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Champoloo [he/him]@hexbear.net to technology@hexbear.netEnglish · 2 days ago

Oracle made a $300 billion bet on OpenAI. It's paying the price.

finance.yahoo.com

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Oracle made a $300 billion bet on OpenAI. It's paying the price.

finance.yahoo.com

Champoloo [he/him]@hexbear.net to technology@hexbear.netEnglish · 2 days ago
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Investors are wary of Oracle's reliance on OpenAI.
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  • jackmaoist [none/use name]@hexbear.net
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    2 days ago

    Imagine spending $1.4 Trillion for hardware over 8 years that will be outdated every 2 years so it’s like spending 150 billion dollars annually on a 20 billion dollar revenue with zero profit. This is when the user base is declining and people have started hating Sam Altman full time.

    Bubbles used to be believable.

    • segfault11 [she/her, any]@hexbear.net
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      2 days ago

      that GPU loses half its value the moment you drive it off the lot

  • FortifiedAttack [any]@hexbear.net
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    2 days ago

    Fuck Oracle, I hope it goes bankrupt

  • FnordPrefect [comrade/them, he/him]@hexbear.net
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    2 days ago

    It really seems like they should have seen that coming catgirl-smug

  • segfault11 [she/her, any]@hexbear.net
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    2 days ago

    they could have asked chatgpt if this was a good idea smh

    • chgxvjh [he/him, comrade/them]@hexbear.net
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      2 days ago

      The honest answer is we have no idea. We have never made any revenue. We have no current plans to make revenue. We have no idea how we may one day generate revenue. We have made a soft promise to investors that once we’ve built this sort of generally intelligent system, basically, we will ask it to figure out a way to generate an investment return for you. [audience laughter] It sounds like an episode of Silicon Valley, it really does, I get it. You can laugh, it’s all right. But it is what I actually believe is going to happen.

      • segfault11 [she/her, any]@hexbear.net
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        2 days ago

        bro got high on his own supply 🤦‍♀️

      • jack [he/him, comrade/them]@hexbear.net
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        2 days ago

        These people think humans are incredibly stupid because they can’t conceive of anyone different from themselves

        • chgxvjh [he/him, comrade/them]@hexbear.net
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          2 days ago

          He got his investments.

          • jack [he/him, comrade/them]@hexbear.net
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            No, what I mean is thinking that AGI will be able to come up with conceptual solutions to problems that humans haven’t yet like “how does this make money”.

  • infuziSporg [e/em/eir]@hexbear.net
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    2 days ago

    larry ellison retire binch

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