Submitted 2 weeks ago by XLE@piefed.social to technology@lemmy.world
cross-posted from: https://piefed.social/c/technology/p/1913698/disney-exits-openai-deal-after-ai-giant-shutters-sora
Original WSJ exclusive: OpenAI Scraps Sora App in Continued Push to Focus on Coding and ‘Agent’ Tools
Paywall removal: https://archive.is/cKWkf
So, maybe the AI bubble won’t pop maybe it’ll slowly deflate like a rancid fart.
Silent but deadly
I have a theory, that these techbros have became so savvy of bubbles, that they had plans to keep it going forever, or at least make it slowly die instead of crash at once.
I heard the big banks were trying something similar shortly before the '08 crash. And the Enron/Worldcomm crew right before 9/11.
Certainly possible they’ve got an exit strategy lined up. But the problem is that they’re always just a little too greedy and too high on their own supply. During the '14 mini-recession, reinflating the bubble economy was a bipartisan goal. After the '20 COVID crash, there was broad consensus in cranking open the money hose and flooding the economy with cheap cash. '08, '14, and '20 set a big historical precedent for the “We’ll never let you fail” policies of the federal government. And so we’ve diluted a lot of the short term pain of economic contraction into the longer term pains of currency inflation.
The enormous devastation to real physical capital all across these Mid-Eastern theocracies, combined with the socio-economic pressures of Climate Change induced heat waves, can and will push certain regions of the globe to a breaking point. At some point, you just don’t have anything to spend all those excess dollars on.
Shart.
😂
Sora died? Awesome. What an absolute waste of resources that garbage was.
Honestly I wasn’t a fan after the first Kingdom Hearts.
Ignoring the peak of all action games that is KH2? Sacrilege!
That’s a shame, because KH2 is pretty widely regarded as the best in the series. If you stopped with Chain of Memories, I wouldn’t blame you. The gameplay for that one is definitely… Uhh… Divisive. But KH2 was when the series really hit its stride.
Layers and layers
Roxas had entered the chat.
Is he still trying to save Kairi too?
I got bored REALLY fast of their shit.
Womp; also, womp.
Wait, let me get the world’s smallest violin and we’ll start over.
If I remember right, wasn’t shutting down Sora one of Ed’s signs of the apocalypse?
Pretty close! Sora gets mentioned specifically, just not in that context
A big, stupid magic trick: As these companies get desperate, expect someone — especially OpenAI — to try and show something “new and crazy” as a means of trying to turn the narrative. When or if this happens, look very carefully at what they say about the product’s availability, or what it can do, or who they show it to.
Alternative scenario — Sora launches: If OpenAI gets desperate, it may move up the public launch of Sora, its generative video product. Doing so will only cause more problems — there isn’t a chance in hell that Sora is profitable, and I’m fairly sure it’s even more expensive to run than ChatGPT, and I imagine its visual inconsistencies and hallucinations would make for some entertaining content for YouTubers and tech reporters.
It was a horseman, just not the part where they cancel it a few months later.
To be fair to OpenAI, they are now saying “just use ChatGPT for video too”. Good chance that Disney cancelled them before they cancelled Sora
Great read! I wonder what his perspective is now. That article was written in August 2024 and a lot has happened since then. For example, I cannot fathom the agreement to Sundar’s latest pay package. Another example of failing up the corporate ladder.
Also, it feels like competition with China was an overlooked wildcard in his argument. It would not surprise me if the bubble continues to grow just to try and beat China.
Great read, thank you
good. Hopefully suno dies next. GenAI is garbage tech.
Hopefully suno dies next. GenAI is garbage tech
Ive been asking this for 4 years now, no one can give an answer? What is this tech actually for??? Whats the use case??
It’s for enabling wannabes. I’m a professional musician and I can tell you the only person who uses it is someone on the Suno payroll (Timbaland)
amusing yourself with silly songs and also not tormenting others with them
Is the bubble finally starting to leak?
I think the cracks are starting to show daily at this point. Didn’t Oracle get denied funds from banks when they went to fund more DCs?
Oracle goimg broke would make me orgasm so hard I would probably break something in me.
“Wait, so you’re not going to help us eliminate most of our media staff? We’re out.”
I recently stopped working as a developer for Disney, and even if this deal is gone for using their IP in AI, they’re still really big on AI at the moment. From the C level there was a push for everyone to be using it as much as possible. Everyone needed to be showing how much they were integrating it into their workflows.
Breaking: Film company breaks ties with other company after they stop doing film stuff. More at 11.
SalamenceFury@piefed.social 2 weeks ago
I can’t wait to see the stock market tomorrow morning. It’s gonna be carnage. Let the bodies hit the floor.
SpaceNoodle@lemmy.world 2 weeks ago
Don’t hold your breath.
But also, don’t be surprised.
cronenthal@discuss.tchncs.de 2 weeks ago
The markets have completed their transition into a casino, no predictions are possible anymore.
pHr34kY@lemmy.world 2 weeks ago
It needs to function like a casino so that Trump can bankrupt it.
Duke_Nukem_1990@feddit.org 2 weeks ago
Nah you just need to get intel on who cheeto president is bombing next so you can bet on oil before it happens.
ripcord@lemmy.world 2 weeks ago
Market still shows pretty up in pre-trading
cmbabul@lemmy.world 2 weeks ago
The markets ceased being rational like so long ago
REDACTED@infosec.pub 2 weeks ago
Disney or sora really wasn’t that big of a deal in AI. Open ai is probably right to shift focus to coding
maplesaga@lemmy.world 2 weeks ago
Its horrible, a wave of green, the color of witches.
FEIN@lemmy.world 2 weeks ago
shouldn’t it be red if a service is getting shut down? thats negative i assume