eicker@lemmy.world to Technology@lemmy.worldEnglish · 5 days agoAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comexternal-linkmessage-square379linkfedilinkarrow-up1959arrow-down122
arrow-up1937arrow-down1external-linkAI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 5 days agomessage-square379linkfedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·3 days ago massive drop in revenue expectations This is still future predictions. The pop happens when the bonds cannot be repaid. On September 21st OpenAIs sponsor, BB+ issuer Softbank, placed an $11 billion single bond sale to fund an AI infrastructure bet, and it was oversubscribed. The bubble is still inflating.
This is still future predictions.
The pop happens when the bonds cannot be repaid.
On September 21st OpenAIs sponsor, BB+ issuer Softbank, placed an $11 billion single bond sale to fund an AI infrastructure bet, and it was oversubscribed.
The bubble is still inflating.