this post was submitted on 10 Jul 2026
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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 3 weeks ago by FoxtrotDeltaTango@sh.itjust.works to c/technology@lemmy.world
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cross-posted from: https://toast.ooo/post/12317935

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[–] mr_satan@lemmy.zip 22 points 3 weeks ago (3 children)

While I agree with not buying being better that giving them money. I can't agree with leadership being smart.

This thing was never going to be profitable. So they either:
a) they're actively malicious — they were never planning on profiting which means this is basically a pump and dump scheme capable of triggering some form of recession;
b) they're fucking morons for believing their own fantasies, which judging by their public appearances would track.

Former seems just as plausible, but my bet is on the latter. These AI bro CEOs seem to be woefully average at best.

[–] jubilationtcornpone@sh.itjust.works 6 points 3 weeks ago

I've worked too many places where "b" is absolutely the answer. Even small companies that you've probably never heard of where management is drinking the koolaid. They usually don't like being asked why someone would actually pay for whatever bullshit they're selling. The answer, almost without exception, is because one of their CEO buddies told them it was a good idea.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 2 weeks ago

The bet was that bigger compute gave more parameters which gave exponentially better intelligence.

Unfortunately the increase in intelligence is logarithmic under current methods, so the business model is unsustainable.