Technology

Couldn't have happened to a worse company! Hope it hurts even worse later on and fractures the Execucultist's will to shill AI further. 😈

Oh good. AI is collapsing and it's taking Oracle with it.

Can we do away with trillion dollar companies already,. please? They're not doing anything good for anyone, it always ends with some CEO's and shareholders enriching themselves over the backs of others

No company should ba r a worth of more than a billion dollars

No single person should have a net worth of over 10 million

Personally, I am eyeballs deep in this industry and even I’m now hoping to see it all burn to the ground. I’ve already concluded that I’ll never make it to retirement in my field, probably because of automation. Fuck ‘em all.

OpenAI’s mounting costs — set to hit $1.4 trillion

Sorry, but WTF!? $1.4 Trillion in costs? How are they going to make all of that back with just AI?

I think there's only one way they can make this back: if AI gets so good they can really replace most employees.

I don't think it will happen, but either way it's going to be an economic disaster. Either the most valuable companies in the world, offering services that the next couple of hundred companies in the world depend on, are suddenly bankrupt. Or suddenly everybody is unemployed.

I wonder .. will it be another case of "Too Big To Fail" .. or will it be .. "Let The Market Decide"?

I'm guessing the answer depends on how many medals the CEO of Oracle can bestow upon the Orange.

Me .. cynical .. no .. just been here for a while.

Where the fuck do they get this money from? $300 billion is fucking nuts. And 1.4 trillion in costs is literally bigger than my countries' entire GDP (Australia)

OpenAI CEO Sam Altman declared a “code red” last week as the upstart faces greater rivalry from Google, threatening its ability to monetize its AI products and meet its ambitious revenue targets.

Interesting that even Sam Altman is worried now!
AFAIK there are also problems that Chinese companies have their own tool chain, and are releasing high level truly open source solutions for AI.

Seems to me a problem for the sky high profits could be that it is hard to make AI lock in, like is popular with much software and cloud services. But with AI you can use whatever tool is best value, and switch to the competition whenever you want.

It's nice that it will probably be impossible for 1 company to monopolize AI, like Microsoft did with operating systems for decades.

Larry Ellison can fuck off while we're at it, the meddling technofascist bastard. Hope he loses everything!

Do y'all think investors will wake up and realize that techbros are a bunch of fraudster scammers? Oracle deserves bankruptcy for being stupid with money. All my homies hate the AI-Bubble.

Bro even the way journalists talk about AI like it being a bet couldn't be more obvious that it's all a scam. If this AI-Bubble is profitable where are the actual god damn profits.

Pop it! Pop it! 💭

Honestly, tulips were a better investment than Tesla or OpenAI. In fact, the continued success of the latter two tells you by itself there is something deeply, seriously wrong with the stock markets and the economy as a whole.

Oracle recently put out a ridiculously optimistic forecast that had them matching AWS within a handful of years. At first the market loved it.

Now I think people are beginning to realise that was a load of bollocks and that they were just overhyping the stock.

If they kill oracle, will that kill the last Unix after IBM stole the parent OS of Solaris and put it into Novell's oubliette to reduce competition?

The sheer amount of AI slop shorts on YouTube must be generating entire dollars in revenue by now. Who isn't entertained and eagerly awaiting the next five million videos of the same scenario over and over again?

Fuck yeah. More of this. A lot more.

Lol get fucked fascist