110 billion more pumped into a company with no sustainable business model in sight

https://lemmy.world/post/43655723

110 billion more pumped into a company with no sustainable business model in sight 🫧

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And also all the military contracts that Anthropic will no longer take
I think the AI porn market might go somewhere. The internet is for porn after all.
I mean, Grok IS the world’s largest source of CSAM, after all, and we know how much Republicans love that.
Nope, it’s a 110 billion IOU…there is no money being passed around. That’s why when this pops. It’s gonna be grizzly.
at first its a pimple, but now its a boil, and growing to a bigger infection, once it pops it will reach the bloodstream.
$110b pumped into a company that’s literally never made a cent.

OpenAI has made revenue.

It hasn’t made profit.

ā€œšŸ¤“ā˜ļøā€ everyone knows what they mean
OpenAI literally makes billions of dollars.
Yes they do, but when someone says ā€œthats never made a centā€ they dont mean revenue, they mean profit.

when someone says ā€œthats never made a centā€ they dont mean revenue, they mean profit

No. The statement is ambiguous. I provided clarification.

A counter example to prove my point. No-one claims that Uber has never made a cent.

the hype is the business. scams can be business models.
How much more will DoD pump into it now?
The merry go round of capital continues.
just the three biggest companies sinking $110 billion into a company that’s never made a profit what bubble
and that’s just the teeny-tiny tip of the economic circle jerk that’s going on.

We are grateful for the support from our partners and have a lot of work to do to bring you the tools you deserve.

What about the ram and storage I deserve?

Naaaa you think you deserve that but in reality you don’t need that. You’ll soon see how their products and tools make ram and storage redundant for you. I’m sure
They’ll have you subscribe to their RAM and storage.

Exactly. Nobody asked for AI.

What we ask for is cheap storage and RAM.

They are taking away something we want, and replacing it with something we don’t want.

What we ask for is cheap storage and RAM.

eh, I look at as: we already paid for cheap storage and ram, but the AI buildouts are gobbling those markets up instead of creating their own supply chains.

The people that didn’t have a chance to buy cheap storage and RAM yet didn’t pay for it, did they? Not everyone bought components before the shortage. I bought a whole beast PC, so I was lucky, but not everyone had such timing.
So anyway, I pumped one of the biggest bubbles in history again
Can someone that lies better than me start-up a fake AI Company that’s real purpose is to take all the memory and chips they have access to and sell them at a loss to normal people? Not only would the prices come down , but we’d be actively screwing over all these giant companies that invested.
For that matter, how much does it cost to start a RAM manufacturer?

Ballpark $100,000,000,000 and five years per factory.

Modern semiconductors are very complicated to produce.

A hundred billion? I don’t actually know, but that seems too high. I’ve worked as an automation engineer in a bunch of factories and know that you can get a fairly complex fairly large factory for 9 figures. I know semiconductors are complicated but so are a lot of things. I’d guess it’s closer to a billion depending on scale/size/location.

5 years to start up a factory is fast, but doable.

This came from looking up how much people are currently spending to build a ram fab. It’s worth remembering that the tools used are very complex and are also impacted by the massive spike in semiconductor prices.

blackridgeresearch.com/…/tsmc-arizona-fab-united-…

eteknix.com/micron-begins-construction-of-its-mas…

tomshardware.com/…/intel-delays-usd100-billion-oh…

They’re quite literally making some of the most complicated and intricate things on the planet.
The vast majority of the cost is tools, and when the price of those spikes due to shortage the cost goes up insanely fast.

Cost estimates from even a just a few years ago have the cost being $10 to $20 billion.

TSMC Arizona Fab: USD 165 Billion Semiconductor Project

Explore TSMC Arizona Fab 21, one of the largest semiconductor projects in the US. Learn about its investment, process nodes, fabs, key customers, contractors, and future expansions.

Market Research Company - Blackridge Research & Consultingā„¢
What could it cost…$10?
And how much of that 110 billion is real money and also isn’t just rotating money that OpenAI sent to them?

Its not 110 billion up front. Its setup to hit 110 billion in basically 3 stages if they hit certain metrics like AGI or going public.

The first stage is something like 40 billion based on reports. Still a fuckton, but as usual altman is hyping sokething that hasent actually happened.

I wish I could attach a generator to this circular flow… unlimited powaaaah
Unlimited Money Glitch
I think that’s what Jensen think’s he’s got
Hey, what if no money is real money. Then what?
As long as I can still exchange mine for goods and services, I’m fine playing pretend. It’s not the silliest thing I pretend on a regular basis.
Hopefully he’ll die painfully ā˜ŗļø
Let’s not hope but make ā˜ŗļø

110

Billion

Dollars

The price wizard has spoken
The PriceMaster (full version)

YouTube
ā€œThe tools you deserveā€, lol. I’m sure they’ll get exactly that.
I feel like we are already getting exactly that.
Lucked out and got some to fill my empty slots for about the same I paid when I built the PC a year or so earlier. All the same, fuck this timeline.
Nvidia buying more of their own GPUs. Definitely not a bubble, just kind of circle shaped

Look, it’s simple. In capitalism it works like this:

Money = more money

Society = money

You = society

More society = more money

Society = more money

Thank you for your attention to this matter.

the tools you deserve

What did we do wrong to deserve this?

Letting the South live after the civil war.
The tools we deserve/need are cheap. A few pieces of wood and an angled blade.
Honestly we can get the same effect with one large ax and a stump.
I dunno… that requires some training to operate, and it’s REALLY horrid when you miss…
Also it puts up less of a show.
…not if you miss horridly enough.

Two large pieces of wood, and a few 9-inch nails.

Per billionaire.

An AR-15 is now cheaper than 64 gigs of RAMā€¦šŸ¤”
I think this is just negging.
NVidia, AWS, and SoftBank are all involved in data center construction. Wonder how much of the $110B are essentially ā€˜store credits’ that just cycle back to them?
they are peddling to india apparently, where modi is giving them a free place to build, because the states is showing some resistance.