The leaders behind the funding, functionality, and media coverage of the tech industry have abdicated their authority so severely that the consensus is that it’s fine that OpenAI burns $5 billion a year, and it’s also fine that OpenAI, or Anthropic, or really any other generative AI company has no path to profitability. Furthermore, it’s fine that these companies are destroying our power grid and our planet, and it’s also fine that they stole from millions of creatives while simultaneously undercutting those creatives in an already-precarious job market.
Amazing, as always. That AI is . . . what it is.
Edward Zitron is always a fun read. Looking forward to checking out this post when I get back home.
OpenAI is CoreWeave. CoreWeave is OpenAI. SoftBank is now both CoreWeave and OpenAI, and if SoftBank buckles, both CoreWeave and OpenAI are dead. For this situation to work even for the next year, these companies will have to raise tens of billions of dollars just to maintain the status quo.
You’d think if that was easily disprovable, someone would want to do that.