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OpenAI could be on the brink of bankruptcy in under 12 months, with projections of $5 billion in losses
(www.windowscentral.com)
this post was submitted on 28 Jul 2024
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It’s crazy how much of the American tech industry are all these unprofitable endeavors being propped up by investors with no hope of profit in the near future. I feel like it is going to end with a DotCom bubble bursting but a million times worse.
The whole VC based startup culture is basically just a giant pyramid scheme. Initial investors pump the company, and subsidize the losses until they can get the IPO. Then they sell their shares at the peak, and other suckers are left holding the bag for a company that has no viable business model.
billionaire bubble wrap