this post was submitted on 10 Jul 2026
617 points (99.4% liked)

Technology

86219 readers
2849 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
617
OpenAI could reportedly run out of cash by mid-2027 — analyst paints grim picture after examining the company's finances (www.tomshardware.com)
submitted 19 hours ago by FoxtrotDeltaTango@sh.itjust.works to c/technology@lemmy.world
157 comments fedilink hide all child comments
 

cross-posted from: https://toast.ooo/post/12317935

you are viewing a single comment's thread
view the rest of the comments
[–] GodofLies@lemmy.ca -3 points 3 hours ago (3 children)

Amazon wasn't profitable for many years until it was. Now make your own conclusions about AI.

[–] Jaysyn@lemmy.world 5 points 2 hours ago

Apples & oranges.

The AI industry is fundamentally judged based on its symbolic similarities to bygone eras. Buying GPUs and building data centers sort of feels like Amazon Web Services, even though the $765 billion that big tech will spend in 2026 will be more than ten times Amazon’s combined capex during the period where AWS was being built. ChatGPT sort of feels like Google Search or Facebook Ads or next app store, but only because it’s a culturally-relevant piece of software, largely driven by the larger cargo cult of tech crystalizing around it.

https://www.wheresyoured.at/cargo-culture/

[–] jj4211@lemmy.world 4 points 2 hours ago

There were a lot of companies that were unprofitable during dot com and failed.

The question would be if openai is like Amazon or webvan or Netscape or AOL or....

I would argue that openai is more overextended than amaxon was, and worse, they aren't really seen as the leading company anyway, nor do they have a strong hook. Anthropic is broadly more well regarded, and Google has the captive audience of phones and browsers.

Despite this reporting suggests openai maybe the most insane purchasing commitments.

I don't think it ends well for openAI, however durable AI market ends up otherwise.

[–] jabjoe@feddit.uk 1 points 1 hour ago

Until it was dominant and could abuse that power to squeeze everyone.

I'd argue this is dumping.

Not just Amazon either. A good few of the American monopolies. AI spending is the pattern repeating and it is a dark pattern for everyone.