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OpenAI falling short of their ad revenue projections by 90% (futurism.com)

submitted 15 hours ago by rimu@piefed.social to c/technology@piefed.social

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OpenAI wants you to believe that by 2030, it’ll be raking in $100 billion a year just from ads alone - even though it’s currently struggling to reach just $1 billion.

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[–] SupraMario@lemmy.world 13 points 8 hours ago (1 children)

Oracle might go first, their credit rating was downgraded again to BBB-. So banks are even less likely to loan anything to them

[–] BarneyPiccolo@lemmy.today 3 points 1 hour ago (1 children)

The Ellison's don't care, they've already fished that pond empty. They're in the propaganda business now.

[–] GamingChairModel@lemmy.world 2 points 52 minutes ago

They can't close on the Warner deal yet (court ordered the deal be paused for 28 days to consider blocking it), and if the courts hold up the merger for a few months, and Oracle stock plummets based on their bad investments, the Ellisons' personal guarantee on the purchase price might not be enough to actually complete the merger.

I don't think it's very likely, but I can dream, at least for now.