eicker@lemmy.world to Technology@lemmy.worldEnglish · 1 day agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square301linkfedilinkarrow-up1784arrow-down117
arrow-up1767arrow-down1external-linkAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 1 day agomessage-square301linkfedilink
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down2·1 day ago Are you willing to pay 10x what you pay right now They lost $20B on $50B revenue. That means they only need to double the price to make up the loss and have a profit.
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up4·3 hours agoThey’re playing all kinds of games with the numbers right now. They’re trying to IPO so hiding costs under other headings outside the core business. Don’t trust what they openly state. It’s far worse.
minus-squareTehWorld@lemmy.worldlinkfedilinkEnglisharrow-up2·3 hours agoI’m fairly certain these numbers are made up. Additionally, I’m betting those numbers include investment dollars, as opposed to paid revenue.
minus-squarePattyMcB@lemmy.worldlinkfedilinkEnglisharrow-up7·1 day agoThat’s still a ton when you consider how much professional users are spending.
They lost $20B on $50B revenue. That means they only need to double the price to make up the loss and have a profit.
They’re playing all kinds of games with the numbers right now. They’re trying to IPO so hiding costs under other headings outside the core business. Don’t trust what they openly state. It’s far worse.
I’m fairly certain these numbers are made up. Additionally, I’m betting those numbers include investment dollars, as opposed to paid revenue.
That’s still a ton when you consider how much professional users are spending.