Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter

brownsugga@lemmy.world ⁨19⁩ ⁨hours⁩ ago

• ragas@lemmy.ml ⁨19⁩ ⁨hours⁩ ago

  You know if you invest all your winnings into all the companies that buy your stuff so that they can buy more of your stuff, you are actually not generating any winnings.

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• IndustryStandard@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  Like Nividia which… Oh it’s all based on AI revenue.

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  • Jhex@lemmy.world ⁨16⁩ ⁨hours⁩ ago

    And even though NVIDIA is better place as they do produce something, but the something in play has little value out of the AI bubble.

    NVIDIA could be left holding the bag on a super increased capacity to produce something that nobody wants anymore (or at least nowhere near at the levels we have now) so they are still very much exposed.

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    • enumerator4829@sh.itjust.works ⁨15⁩ ⁨hours⁩ ago

      I want cheap GPUs at home please!

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      • Jhex@lemmy.world ⁨14⁩ ⁨hours⁩ ago

        me too, but the GPU used for AI are not the same as what we would use at home.

        maybe the factories can produce both kinds and they would be cheaper, but it is speculation at this point

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      • Dojan@pawb.social ⁨10⁩ ⁨hours⁩ ago

        I’d love this, but not Nvidia.

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  • Saledovil@sh.itjust.works ⁨15⁩ ⁨hours⁩ ago

    They’re the ones selling shovels in this gold rush, though.

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• bebabalula@feddit.dk ⁨19⁩ ⁨hours⁩ ago

  Hard to say, really. Yes, MS can absorb loss if the value of their stake in OpenAI goes to $0 overnight, but how much of their stock value is based on expectations that they can sell cloud compute for billions of dollars? And how many private and institutional investors have a stake in that?

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• Rooster326@programming.dev ⁨17⁩ ⁨hours⁩ ago

  [deleted]

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  • Jhex@lemmy.world ⁨16⁩ ⁨hours⁩ ago

    What? there was no such thing a “bubble” around the Metaverse… (at least not the economic slang term “bubble”)

    From the first video of the Zuck presenting the idea, everyone just laugh it off… Meta did waste tons of money on it but they had the money to burn so there was no bubble at all in play here

    If I am rich and stupid, I may think a pool in the roof of my house is a great idea. I can spend the value of the house having it built and then have the house collapse on me. Since I am rich, I can just buy another house or pay to rebuild it and that’s the end… no bubble.

    However, if I am pitching plans for pools on roofs… and millions of people buy into it, many of whom can barely afford my terrible plans, when the houses start collapsing, too many people will be left with no house or means to procure another one… that’s a bubble

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    • zipzoopaboop@lemmynsfw.com ⁨10⁩ ⁨hours⁩ ago

      Meta verse was a scam to extract money from nft bros and web 3.0 “game” devs

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  • Ledivin@lemmy.world ⁨15⁩ ⁨hours⁩ ago

    lol, what? “Bubble” doesn’t just mean something is expensive

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• EncryptKeeper@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  The problem is that the companies that actually produce revenues and profits are also in turn being propped up by AI.

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• Jhex@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  such as?

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