The more I learn about finance the angrier it makes me.
Comment on OpenAI might torch $14 billion in 2026, hitting bankruptcy by next year
supersquirrel@sopuli.xyz 3 days ago
Finance people are honestly so willfully stupid and blinded by their beliefs about economics, the writing has been on the wall for awhile now for AI.
zqwzzle@lemmy.ca 3 days ago
MotoAsh@piefed.social 3 days ago
b-b-bbut, but it’s not a bubble! It’s just four megacorps cycling money around between them while they tell everyone the profits will happen any day now! Just as soon as those dumb users start paying for a product we’re giving away for free right now… yea, it’s all those dumb users’ faults! If everyone would just keep giving us money with no tangible returns, we’d already be in the black!
Thedogdrinkscoffee@lemmy.ca 3 days ago
Finance people who understand the system don’t make the money on the assets, but on their trade. They really don’t care up or down or implode.
“Investors” who buy “assets” in a deregulated environment like this are just moronic gamblers in a liar’s casino where the only axiom is “Everybody cheats”.
belated_frog_pants@beehaw.org 3 days ago
Its a pretty willfully nefarious game of hot potato and they are very willing to keep it going as long as possible.
Then we get “too big to fail” so they can be bailed out with social funds instead of going down in flames for gambling.