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Wait where the fuck is OpenAI getting $19bn from?

The Information@theinformation.com

Exclusive: OpenAI and SoftBank each are committing $19 billion to fund Stargate, an joint venture to develop data centers for artificial intelligence. Read more from Natasha Mascarenhas and Amir Efrati 👇

Oh my god, this is completely ridiculous. OpenAI will raise another $19bn in debt/equity? This company loses $5bn+ a year! So what, they raise $19bn for Stargate, then what, another $10bn just to be able to survive? Do I really have to talk about this with a straight face?

I'm old enough to remember the last time OpenAI was pledging to build a big stupid supercomputer called Stargate. Nobody wanna talk about this? How stupid this shit is? How absolutely stupid all of this god damn generative AI shit is? www.wheresyoured.at/bubble-troub...

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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

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.