Tracking the demise of OpenAI. Is it dead yet? Check here to find out.
  • givesomefucks@lemmy.worldEnglish
    90·
    4 days 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…

    • Nollij@sopuli.xyzEnglish
      262·
      4 days 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.

      • scarabic@lemmy.worldEnglish
        3·
        2 days ago

        Thanks for noting this. People get all gleeful without knowing how connected everything is. The other thing I like to remind them is that fatcat bankers aren’t the only ones invested in the stock market. Regular people with 401ks or college savings set aside for their kid are exposed as well.

    • Mwa@thelemmy.clubEnglish
      2·
      3 days ago

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

    • devfuuu@lemmy.worldEnglish
      71·
      4 days ago

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

    • baggachipz@sh.itjust.worksEnglish
      19·
      4 days 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.

      • Taldan@lemmy.worldEnglish
        12·
        4 days 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

  • biggerbogboy@sh.itjust.worksEnglish
    4·
    4 days 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.

  • ulterno@programming.devEnglish
    1·
    3 days 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.

  • niceusername@lemmy.mlEnglish
    41·
    4 days 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.