110 billion more pumped into a company with no sustainable business model in sight 🫧
ads
And also all the military contracts that Anthropic will no longer take
I think the AI porn market might go somewhere. The internet is for porn after all.
I mean, Grok IS the world’s largest source of CSAM, after all, and we know how much Republicans love that.
Nope, it’s a 110 billion IOU…there is no money being passed around. That’s why when this pops. It’s gonna be grizzly.
at first its a pimple, but now its a boil, and growing to a bigger infection, once it pops it will reach the bloodstream.
$110b pumped into a company that’s literally never made a cent.
OpenAI has made revenue.
It hasn’t made profit.
“🤓☝️” everyone knows what they mean
OpenAI literally makes billions of dollars.
Yes they do, but when someone says “thats never made a cent” they dont mean revenue, they mean profit and everyone can understand that they mean profit so there’s no need to point put that revenue ≠ profit.
when someone says “thats never made a cent” they dont mean revenue, they mean profit
No. The statement is ambiguous. I provided clarification.
A counter example to prove my point. No-one claims that Uber has never made a cent.
the hype is the business. scams can be business models.
How much more will DoD pump into it now?
We are grateful for the support from our partners and have a lot of work to do to bring you the tools you deserve.
What about the ram and storage I deserve?
They’ll have you subscribe to their RAM and storage.
Exactly. Nobody asked for AI.
What we ask for is cheap storage and RAM.
They are taking away something we want, and replacing it with something we don’t want.
What we ask for is cheap storage and RAM.
eh, I look at as: we already paid for cheap storage and ram, but the AI buildouts are gobbling those markets up instead of creating their own supply chains.
The people that didn’t have a chance to buy cheap storage and RAM yet didn’t pay for it, did they? Not everyone bought components before the shortage. I bought a whole beast PC, so I was lucky, but not everyone had such timing.
Naaaa you think you deserve that but in reality you don’t need that. You’ll soon see how their products and tools make ram and storage redundant for you. I’m sure
It’s easy. You buy a set of ram on Amazon and put your old sticks in the box when you return it.
I upgraded half the parts in my computer this way over a year ago. We really need to promote stealing from large corporations. It’s silly how many people are still following the rules of society when they aren’t.
Yes, that’s now I got all the HDDs for my NAS. No remorse stealing from Bezos
Nice. Zero victim crime.
The bonus for me is that the GSkill RAM i got is now a part of a class action settlement on their RAM speeds being advertised falsely. No idea how much I can get “back” but gonna try.
Working overtime on taking a little bit back from what they steal from us in taxes alone.
Until they decide to sell it again and the next customer gets what you returned instead of what they ordered
Over a year later. Falls under petty theft which has a statute of limitations of a year in my state. I’m not losing sleep over it.
And this is all theoretical for internet points. I’d never actually do something like that. Never never never. Not even once.
I also don’t weight every fruit and vegetable at self checkout as a potato (lowest cost per weight item usually). I’d never ever do that.
I like you. You have a great mind.
The merry go round of fake capital continues.
the tools you deserve
What did we do wrong to deserve this?
The tools we deserve/need are cheap. A few pieces of wood and an angled blade.
Honestly we can get the same effect with one large ax and a stump.
I dunno… that requires some training to operate, and it’s REALLY horrid when you miss…
Also it puts up less of a show.
…not if you miss horridly enough.
Don’t forget rope
An AR-15 is now cheaper than 64 gigs of RAM…🤔
Two large pieces of wood, and a few 9-inch nails.
Per billionaire.
Letting the South live after the civil war.
I think this is just negging.
I profoundly hate this timeline
So anyway, I pumped one of the biggest bubbles in history again
This is absolutely insane to me. AI is destroying society.
Now is the time to stand by your principles. And if you don’t have principles, maybe raise some. Become anti-consumption and remove yourself from capitalism, as much as possible. Hate those people. You should hate them as much as possible.
They want to destroy society, and build a new one in its place. Preferably one, that comes without this pesky feature called “empathy”.
