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OpenAI could reportedly run out of cash by mid-2027 — analyst paints grim picture after examining the company's finances (www.tomshardware.com)

submitted 1 day ago by cm0002@toast.ooo to c/goodnewseveryone@piefed.social

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[–] n4ch1sm0@piefed.social 19 points 23 hours ago* (last edited 19 hours ago) (1 children)

The difference is that for decades the flight to safety has been the US dollar in economic downturns. Now, people can't wait to dump the dollar; the flight to safety has been shifting to gold, silver, and even the Yuan.

When the bubble pops, it'll be be an economic fuckening we've likely not seen.

[–] Olgratin_Magmatoe@startrek.website 2 points 20 hours ago (1 children)

Starting to wonder if it's worth turning some of my savings to regular ass gold.

[–] n4ch1sm0@piefed.social 1 points 19 hours ago

You are most certainly not alone; I've seen skeptics say that it's doomsday-prep-crazy, but any statements like that are, in my opinion, denialism in this day in age. A regular savings account isn't a viable place to store absolutely all of your money, even since before the Trump admin started fucking things up. A diversified portfolio with safe investments after a certain point is the ideal way to handle it.

Only difference now, is that what a "safe investment" has mutated into is something else now; not to mention how little people can afford to save money. Do what you can to take care of yourself with what you have man.