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Technology@lemmy.worldEnglish · 6 days ago

AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

eicker@lemmy.world to

Technology@lemmy.worldEnglish · 6 days ago

AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure in Leaked Documents

It turns out that AI demand is significantly lower than expected, as OpenAI shaves $20 billion off its revenue expectations for 2026.

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Markets can remain irrational longer than you can remain solvent.

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