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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 week ago by cm0002@toast.ooo to c/goodnewseveryone@piefed.social

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[–] U7826391786239@lemmy.zip 38 points 1 week ago (9 children)

if you thought the bank bailouts in 08 were ridiculous, just wait until the AI bailouts

[–] Akh@lemmy.world 25 points 1 week ago (8 children)

With what money? Trump is adding a trillion in debt every six months and we are running out of allies

[–] hayvan@piefed.world 1 points 1 week ago (1 children)

Also banks going bankrupt can do incredible damage (this is why I'm a strong opponent to private banking. They should be public services, not for-profit corpos). Tech companies going under is bad but not too-big-to-fail bad.

[–] Olgratin_Magmatoe@startrek.website 3 points 1 week ago

The assumes that retirement and savings accounts don't invest in the tech companies.

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