Looks like OpenAI won't be able to meet its financial obligations to Oracle.
https://futurism.com/future-society/ai-financial-bubble-openai-billions-failure
3 replies (most recent on top)
Send out your cvs outside now.
Why they missed
https://list25.com/openai-revenue-miss-projections/
So let's see, Oracle goes under if
- OpenAI can't come up with the $300B it is contractually obligated to pay Larry
- Oracle can't get Stargate Datacenters up and running on schedule
- New Mexico doesn't grant Oracle rights of way to run gas pipeline for power station
- New Mexico environental study rules against powet plant alltogether
- AI demand "just isn't there" as per Gain Capital's report last week.
- ...
And posters on this MB are worried about H1Bs and generic layoffs. The freeking company may not exist 2 years from now!