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[–] 130 points 6 months ago* (1 child)

Eighteen months? They have that much lifeline? Wow.

“This is wework on steroids”

The entire industry is wework, not just OpenAI.

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  • [–] 112 points 6 months ago (2 children)

    The thing is, OpenAI have been 18 months from running out of money since this bullshit all kicked off. Unfortunately, investors keep throwing piles of money at them.

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  • [+] 11 points 6 months ago* (last edited 6 months ago) (1 child)
  • [–] 10 points 6 months ago*

    A detail that I think needs to be clarified there; OpenAI doesn't actually have the money for those datacentres. What they're doing is convincing other people to spend money building datacentres, by promising that any day now they'll have so many people paying to use their services that of course they'll need more compute capacity than is currently on the entire planet just for their business alone, yeah, just trust me bro, it's a sure fire bet, you can't lose.

    And in turn, those investors are signing these big "letters of intent" that say "Yes, absolutely, we are building 100 billion dollars of compute, and don't worry about the fact that right now all we're doing is spending $10million on buying some land and doing a few feasibility studies because it definitely absolutely will be 100 billion very soon and that will make ten trillion in profit and we'll break the universe with how rich we are."

    And then US government goes "Here is 10 billion in tax breaks just for saying you will do this thing, you get to keep it even if you never actually spend any money."

    And then all the shareholders have a mass collective orgasm and money just spews out of their wallets.

    It's scams on scams on scams the whole way down. The whole thing is just juicing share prices.

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  • [–] 84 points 6 months ago (5 children)

    I worked with AI daily as a programmer and let me tell you something people aren't talking about.

    People are myopic about the way they are looking at this whole data centre rush. Its not about speeding up ChatGPT or anything so prosaic. What they are doing is building the compute infrastructure to integrate AI into everything.

    So what people need to realise is AI != ChatGPT. There are a plethora of different "AI"s that aren't LLMs. And a lot of those non-LLMs are VERRRRY good at what they do.

    They want to deploy a horde of AIs and apply them to all data sets, real-time or stored. They'll have AIs watching you drive, and fining you, they'll have marketing designed at warp speed tailored to fuck with you specifically. Recording conversations on the street and processing and aggregating them. They'll start to tie together government DBs and use AIs to mine them for information.

    They are automating control and power and im not seeing it talked about anywhere. They haven't even begun their fuckery yet.

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  • [–] 25 points 6 months ago (4 children)

    I'd like to add that this doesn't even necessarily have to be intentional.

    I'm certain the current bubble will pop sooner rather than later, but by that point (and today already as well), all the infrastructure, the data centers etc. will already have been built.

    And they will not just disappear.

    Some might be scavenged for parts to be sold off, but far more likely, I unfortunately think, is that governments will (be lobbied to) step in, and prevent the loss of hardware, of companies, and especially of jobs. They obviously won't start the money-burning, consumer-facing ChatGPTs & Co again, so what else can we do with all that hardware that's sitting there, looking for a purpose?

    Exactly the thing the person above me said. Implement the surveillance state at an unprecedented scale and speed, because those GPUs need SOMETHING to do, lest all that capital be wasted.

    There will be a bailout, and we'll all suffer for it.

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  • [–] 15 points 6 months ago (1 child)

    Social scores too. On all the video, on streets, in buildings, of every word captured, every web page visited, comment made. Half baked ai from the worst people like thiel will be giving social credit scores to secretly affect your job prospects, police and courts and government treatment, down to what results search engines show you, or prices that will flash for you specifically in digital price tags or online.

    Europe is doing this now too, under age controls, and chat control and preventing child abuse, by child abuse they really mean preventing dissent on israel first and foremost, but everythinf else too. Their politicians are surrendering their populations to tech for a cut of the info. All while a far right is tbe only real reform choice, making them inevitable and then too the dissolution if the eu, and fixung of elections. All because bs like this, and the cynical far right will just retool it for themselves make no mistake.

