Is OpenAI dead yet?

Comments

• givesomefucks@lemmy.world ⁨1⁩ ⁨day⁩ ago

  You’ll know because when it dies it’s going to cause a huge market crash and take a shit ton of other companies with it…

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  • Nollij@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

    I just want to add that the crash will take down the entire economy, not just AI and tech companies.

    Simply by subtracting AI companies from the equation, the US is already in a pretty substantial recession. The process of them crashing out will make that even worse.

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  • Mwa@thelemmy.club ⁨6⁩ ⁨hours⁩ ago

    and i predict we will have another Great Recession/great depression.

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  • redditmademedoit@piefed.zip ⁨1⁩ ⁨day⁩ ago

    And possibly the most parts of shadow banking, i.e the alt accounts of major financial institutions.

    Fun times ahead!

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    • givesomefucks@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Not really…

      The reason it will domino is AI companies can’t afford the hardware, so Nvidia “invests” in AI companies and trades hardware for shares.

      They have like 100 billion just in OpenAI, which they’re leveraging into loans to make more of the chips no one can afford.

      If openai goes down, the banks call in the loans Nvidia has openai for collateral. So then Nvidia will have to sell all their other shares of other AI companies to cover the loans, and likely will have to drastically cut production of AI chips, driving the cost up.

      Now all those other AI companies that Nvidia just sold, can’t afford the higher price, because they couldn’t afford a subsidized price along with shares.

      As those companies fold, it makes even less people who would even want to buy those AI chips at any prices, driving Nvidia further down and maybe all the way to bankrupt

      That’s when it starts fucking with index funds and the wider market

      But all those shadow banks won’t really get hit. They’re not holding stocks to make money, they’re buried treasure chests filled with liquid assets in case of emergency. The only way they’d be hit is if the currency they’re held in collapses. Even then, that method almost always includes safety deposit boxes with precious metals/jewels to account for that

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  • UltraGiGaGigantic@lemmy.ml ⁨16⁩ ⁨hours⁩ ago

    Oh jeez, sounds like its to big to fail! /$

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  • devfuuu@lemmy.world [bot] ⁨1⁩ ⁨day⁩ ago

    Good. Dreaming of it. They should all collapse. Since none of these peo0le go to jail that’s the minimum that can be done to balance the scales

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• ulterno@programming.dev ⁨4⁩ ⁨hours⁩ ago

  Price of NAS HDD I am monitoring, went up 1% in past week in ongoing trend (over 20% over the past ~4 months).
  I’d say BIG AI is still steaming.

  No idea about OpenAI, specifically.

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• pimpampoom@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  Nope

  Image

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  • moonburster@lemmy.world ⁨1⁩ ⁨day⁩ ago

    I got a PC with everything except the gpu for 250 euro. It has 32gbs of ram, albeit ddr4, very good deal after all. Thanks marktplaats

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    • Siegfried@lemmy.world ⁨23⁩ ⁨hours⁩ ago

      Now, where did you got the motherboard with 32 slots for ddr1 ram?

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  • Strider@lemmy.world ⁨10⁩ ⁨hours⁩ ago

    ❤️🇳🇱

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    • pimpampoom@lemmy.zip ⁨8⁩ ⁨hours⁩ ago

      I’m from Belgium and don’t speak Dutch but I love megekko ❤️

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  • Harvey656@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Sorry I’m a stupid Murican, what does 584,- mean?

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    • moonburster@lemmy.world ⁨1⁩ ⁨day⁩ ago

      It means that your number is even 20% higher in freedom units

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    • k0e3@lemmy.ca ⁨16⁩ ⁨hours⁩ ago

      €584.00, I think.

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• Johnnyvibrant@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

  Keep an eye on the trump family investments, when they dump a load of shares the bubble will burst tomorrow

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  • baggachipz@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    That’s the thing about this bubble. Most of the companies involved aren’t public. The only public company is nvidia, but they’re just selling shovels to the gold prospectors. (Though, they’re giving money to the prospectors to buy the shovels, which is criminal at best.) Oracle is public too but they’re on the periphery.

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    • Taldan@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Alphabet is public, and they have significant exposure

      Microsoft owns a huge stake in OpenAI, and has invested heavily in AI

      I’d argue all the tech companies are highly exposed

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    • exu@feditown.com ⁨1⁩ ⁨day⁩ ago

      I’m calling the bubble burst for a few weeks after the first large AI company has to go public due to being unable to finance their money burning scheme.

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• dbtng@eviltoast.org ⁨22⁩ ⁨hours⁩ ago

  What a great little site. It reminds me of istheshipstillstuck.com. I’m bookmarking that shit. Thanks, OP!

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  • UltraGiGaGigantic@lemmy.ml ⁨16⁩ ⁨hours⁩ ago

    ishenrykissingerdead.com

    I still visit it now and then. Feels good man.

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• brsrklf@jlai.lu ⁨1⁩ ⁨day⁩ ago

  And unlike Wolverine, please stay dead when you get there.

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  • gajahmada@awful.systems ⁨7⁩ ⁨hours⁩ ago

    I remember that, looks like the site is no longer available.

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    • brsrklf@jlai.lu ⁨5⁩ ⁨hours⁩ ago

      Yeah, looks like it doesn’t exist anymore.

      It did fulfill its purpose though, it was actualized when Wolverine came back.

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• niceusername@lemmy.ml ⁨1⁩ ⁨day⁩ ago

  It’ll never die. It’ll take it’s ram and what not and become a hedge fund (a lá GameStop) it’s only purpose will be to upset me personally.

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• biggerbogboy@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

  Well I guess if we find out that RDIMM modules get incredibly cheap, then OpenAI is dead, but if it’s alternatively SOCAMM modules, unfortunately they aren’t.

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