this post was submitted on 24 Jul 2024
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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OpenAI could lose $5 billion in 2024 (pivot-to-ai.com)
submitted 4 months ago by dgerard@awful.systems to c/techtakes@awful.systems
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[–] luciole@beehaw.org 20 points 4 months ago (2 children)

The big men educated in Finance would probably scoff at my ignorant remark, but anyways here goes: isn’t this the modus operandi of these massively swollen tech "startups"? Spotify for example has been operating at a loss for what, 15 years?

Something like:

  1. screw people over
  2. get funding
  3. bleed money
  4. ???
  5. get more funding
[–] V0ldek@awful.systems 14 points 4 months ago

I'd expect the current interest rates make it a less viable strategy.

Also, money is fake but I'd expect there's a limit to just how many billions you can burn before you can't get away with it.

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