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OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates (archive.ph)

submitted 1 week ago by sundray@lemmus.org to c/nottheonion@lemmy.world

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cross-posted from: https://piefed.social/c/technology/p/1510557/openai-needs-to-raise-at-least-207bn-by-2030-so-it-can-continue-to-lose-money-hsbc-esti

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[–] hayvan@feddit.nl 4 points 1 week ago

I want openAI to go bankrupt much as the next guy, but even without them this GenAInand LLM shit is here to stay I'm afraid.

Nvidia, Google, Microsoft, Oracle are all highly profitable companies with cash to burn, so the best case we can hope for is for the hype to die and the investments to slow down.

Currently the whole system is kept alive with pure hype. AMD and OpenAI make a deal, if certain conditions are met OpenAI can buy AMD stocks for a penny a piece (if they buy this many chips etc) but just with the deal becoming public their stock prices jump up. There is no business done here yet, no revenue made, but the expectation of it is enough to bring in techbro and financebro money.