This page permanently redirects to gemini://gemini.techrights.org/2023/08/19/rise-and-fall-of-gai-hype/.

● 08.19.23

Gemini version available ♊︎

●● The Rise and Fall of ‘Open’AI

Posted in Deception, Finance, Microsoft at 7:51 pm by Dr. Roy Schestowitz

Even Microsoft-sponsored sites openly admit it’s “hype”:

=> Microsoft-sponsored

Image: Microsoft-sponsored: This week in enterprise: Gen AI hype, cybersecurity leaders and laggards, and Cisco’s tech spending boost

It’s still proprietary, centralised, and unprofitable:

Image: sam-altman-on-if-chatgpt-will-be-free-forever-v0-3bn3t7tp254a1

Back in 2019 it was a small startup (living off the backs of other people’s capital):

=> ↺ Back in 2019

Image: 'Open'AI in 2019

This past summer it’s failing commercially and the number of users falls at double-digit (percent) rates:

Image: 'Open'AI this summer

Summary: Some ‘evil tongues’ in the media has begun speculating about ‘open’ (closed) AI shutdown and bankruptcy within months; alarmingly, the paid-for media hype (FOMO marketing tactics) is not sustainable, nor are the huge bills that the company sinks in (the “deal” with Microsoft was about faking "demand" for Azure, or as one might frame it, Microsoft basically buying Azure from itself to make media chaff and distract from mass layoffs of unprecedented scale)

=> closed | shutdown and bankruptcy | not sustainable | faking "demand" for Azure | mass layoffs of unprecedented scale

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.

Permalink > Image: Mail

 Send this to a friend

=> Permalink | ↺ Send this to a friend


=> Techrights

➮ Sharing is caring. Content is available under CC-BY-SA.

Proxy Information
Original URL
gemini://gemini.techrights.org/2023/08/19/rise-and-fall-of-gai-hype
Status Code
Success (20)
Meta
text/gemini;lang=en-GB
Capsule Response Time
280.378382 milliseconds
Gemini-to-HTML Time
0.668369 milliseconds

This content has been proxied by September (ba2dc).