026, hitting bankruptcy by next year (www.windowscentral.com)

submitted 1 day ago by scrubbles@poptalk.scrubbles.tech to c/technology@beehaw.org

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I've been an AI realist from the start. What can the models actually do? What are the limitations? Ultimately, I think there is a place in the market for them - for people who understand the limitations of them and know when they're spewing BS.

I am not shocked at all that OpenAI (and Microsoft being one of it's largest shareholders) is burning cash and suddenly is realizing it may not be able to make good on it's promises. AI reality vs AI hype. Us actual tech people have known since the beginning this was all hype, now finance people are starting to notice (about time).

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[–] Powderhorn@beehaw.org 37 points 1 day ago

The world of finance is now primarily just pump-and-dump schemes.