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    [–] 71 points 6 months ago (1 child)
  • [–] 58 points 6 months ago (1 child)

    Don’t do that. Don’t give me hope.

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  • [–] 55 points 6 months ago (1 child)
  • [–] 33 points 6 months ago

    Was that supposed to make me care? wish they ran out of money sooner.

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  • [–] 33 points 6 months ago (1 child)
  • [–] 22 points 6 months ago (3 children)

    You say that then the government will bail them out and the fed will be induced to underwrite their bonds, and or buy them in monetary easing, or like situations.

    Not for nothing either, the admin would extract concessions and payouts ffom opeai for it.

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  • [–] 28 points 6 months ago (3 children)

    Dont worry nvidia will give them a billion so they can pay nvida a billion for more gpu's. Its the circle of grift.

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    [–] 24 points 6 months ago* (19 children)

    OpenAI has been the weakest financial link for a while. Once it falls though... the whole thing implodes.

    Its difficult to know what it'll look like on the "other side" of the bubble popping. It'll be very bad though. Maybe afterward we'll be able to heal. Better be ready to fight... or hunker down.

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    [–] 24 points 6 months ago (1 child)

    1 like = 1 dollar removed from OpenAI

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    [–] 21 points 6 months ago

    Couldn't have happened to a better company! Hopefully, OpenAI does run out of money and because they've done fuck all with gassed up LLMs this failure will be a Dark Sign on a Hollowed Tech Corpse, showing that this is a futile venture. AI cannot be real, because they never put any real effort into it as in figured out what human consciousness actually is, invested countless years+cash into building an artificial brain that functioned like a human one for example. Or even better, ways to power and cool these data centers without threatening the world with ecological disaster. Also, not threatening the livelihoods of people in general and actively stealing their data.

    This bid for so called "AI" was just a get rich scheme that was never going to fulfill any of the hype or overpromising that Big Tech hope posting fuckwits and other shills promoted.

    I honestly wouldn't mind AI, if it lead to a Post Scarcity society like Star Trek. However, a bunch of Corporate Ghouls could never be trusted to steer humanity in that direction.

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  • [–] 21 points 6 months ago
    [–] 17 points 6 months ago (1 child)

    Does that mean the bubble is about to pop?

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  • [–] 17 points 6 months ago

    OpenAI all of a sudden

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  • [–] 15 points 6 months ago

    The sooner, the better.

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  • [–] 14 points 6 months ago (1 child)

    Could we maybe wait a couple of months? We're in that awkward and awful period where you buy a new house, fix up, and sell the old one. If you move this way, for a few months you own two houses. Can we just hold off on the whole economy collapsing for a bit longer?

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  • [–] 14 points 6 months ago (1 child)

    Onward the Butlerian Jihad!

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  • [–] 14 points 6 months ago

    If we could cause a mass wave of subscription cancellations we could finish them off. I know no on here is subscribing to them but if you know anyone else who is urge them to cancel their ChatGPT/OpenAI subscriptions. If you have the chance to provide feedback for why you canceled be sure to mention you're unhappy OpenAI donated $25 million to Trump and unhappy about the ads.

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  • [–] 13 points 6 months ago

    Have they asked the ai how to get more money? Or is the problem that they already asked and are all out of ideas?

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  • [–] 11 points 6 months ago (1 child)
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    [–] 11 points 6 months ago

    Please please please let this be true, pleaseeee.

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  • [–] 10 points 6 months ago

    If there was a such thing as a free market it would go bankrupt….unfortunately we have facist idiots at the helm so I’m sure they’ll bail it out by cutting the last shred of medicade or scrapping school lunches for the poor

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  • [–] 10 points 6 months ago

    Get ready for the mother of all short sales

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  • [–] 9 points 6 months ago

    Burst, you damn bubble. Burst!

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  • [–] 9 points 6 months ago

    Good! Excellent.. Wonderful news!

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  • [–] 9 points 6 months ago (1 child)

    Me: Plays "Speed the Collapse" at full volume.

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