Sam Altman will became the poorest man in the world with 218B debt.
Oh sweet summer child, he will have no personal debt on failure, only personal profit on success.
🎵 It’s the maaagic of capitalism! 🎶
They will just do IPO and get trillion dollar valuation, and poof, they are profitable.
Ad-apalypse is coming, they will squeeze all the pennies from your data and prompts. Personalized ad response to prompt.
If you have no soul, get ready to buy malware ads to bad JS libraries suggested by AI, filled with crypto miners and crypto stealers
Remember kids, this is capital being offered to create a monopoly (in the sense of creating a non-free market/environment with users mostly not having a choice/being forced to use AI), not for innovation or some intrinsic added value.
“If we can just make an AI that can overthrow humanity it won’t matter how much cash we burn!”
Anyone else have this unsettling feeling we are in the hibernation period of “If Anyone Builds it, Everyone Dies”? The post containment breach but pre openly operating phase. Is there some force pushing more resources towards AI than is rational? Is this bubble human greed and stupidity, or is there something else at play?
I thought about it for a while and decided, nah. It’s easy to dismiss offhand that these people are just stupid, but if you think about it a bit longer, these people aren’t just stupid, they are really, really, really, stupid. The model architecture is bad, the data is poisoned, improvement is O(data^2), and performance gains stalled in 2024. No AGI in sight or even a viable method of getting there.
They looked at these charts and thought, the others spent a lot of money, then made a lot of money. If we spend a LOT of money, we’ll make EVEN MORE!
Why don’t we put up the WeWork or MoviePass charts hmmm?
I dont understand anything from this. Can someone explain?
Cashburn is like projecting profit but instead of profit you are just going to burn the pool of money you have so much your profits won’t mean anything. Anything black on this line is profit, red is cash burn. All companies start in a cash burn state, but if you look at the ones listed, the initial cash burn when they launched was relatively small.
OpenAI is planning to burn more money than most of them profited.
9.3 billion isn’t small. 218 billion is just stupid.
I could be completely wrong here, but it looks like the chart is comparing companies that go into debt to get started, and then make back that profit once their service/product is out there. OpenAI presumably has made zero profit yet, so they’ve only accomplished going $218B in debt.
This chart ugly
It may be ugly but it isn’t too confusing
