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

3 days ago by eicker to c/technology

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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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kreskin 52 points 2 days ago

After the initial dot com boom and bust (remenber pets.com?) I remember being told laptops and desktops were dead and we'd all be using tablets. Metaverse, google glass, self driving vehicles real soon, theranos will transform health care, NFTs, crypto. And now AI. Its all just a repeating toilet bowl swirl of empty speculation, exactly like a casino. And not a single one of those things came to much. I wonder if AI will leave much progress behind when it implodes. Maybe this time itll be different?

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atrizzy 2 points 2 days ago

I hope you are right .

But i just read and article suggesting that new university students "cant imagine " writing a 5 page paper without AI chatbots...

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