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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish ·
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6 days ago

Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn

www.ft.com

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  • cross-posted to:
  • [email protected]
  • [email protected]
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Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn

www.ft.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish ·
edit-2
6 days ago
message-square
16
link
fedilink
  • cross-posted to:
  • [email protected]
  • [email protected]
  • [email protected]
  • [email protected]
Oracle is already underwater on its ‘astonishing’ $300bn OpenAI deal
www.ft.com
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AI’s circular economy may have a reverse Midas at the centre

https://archive.ph/uLke9

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  • happybadger [he/him]@hexbear.net
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    6 days ago

    What if we invested $300B in something that people only use because it’s free and arbitrarily replaced the better things we used to use because they were free? What if we built the computing capacity to produce even more of the shitty thing people increasingly don’t like? What if we invested in the thing that will need to charge people for using it, but that also robs those people of their job so they have no expendable income? cap-think

    • durduramayacaklar@lemmygrad.ml
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      5 days ago

      Sounds like a solid plan for bourgeoisie

  • musicpostingonly [he/him, any]@hexbear.net
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    6 days ago

    Oracle.

    Fuck oracle. Fuck Larry Ellison. Lose more.

    • Beaver [he/him]@hexbear.net
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      5 days ago

      It would be so fucking sick if Larry Ellison lost everything.

      • Что_такое_любовь [any]@hexbear.net
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        5 days ago

        I misread that and thought you said you would be sick if Larry Ellison lost everything and now I’m imagining an uninvested guy who gets physically ill thinking about billionaires losing their money

      • spudnik [he/him, they/them]@hexbear.net
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        5 days ago

        Just walking around with no shoes wearing a barrel on suspenders timmy-pray

  • Thordros [he/him, comrade/them]@hexbear.net
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    5 days ago

    Welcome to Who’s Economy Is It Anyway?, the world where everything is made up and the currencies don’t matter!

  • KnilAdlez [none/use name]@hexbear.net
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    6 days ago

    Wow, it’s like going all in on the tech no one wants ran by a pathological liar wasn’t the best idea.

  • BodyBySisyphus [he/him]@hexbear.net
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    6 days ago

    Forbes just published an article today about how how nuh uh it totally isn’t a bubble, so uh guess we’ll see how it plays out.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      6 days ago

      🤣

    • JohnBrownsBussy2 [she/her, they/them]@hexbear.net
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      5 days ago

      It’s Forbes.sites, i.e., a blog post and not an actual article edited by Forbes.

      • BodyBySisyphus [he/him]@hexbear.net
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        5 days ago

        They did give it the editor’s pick flair though.

  • marxisthayaca [he/him,they/them]@hexbear.net
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    5 days ago

    Get fucked lmao

  • LocalOaf [they/them, she/her]@hexbear.net
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    5 days ago

    stonks-down

  • JustSo [she/her, any]@hexbear.net
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    5 days ago

    lmaooo

    party-sicko

  • jack [he/him, comrade/them]@hexbear.net
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    5 days ago

    It’s gonna be soooooo satisfying to watch this bubble pop

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