I never want to hear that reducing climate emissions costs too much ever again.
imaginary_num6er on
GDP Just multiplied again with this new transaction announcement
skccsk on
No need to make money when other people will just keep giving it to you.
MaxRD on
he_cant_keep_getting_away_with_this.gif
endgamer42 on
How are they planning on making it all back. Are all these private investors just gambling that OpenAI will be the ones to achieve achieve ASI? Or are they being told that OpenAI *will* feature promotional content in natural language responses behind closed doors? That’s the only other thing that makes sense as it is a shit sandwich that would make them wildly rich if they managed to shove it down their user’s throats.
Equivalent_Lunch_944 on
Tbh the funding doesn’t sound that solid. Amazon’s $35B contingent on metrics, and Jenson’s $30B seems in flux based on previous interviews, I think they are just trying to build confidence in hopes that it buys time to change the narrative. Plus I wouldn’t be surprised if the Amazon funding ultimately ends up just being AWS services
Rukenau on
Someone should correct me if I’m wrong, but given that all of this comes from Amazon, Nvidia and SoftBank, isn’t this basically these companies indirectly investing in their own share price given how exposed to OpenAI they already are?
nath999 on
I just don’t know what people are seeing in OpenAI outside of LLM that makes everyone want to pour money into it. They have to be showing investors what they can actually do right?
EndeLarsson on
So many billions and still zero improvement in people lives. Just more porn, more fake and less jobs. What a waste!
So_average on
Where are they getting this money from?
Idoncae99 on
35 of the 50 billion from Amazon requires either an IPO or them to reach AGI THIS YEAR?
And of course this also has OpenAI saying it will now spend more on AWS?
Woo, circular deals that will never be completed.
SanityAsymptote on
$110 Billion to any public entity would be profoundly transformative to their function and operation. Literally any US state, let alone city would explode into ***unprecedented financial prosperity*** with this much money.
OpenAI has less than 10,000 employees, probably only around 7000 by a high estimate. They gathered this money to pay nvidia for hardware so they can train their models again, all betting on the functionally zero chance that they’ll make AGI ***within the next year.***
It’s a house of cards, and truly wasted money.
polloyumyum on
Fuuuuuck off, let this shit die!
Difficult-Way-9563 on
I can’t wait til AI implodes esp OpenAi and oracle
rwilcox on
Holy duck, you could buy 3 TV networks for that kind of money!!
Crafty-Reveal-6955 on
Gotta blow up the bubble good and big so it takes out as much as it can when it bursts.
raleighs on
When it disappears, then a government bailout.
twistedstance on
So happy for them.
FuntimeBen on
Disclaimer: I believe AI has the potential to be transformative and highly beneficial. I use it sparingly at work and see a lot of promising developments.
However, I hope the big AI companies fail and their bubble bursts. They’ve negatively impacted hobbyist PC users, and I consider their business model unsustainable. I fear AI will be viewed in a similar way to colonizers in the future. They are stealing our resources, and when they fail, bringing down the global economy, none of these snake oil-selling tech bros will be held accountable.
wowlock_taylan on
It is such a stupid bubble. Those companies that invested in this and seeing how it is not playing out as they thought, just propping it up as a false ’success‘ by throwing more money in the pit.
It is South Sea Bubble levels of idiocy. ‚Put money into the stock that does not make any money because of the IDEA of making money‘.
All these corporations that burn money like this should be taxed to HELL.
ubix on
Can we stop pretending like this isn’t just billionaires borrowing money from other billionaires in an endless cycle?
jordanosa on
RIP to those old heads that don’t know anything about the other AI competition.
lightspuzzle on
got a few more suckers to finance your oligarhy dream.
Think_Fault_7525 on
and, it’s gone…
nndscrptuser on
ya know, my life (and most people’s) would be entirely changed for the better if we could get $110,000, but one company can get 1,000,000x as much out of thin air, no biggie. Society got some wacked priorities man…
Emergency_Link7328 on
The burst is also going to be historic.
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26 Kommentare
I never want to hear that reducing climate emissions costs too much ever again.
GDP Just multiplied again with this new transaction announcement
No need to make money when other people will just keep giving it to you.
he_cant_keep_getting_away_with_this.gif
How are they planning on making it all back. Are all these private investors just gambling that OpenAI will be the ones to achieve achieve ASI? Or are they being told that OpenAI *will* feature promotional content in natural language responses behind closed doors? That’s the only other thing that makes sense as it is a shit sandwich that would make them wildly rich if they managed to shove it down their user’s throats.
Tbh the funding doesn’t sound that solid. Amazon’s $35B contingent on metrics, and Jenson’s $30B seems in flux based on previous interviews, I think they are just trying to build confidence in hopes that it buys time to change the narrative. Plus I wouldn’t be surprised if the Amazon funding ultimately ends up just being AWS services
Someone should correct me if I’m wrong, but given that all of this comes from Amazon, Nvidia and SoftBank, isn’t this basically these companies indirectly investing in their own share price given how exposed to OpenAI they already are?
I just don’t know what people are seeing in OpenAI outside of LLM that makes everyone want to pour money into it. They have to be showing investors what they can actually do right?
So many billions and still zero improvement in people lives. Just more porn, more fake and less jobs. What a waste!
Where are they getting this money from?
35 of the 50 billion from Amazon requires either an IPO or them to reach AGI THIS YEAR?
And of course this also has OpenAI saying it will now spend more on AWS?
Woo, circular deals that will never be completed.
$110 Billion to any public entity would be profoundly transformative to their function and operation. Literally any US state, let alone city would explode into ***unprecedented financial prosperity*** with this much money.
OpenAI has less than 10,000 employees, probably only around 7000 by a high estimate. They gathered this money to pay nvidia for hardware so they can train their models again, all betting on the functionally zero chance that they’ll make AGI ***within the next year.***
It’s a house of cards, and truly wasted money.
Fuuuuuck off, let this shit die!
I can’t wait til AI implodes esp OpenAi and oracle
Holy duck, you could buy 3 TV networks for that kind of money!!
Gotta blow up the bubble good and big so it takes out as much as it can when it bursts.
When it disappears, then a government bailout.
So happy for them.
Disclaimer: I believe AI has the potential to be transformative and highly beneficial. I use it sparingly at work and see a lot of promising developments.
However, I hope the big AI companies fail and their bubble bursts. They’ve negatively impacted hobbyist PC users, and I consider their business model unsustainable. I fear AI will be viewed in a similar way to colonizers in the future. They are stealing our resources, and when they fail, bringing down the global economy, none of these snake oil-selling tech bros will be held accountable.
It is such a stupid bubble. Those companies that invested in this and seeing how it is not playing out as they thought, just propping it up as a false ’success‘ by throwing more money in the pit.
It is South Sea Bubble levels of idiocy. ‚Put money into the stock that does not make any money because of the IDEA of making money‘.
All these corporations that burn money like this should be taxed to HELL.
Can we stop pretending like this isn’t just billionaires borrowing money from other billionaires in an endless cycle?
RIP to those old heads that don’t know anything about the other AI competition.
got a few more suckers to finance your oligarhy dream.
and, it’s gone…
ya know, my life (and most people’s) would be entirely changed for the better if we could get $110,000, but one company can get 1,000,000x as much out of thin air, no biggie. Society got some wacked priorities man…
The burst is also going to be historic.