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'It's going to be really bad': Fears over AI bubble bursting grow in Silicon Valley (www.bbc.com)

submitted 3 days ago* (last edited 3 days ago) by along_the_road@beehaw.org to c/technology@beehaw.org

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[–] protist@mander.xyz 40 points 3 days ago (3 children)

Some people aren't mincing their words about it either, calling the deals "circular financing" or even "vendor financing" - where a company invests in or lends to its own customers so they can continue making purchases.

"Yes, the investment loans are unprecedented," Mr Altman told me on Monday.

But, he added, "it's also unprecedented for companies to be growing revenue this fast."

OpenAI's revenue is growing quickly, but it has never turned a profit.

[–] prex@aussie.zone 27 points 3 days ago (1 children)

[–] umbrella@lemmy.ml 4 points 2 days ago

see, not a pyramid.

[–] HK65@sopuli.xyz 16 points 3 days ago

The revenue is still less than that of Clash of Clans or Candy Crush. And it is mostly coming from the companies involved in the shell game as well.

[–] MagicShel@lemmy.zip 9 points 3 days ago

From my experience, OAI may be the public face of AI, but Anthropic is murdering them in coding capability and cost - as in my company pays more in a week for me to use Claude than I would've paid in a month to use the top OAI API. (Actually I paid 1/10th that because I couldn't afford that for what was essentially just a toy for my discord users—I wasn't using it for development.) It really puts things in perspective when I can see in Cline the running totals for each task.

Of course, I have no idea what the operating costs are.