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OpenAI is a money black hole

Yeah obviously, but pretty much every dumb ass reporter went with the 500 billion dollar Trump investment story, like that was even remotely credible.

The $50 billion in NIH funding that was just frozen?

how long do you think they can keep this ponzi scheme going for before the wheels fall off, do you reckon

money printer go brrrrrrrrrrrrrrrr

It's coming from their arse, isn't it?

i assume the answer is always “the saudis” but this seems like an egregious waste of money and time even for them

Meh, SoftBank’s 2 largest holdings are T-Mobile and NVIDIA. You can make a lot of dumb investments after that.

Shhhh let the bubble grow and grow and grow

It should be illegal for them to call that shit Stargate

Who's got the "Another 20b to Israel" Patrick meme?

5.0 does a great job telling you how to turn $100 into $19B. Coming soon.

Probably from all of the cuts being made to US government services

They're gunna get bailed out by Trump after the crash in 2026 aren't they?

Also, why are they calling their giant data centre Stargate… did they even watch it?! 😝

Yes but the energy costs are so high they lose money even on the highest cost tier.

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Maybe they got in early on $TRUMP 🤷‍♂️

Yes, while wearing Joker makeup possibly, sir.

en.wikipedia.org/wiki/Emergen...

I know private equity is dumb as fucking bricks but where are they actually drumming this money up from? This isn't 2018 with zero percent interest rates, investment money is actually expensive these days.

This was, perhaps, their “straight face.”

sci fi magic beans.

Absolute scam

Think that’s enough to cause Wall Street to… re-evaluate its position on AI?

Elizabeth Holmes is spinning in her jail cell rn

I have no idea if DeepSeek R1 is what it appears to be. But if it is, it potentially puts at risk hundreds of billions of dollars in investments by OpenAI and others. The AGI pyramid is showing cracks. The risk is that the entire ‘scaling is everything’ approach could soon crumble.

Gotta be honest, I thought they were getting it from taxpayer money at this point.

I am in debt and would like to be able to raise 19 billion dollars. How do I do this please?

masayoshi son is addicted to losing insane amounts of money

I'm sure one of them will steal "Matrioshka" at some point soon for one of these. At least "enshittification" is fairly safe :D :(

Too much stupid money around. The Tech companies are pouring billions upon billions into AI, which will hit short & medium term earnings with having any clue about whether they can make any money from selling products in the future. If widespread job losses occur, who will have $$ to buy th produc

You could visit 1955 twice with that many gigawatts!

oh it's the dumbest, but also a really neat way to do laundry

LOL they are expecting to buy fusion energy from helion company. They are totally out of contact with the reality.

Wasn't that, like, last year? Or do they propose to build something ridiculous named for something in mainstream sci-fi every year?

Huh, right there when it was announced even...

I've been reading insanity all day for the last 3 days. So I am in dire need of cracking a joke: Stargate brought us the Replicators and the Goa'uld.

Remember when Bitcoin was described as astrology for men? We have a new contender. And monetize, monetize, monetize…

What else would you expect from The Stupidest Timeline in which we live?

Bets on for who will be absorbed into who at a token purchase cost with the monumental debts being consigned to history....

I hope it's for building a real Stargate and not a LLM who generate shitty cooking recipes.

Ed, I occasionally tease Molly Conger for the suffering she endured for the sake of creating content. But you being forced to constantly monitor the hilarious saga of OpenAI may be the closest to a Promethean “having your liver devoured daily” scenario I’ve ever seen another person experience.

And Deepseek are eating their lunch on like 1% of the budget. It's crazy.

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You've gotta spend money to lose money. This is simple business school shit. They've got it in all the textbooks next to "every purchase is a sale" and "profit = revenue - costs"

Meanwhile deepseek is releasing competitive products that cost almost nothing comparatively.

At this point I will assume some sort of money laundering is taking place.

Founders: why can’t I raise money right now OpenAI: taking in giga billions in funding every other month 🤔

Probably the same way Musk keeps stealing names from commons SciFi (and probably then trademarks them). If they can't come up with a good idea, they'll at least steal the name of something cool someone genuinely creative came up with.

I want them to implode and take the whole AI bubble down with them so badly.

This seems like a ramping up of the warning signs that OpenAI won't be profitable? Like they just gotta keep digging or confess they got nothing and the bubble pops.

Current admin is going to bail them out.

To be fair, a datacenter investment would at least create sonething of tangible value.

So, $38B. That amount of money could instead be spent to reduce America's current energy usage by about 12 Gigawatts which is ~65% of the power produced by the Three Gorges Dam. Instead, it's going to be used to build machines that consume water and electricity at unsustainable rates.

Bernie Madoffing very strongly.

their AI finance model said they had plenty of ready cash

I assume they borrow it from SoftBank :-)

Down the back of someone's sofa.

Just wait a year, then they'll call it necessary for military purposes and can get endless billions from taxpayers via the defense budget.

I really need to start running my household finances like this apparently.

In this period of US history, words like 'commit' are quite hollow

After many decades they finally found a third thing we're allowed to spend government money on besides corn subsidies and the military. Schooling is still a pie in the sky thing, ofc.

Probably the British government. They're determined to sell us all off to the AI companies at the moment.

Elon's been tweeting that the money isn't actually there for this deal. Is Elon a trustworthy source? No. Is Sam Altman? Also no.

…the power of friendship?

When I breezed past this headline on the way to the ten thousand other headlines this week I mistakenly thought openai was RECEIVING that money. I thought that that was sad, but this is fucken bonkers in a what the shit salad.

Who on earth would trust their data in this data center? Trump Inc will be siphoning it off for their own IP.

idk crypto currency?

Taxpayers, I would guess.

It’s a $500B effort Fuhrer King Trump wants, Musk is against it financially and Microsoft and Altman say they are funding at least a portion of it Seems like there is a little trouble at the Fascist AI paradise

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Damn, those AI-powered tulips must really quite be something special...

I think it's probably the wrong way around, OpenAI will leech 16bn from the gravy train that is Stargate

At this point they're going to invent magic before they ever invent AGI.

Stargate... SkyNet whatever

American social safety nets.

SoftInthehead, more like.

Can’t build out the renewable energy to run the damn stuff, but they can put it on our backs to sacrifice our energy security and fresh water for them? Very few jobs. They like that. Less human mess, more profit. But we will pay.

Maybe it‘s in stocks at a crazy valuation.

It’s a massive bubble

Suckers.

You know where.

Is this why they’re proposing to buy crypto with the gold reserves? Then they can use the gold to fund this shit? Can I make a prediction? DOGE will bankrupt America by investing all the tax dollars in AI.

the gubbment is getting into the ai grift now

The OpenAI people asked OpenAI "How much money do we have" and OpenAI replied with "$19 billion dollars and six rummage apple sardine rolling." They ignored the second bit since that's obviously wrong data.

money is words and promises when enough people know you