eicker@lemmy.world to Technology@lemmy.worldEnglish · 11 days agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square375linkfedilinkarrow-up1967arrow-down122
arrow-up1945arrow-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 · 11 days agomessage-square375linkfedilink
minus-squareKaiFeng@lemmy.worldlinkfedilinkEnglisharrow-up6·11 days agoThat… Doesn’t make sense does it? Like apart from fraud what’s the point of doing it like that?
minus-squareCrimeIsLegalNow@ani.sociallinkfedilinkEnglisharrow-up5·11 days agoOh, it’s absolutely a fraud meant to deceive investors. Just not legally speaking.
minus-squareredballooon@lemmy.worldlinkfedilinkEnglisharrow-up1·10 days agoBut the $70b number was published by an investor, and OpenAIs crime was to not disagree publicly. Makes me wonder who is frauding whom. I won’t pretend to understand this news.
minus-squarephutatorius@lemmy.ziplinkfedilinkEnglisharrow-up1·8 days agoThey need to pull a big number from where the sun don’t shine.
That… Doesn’t make sense does it? Like apart from fraud what’s the point of doing it like that?
Oh, it’s absolutely a fraud meant to deceive investors.
Just not legally speaking.
But the $70b number was published by an investor, and OpenAIs crime was to not disagree publicly. Makes me wonder who is frauding whom.
I won’t pretend to understand this news.
They need to pull a big number from where the sun don’t shine.