this post was submitted on 09 Oct 2026
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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)
submitted 3 days ago by eicker@lemmy.world to c/technology@lemmy.world
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[–] KaiFeng@lemmy.world 6 points 3 days ago (2 children)

That... Doesn't make sense does it? Like apart from fraud what's the point of doing it like that?

[–] phutatorius@lemmy.zip 1 points 5 hours ago

They need to pull a big number from where the sun don't shine.

[–] CrimeIsLegalNow@ani.social 5 points 2 days ago (1 children)

Oh, it's absolutely a fraud meant to deceive investors.

Just not legally speaking.

[–] redballooon@lemmy.world 1 points 2 days ago* (last edited 2 days ago)

But the $70b number was published by an investor, and OpenAIs crime was to not disagree publicly. Makes me wonder who is frauding whom.

I won't pretend to understand this news.