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Elon Musk’s xAI Is Reportedly Burning Through $1 Billion a Month

⁨27⁩ ⁨likes⁩

Submitted ⁨⁨22⁩ ⁨hours⁩ ago⁩ by ⁨realcaseyrollins⁩ to ⁨finance@thelemmy.club⁩

https://gizmodo.com/elon-musks-xai-is-reportedly-burning-through-1-billion-a-month-2000617458

Musk's new AI business is a cash-hungry monster.

https://gizmodo.com/elon-musks-xai-is-reportedly-burning-through-1-billion-a-month-2000617458

Comments

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  • Schwim@lemmy.zip ⁨22⁩ ⁨hours⁩ ago

    At this rate, he’s going to be broke in just a couple of hundred years.

    source
    • n3m37h@sh.itjust.works ⁨21⁩ ⁨hours⁩ ago

      With the tesla stock in steep decline hopefully he will be broke by the end of the year

      source
      • pelespirit@sh.itjust.works ⁨21⁩ ⁨hours⁩ ago

        He’s supposed to be over-leveraged, but he does have Saudi Arabian buddies that might bail him out for awhile. He might go the My Pillow Guy route though too. Idk if he still has a base after the nazi salute.

        source
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    • realcaseyrollins ⁨21⁩ ⁨hours⁩ ago

      This rate seems to be about twice as much as the rate OpenAI spends, so the company will go broke about twice as quickly as OpenAI does.

    • wirebeads@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

      Not if you say “thank you” after every reply.

      Help it burn through more cash with politeness and cpu cycles.

      Fuck Elon.

      source
  • wise_pancake@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

    This guy is terrible at running profitable businesses and somehow Amazon at raising funds.

    I don’t get it.

    source
    • realcaseyrollins ⁨21⁩ ⁨hours⁩ ago

      I don't think money is his goal, he's doing this mostly for fun.

      Well, most of his companies, I think, he runs for fun. Now SpaceX and Starlink, I think he does for altruistic purposes.

      • nightwatch_admin@feddit.nl ⁨21⁩ ⁨hours⁩ ago

        Did you drop this /s?

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  • Kowowow@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

    How much money dose it cost to make an ai not “woke” anymore?

    source
  • QuantumTickle@lemmy.zip ⁨21⁩ ⁨hours⁩ ago

    Somebody should take a machete to all that fraud. Surely there’s a trade imbalance somewhere that needs to be tariffed.

    /s but only a little

    source
  • SplashJackson@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

    Maybe give me some of that

    source