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Cake day: July 3rd, 2023

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  • Ai can crash before then, if people stop investing money or loaning money. It doesn’t mean OpenAI run out of money straight away, but it means the projects they are involved in don’t happen, so the mountain of debt piles up and the sources of revenue dry up. So, it all happens faster and the smaller neo-clouds go belly up first.

    Already an Aussie one just pulled its launch IPO due to lack of interest and were considering dropping their price significantly.

    If the IPO prices of other companies drop significantly, it means the early investors make very little profit, for a lot of risk, so they start to look elsewhere too.

    AI companies need huge amounts of investment over extended periods, so either scenario is problematic for them.




  • I don’t disagree with most of what you said. I disagree that there is private finance waiting. There may be, but that’s not certain. Rates have gone up. Even before that, these companies were finding it increasingly difficult to raise money.

    You said it’s like musical chairs. It’s more like hot potato. Who’s going to be left holding the bag? If they can’t raise enough in an IPO, then private investors are left holding the bag. Whereas for alot of private investors, the IPO means they can sell off their investment. Now they might not be able to. Which makes them more cautious about investing more. Which makes raising money harder. Which makes bills hard to pay. Which pops the bubble.








  • Yes, and both should be held responsible. The person or entity that instructed itz plus open ai for allowing its software to commit illegal acts with impunity.

    It’s completely ridiculous that these companies are becoming a serious social problem, while at the same time not being held to the standards that other companies would be if they did these acts without the use of ai.

    The agent did nothing. Software with ability to work independently gained access under instructions to get information. This is no different to telling an employee to get something in Coles and they steal it. Hold them both accountable.