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Posted in Deception, Finance, Microsoft at 2:34 am by Dr. Roy Schestowitz
Video download link | md5sum e6cc7d9a7507cb2233843b08fe98a05cControlled Media Hype Waves and End of OpenAI Creative Commons Attribution-No Derivative Works 4.0
http://techrights.org/videos/openai-bubble-imploding.webm
Summary: Merely starting and/or running some business does not mean that this business is a success and actually makes money (most businesses never make money and the vast majority will collapse in the first few years); if Microsoft officially buys “Open”AI (which is misleading; the money typically goes to the investor/s tolerating the losses — not to ordinary staff — and staff is considered a likely casualty, lucky to survive an acquisition, from which there’s no direct gain) it will be a major financial liability whose only potential upside is an over-hyped and computationally-overzealous gimmick (“Open”AI is a one-trick pony) which distracts from Microsoft’s ongoing destruction across many sectors
WE extensively covered loads of layoffs back in July, as expected since last year (based on leaks) and we had repeatedly said that all the “HEY HI” (“AI”) hype was intended to help distract from it. Microsoft probably shed off 20,000-30,000 employees so far this year, not counting (perma)temps and contractors. It's a bloodbath. In Bellevue alone Microsoft went down from ~9,300 employees to only 4,400 (that’s less than half).
=> loads of layoffs | based on leaks | It's a bloodbath
“It seems reasonable to predict “Open”AI’s bankruptcy and it won’t even take very long to happen.”
The video above discusses yesterday's post about the demise of "Open"AI (it’s neither Open nor “AI”; Alex Oliva called them "Stochastic Parrot" and Richard Stallman said something to the same effect).
=> yesterday's post | demise of "Open"AI | called them "Stochastic Parrot" | the same effect
It seems reasonable to predict “Open”AI’s bankruptcy and it won’t even take very long to happen. As I note in the video, maybe they will use the misnomer “exit” as they sell the remaining “assets” (staff) to some other company and mislabel the company’s failure as “successful acquisition”. █
Image: ChatGPT Creator OpenAI Could Go Bankrupt by 202: With declining users and competitors on the rise, could the creator of ChatGPT really be on the way to bankruptcy?
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