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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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[–] Muffi@programming.dev 3 points 19 hours ago* (last edited 19 hours ago)

I am currently at the BETT conference in London, about technology in education. Absolutely everything is AI this year. Never before have i seen such hype around a single technology. It feels oddly fake and manufactured, and it is also just utterly boring to showcase. Most of the exhibitor stands this year are just tables with a laptop with a prompt screen open.

I hate it.