technology

23328 readers

368 users here now

On the road to fully automated luxury gay space communism.

Spreading Linux propaganda since 2020

Rules:

1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.

founded 4 years ago

MODERATORS

context@hexbear.net

EmmaGoldman@hexbear.net

SexUnderSocialism@hexbear.net

gaycomputeruser@hexbear.net

ZoomeristLeninist@hexbear.net

OpenAI Is A Bad Business (www.wheresyoured.at)

submitted 1 month ago by JRepin@lemmy.ml to c/technology@hexbear.net

10 comments fedilink hide all child comments

cross-posted from: https://lemmy.ml/post/21121074

OpenAI, a non-profit AI company that will lose anywhere from $4 billion to $5 billion this year, will at some point in the next six or so months convert into a for-profit AI company, at which point it will continue to lose money in exactly the same way. Shortly after this news broke, Chief Technology Officer Mira Murati resigned, followed by Chief Research Officer Bob McGrew and VP of Research, Post Training Barret Zoph, leaving OpenAI with exactly three of its eleven cofounders remaining.

This coincides suspiciously with OpenAI's increasingly-absurd fundraising efforts, where (as I predicted in late July) OpenAI has raised the largest venture-backed fundraise of all time $6.6 billion— at a valuation of $157 billion.

you are viewing a single comment's thread
view the rest of the comments

[–] BashfulBob@hexbear.net 8 points 1 month ago* (last edited 1 month ago) (1 children)

AI is really the last gasp of the USA in terms of trying to outpace the crisis of capitalism

People said this in 2020 during COVID and 2008 with the housing bust.

The US can outpace the collapse because it controls an international currency that commands trade markets. That's why we can just keep buying more widgets forever, for the next widget milling project to make fake economic activity.

The real thing that will kill the American economy is a collapse in the price of fossil fuels. But I wouldn't hold my breath on that one.

[–] Mardoniush@hexbear.net 1 points 1 month ago

I have a more rigorous analysis than this but it probably needs to be its own effort post.

Obviously this alone won't bring things down. But it is the last gasp of capitalism in its attempt to expand accumulation. Without "innovation" (ie. New openings for exploitation) the iron laws of the falling rate of profit begin to really bite