It sucks too, because the power for pattern recognition and identification behind Machine Learning is incredible, and if we were being more responsible with it, we could be using it only for truly valuable purposes like early cancer detection, assistant tools, proofreading etc, instead of training it to plagiarise other people’s work and kill people somewhere.
100% agree. What alpha fold did, which had to do with protein folding, was awesome. But ya, then comes capitalism and the idiocy and comfort-seeking of society and everything is ruined for everyone…
Nvidia buying more of their own GPUs. Definitely not a bubble, just kind of circle shaped
Look, it’s simple. In capitalism it works like this:
Money = more money
Society = money
You = society
More society = more money
Society = more money
Thank you for your attention to this matter.
just the three biggest companies sinking $110 billion into a company that’s never made a profit what bubble
and that’s just the teeny-tiny tip of the economic circle jerk that’s going on.
NVidia, AWS, and SoftBank are all involved in data center construction. Wonder how much of the $110B are essentially ‘store credits’ that just cycle back to them?
This. Softbank are probably the only ones providing actual cash of $30bn to pay employees.
“AWS to provide OpenAI with Amazon EC2 UltraServers, featuring hundreds of thousands of chips, and the ability to scale to tens of millions of CPUs for its advanced generative AI workloads”
Nivida’s investment is measured in GW so that tells you all you need to know.
they are peddling to india apparently, where modi is giving them a free place to build, because the states is showing some resistance.
of course his PROFILE picture is ai GENERATED. i cringe at that cartoonish look that my older bro does with pictures.
It’s a faux studio ghibli stile. Which completely misses what is so good about studio ghibli in the first place.
Its been so since 4o Image released.
Fuck 110 billion… These people have way too much money to burn. Literally throwing money away for some shit tech that so far hasn’t produced any returns and probably never will.
Sam Altman is a money launderer. he’s just holding the money so everyone else can say they don’t have money
I’m not sure this is money laundering (that would imply there’s a bunch of dirty money to get clean). But it is a scheme for sure.
Most of that cash is going to be spent, either directly or indirectly, on hardware from nVidia and now I bet they’re going to use a bunch of cloud services from Amazon too.
Just inflating stock prices all round because for its investment in OpenAI, nVidia probably gets to own part of OpenAI + also one of the biggest end customers for their data center GPUs has more money to either build data centers or rent from existing providers.
Yeah seriously, $Billions and $Trillions are too common in the media to have the impact they should have.
This one headline is discussing an investment of $110,000 MILLION Dollars. That’s enough to let an entire football stadium (either US version or everybody else version) of people retire tomorrow.
40 years of 100,000 people working $15 an hour would just barely make that much. Before taxes. And unpaid sick time. Of course. Sorry to be US-centric but we seem to be leading the way in this whole Road To Dystopia thing.
Can someone that lies better than me start-up a fake AI Company that’s real purpose is to take all the memory and chips they have access to and sell them at a loss to normal people? Not only would the prices come down , but we’d be actively screwing over all these giant companies that invested.
For that matter, how much does it cost to start a RAM manufacturer?
What could it cost…$10?
Ballpark $100,000,000,000 and five years per factory.
Modern semiconductors are very complicated to produce.
A hundred billion? I don’t actually know, but that seems too high. I’ve worked as an automation engineer in a bunch of factories and know that you can get a fairly complex fairly large factory for 9 figures. I know semiconductors are complicated but so are a lot of things. I’d guess it’s closer to a billion depending on scale/size/location.
5 years to start up a factory is fast, but doable.
This came from looking up how much people are currently spending to build a ram fab. It’s worth remembering that the tools used are very complex and are also impacted by the massive spike in semiconductor prices.
They’re quite literally making some of the most complicated and intricate things on the planet.
The vast majority of the cost is tools, and when the price of those spikes due to shortage the cost goes up insanely fast.Cost estimates from even a just a few years ago have the cost being $10 to $20 billion.
If a RAM stick or my GPU fails in my computer, I’m ruined financially.
I had 32GB ranked ram and one stick failed. I now have 16GB now.
Just go outside. Avoid people, but the rest of it isn’t terrible if you can avoid the rest of humanity.
What are you on about?
