this post was submitted on 28 Oct 2025
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OpenAI valued at $500B in new deal with Microsoft — too big to fail? (www.reuters.com)
submitted 3 days ago by butterycroissant@lemmy.world to c/technology@lemmy.world
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With OpenAI hitting a $500B valuation, is there even any fair competition left for smaller AI companies?

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[–] shirro@aussie.zone 6 points 2 days ago* (last edited 2 days ago)

While there is a huge amount of circular money happening because it's all a financial scam, it is inflating share prices which are invested in by lots of institutions so when the bubble bursts and those shares are worthless a huge amount of wealth will be wiped out and the suffering will be very widespread hurting regular people.

The billionaires won't be the ones queing for food. Hard to see much glee ahead unfortunately.