TLDR on what’s happening in #ai for anyone out of the loop:
>sam altman shows up
>hello we are openai (is closed source btw) and we will be building ai
>sam: we need BILLIONS in funding!
>everyone: ok here you go sam
>sam: wait really?
>everyone: yea..? didn’t you say you need billions of dollars in funding?
>sam: billions? sorry I misspoke. I meant TRILLIONS!
>everyone: that’s a lot but ok
>sam: ai is the new industrial revolution! COMPUTE is the new OIL!
>nvidia becomes the most valuable company on earth. every single employee is a MILLIONAIRE now, including the interns
>openai keeps jacking up their prices and says “we are actually LOSING money because compute costs so much! we are bumping up the pricing for our gpt-abc123 model to $10,000 per prompt”
>some random chinese quants: we ain’t paying that much let’s just build our own model
>chinese quants literally build AGI (DeepSeek) as their side project with $70 in funding and a bag of chips, coworking out of a sweatshop
>american ai companies: these chinese guys are capping this is a ploy by the CCP to destroy the american economy!
>deepseek releases papers and benchmarks proving their model is better than openai’s
>american ai companies in total meltdown
The bubble has popped.
If you’re in ai, it’s OVER. Leave while you can! All the speculative institutional capital is going to rotate back to the only speculative technology that has stood the test of time: crypto.
