It looks like OpenAI invented the concept of a pre-bailout. This really shows that there is significant innovation happening in the AI space.
CigInside on
So let me get this right: the tax payers need to be the back stop for an Open AI $1 Trillion loan guarantee to ensure that Open Ai will remain non Investible to the public while taking all the jobs.
OriginalTechnical531 on
Yes, clearly this isn’t a bubble, clearly they can become profitable, they just need more of our money, if they can’t get us to buy the product, then via the government using our tax money or printing money (so inflation).
Xeynon on
Cue Randy Jackson “that’s a no from me dawg” GIF.
These guys are exhibiting an insane amount of hubris. Insisting that AI is simultaneously a transformational technology that represents the most valuable economic innovation in decades and that it needs to be backstopped by public money is wild.
WhatRUsernamesUsed4 on
At 12 billion per year revenue, they could pay back the loan in 83 years lol. This would be incredibly stupid, and to me it’s a major sign that the usual source of funds are drying up. AI is not currently profitable at any scale. Fannie Mae would laugh me out of the building if I applied for a home loan with this debt to income ratio.
JustBrowsinAndVibin on
This is how you create a bubble.
Currently, OpenAI and Anthropic investors are holding the majority of the risk of their investments. Pretty much every public company is making a ton of money, maybe they pull back a bit but dropping 50% is unlikely since they have other businesses as well.
If Trump takes this deal, or even invests into OpenAI on behalf of tax payers, the risk spreads to America.
JDHK007 on
This represents everything that is wrong with where we are as a country. We, a population with inadequate housing, job, and healthcare opportunities, whose future, as a whole, will likely be compromised by AI taking our jobs, energy production, and businesses, are being asked to subsidize the nail in our own coffin. All to channel additional money to a few billionaires that don’t need it, at all. Given the current political leadership, it almost seems a fait accompli, as they will undoubtedly find a way to backdoor money to the current national leadership. So frustrating that half the country supports this shit
So_HauserAspen on
Will the AI take eating the rich from us too?
It’s a good thing we have all these data warehouses to help people to make money off of in the future. Like all that dark fiber and excess server inventory after the dotcom bubble. How many words are required for a post?
austinbarrow on
Tell me AI is a bubble without telling me AI is a bubble.
I’ll say it again for the word count …
Tell me AI is a bubble without telling me AI is a bubble.
9 Comments
It looks like OpenAI invented the concept of a pre-bailout. This really shows that there is significant innovation happening in the AI space.
So let me get this right: the tax payers need to be the back stop for an Open AI $1 Trillion loan guarantee to ensure that Open Ai will remain non Investible to the public while taking all the jobs.
Yes, clearly this isn’t a bubble, clearly they can become profitable, they just need more of our money, if they can’t get us to buy the product, then via the government using our tax money or printing money (so inflation).
Cue Randy Jackson “that’s a no from me dawg” GIF.
These guys are exhibiting an insane amount of hubris. Insisting that AI is simultaneously a transformational technology that represents the most valuable economic innovation in decades and that it needs to be backstopped by public money is wild.
At 12 billion per year revenue, they could pay back the loan in 83 years lol. This would be incredibly stupid, and to me it’s a major sign that the usual source of funds are drying up. AI is not currently profitable at any scale. Fannie Mae would laugh me out of the building if I applied for a home loan with this debt to income ratio.
This is how you create a bubble.
Currently, OpenAI and Anthropic investors are holding the majority of the risk of their investments. Pretty much every public company is making a ton of money, maybe they pull back a bit but dropping 50% is unlikely since they have other businesses as well.
If Trump takes this deal, or even invests into OpenAI on behalf of tax payers, the risk spreads to America.
This represents everything that is wrong with where we are as a country. We, a population with inadequate housing, job, and healthcare opportunities, whose future, as a whole, will likely be compromised by AI taking our jobs, energy production, and businesses, are being asked to subsidize the nail in our own coffin. All to channel additional money to a few billionaires that don’t need it, at all. Given the current political leadership, it almost seems a fait accompli, as they will undoubtedly find a way to backdoor money to the current national leadership. So frustrating that half the country supports this shit
Will the AI take eating the rich from us too?
It’s a good thing we have all these data warehouses to help people to make money off of in the future. Like all that dark fiber and excess server inventory after the dotcom bubble. How many words are required for a post?
Tell me AI is a bubble without telling me AI is a bubble.
I’ll say it again for the word count …
Tell me AI is a bubble without telling me AI is a bubble.