“AI” 🙄
BUUUUULLLLSHIT. He just doesn’t want to answer honestly to shareholders. The product is a scammy money pit propped up by tissue paper and the confoolery of our liar and chief.
what they are really saying, especially with the “slow down china bad” rhetoric is just temporally advanced from stuff Adam Smith wrote about, long ago: they cannot keep up and are crying to the powers so shareholders are protected
Don’t worry, it’s DEFINITELY not because they would need to disclose their finances to investors. Just keep pouring money in and everything will turn out fine!
Financial Times reported that Anthropic is telling investors “gross margins are above 80% before revenue it shares with distribution partners and before the cost of training models.”
This is like saying, “I got $500 at the casino, but don’t ask me how much I spent on the slot machines”. All the AI corpos are in the same boat, so this “fear of danger” is likely a smokescreen for, “we’re hemorrhaging cash”.
No one will ever go to prison, so the scam works. Extract as much money as they can while destroying the world.
Reminder: none of the AI industry is remotely based in reality.
https://www.wheresyoured.at/ai-is-already-in-dangerous-hands/
It’s got nothing to do with safety, he doesn’t have the numbers to go public and is trying to mask that.
My $0.02 is that Dario genuinely believes* this, Sam doesn’t, but it’s convenient for OpenAI to hitch its wagon to Anthropic’s call for regulation because their financials are a mess.
- just because his belief is genuine doesn’t mean it’s reasonable. I find the whole thing kind of laughable actually.
There’s no way Dario really believes this. He knows “AI safety” is the only way to keep the hype train going; otherwise the bubble pops immediately.
Ya, these are the people who absolutely gave zero fucking shits about safety up until the point they realized they couldn’t hand off the bag to the public.
What kind of numbers do they need?
Revenue growth that suggests a path to profitability would be a start.
That’s never stopped Elon from getting billions from
suckersinvestors.
https://www.wheresyoured.at/ He’s laid out what they need in painstaking detail.
For the evaluation OpenAI and its investors would target, they would need pretty great ones. But another thing is that they’d also need to look good relative to anthropic, who is also looking at an IPO.
Not sure if their plan for it has changed,but OpenAI would always be measured against them. And my understanding is that anthropic is said to have better financials while having raised less investment money so far.
There is only so much liquidity for IPOs and SpaceX already vacuumed up a lot. If both openai and and anthropic would IPO as an option for investors to buy into a pure play, I assume everyone would compare the two and go for the perceived winner (or want a good discount for the second best)
This is what we get for Musk keeping Trump balls warm. Probably the same reason we see Tesla back with the majority of US EV sales. Fuckin racket. If the spacex and grok deal wasnt a thing the other players might have a chance to have some skin in the IPO game. Yes, yes, why sympathize for these corporate monsters, I heard you already. Just raving about politics.
Big, I think.
I don’t see how they’re going to meet their revenue projections when open models are largely turning LLMs into a free commodity. So far in 2026, we’ve gone from local LLMs being a toy to Qwen 3.8 27B giving the latest Sonnet 5 a run for its money. The OpenCode desktop app is also almost at parity with the Claude desktop app as well and I’ve heard Pi is pretty good too.
Now we are seeing techniques like a “phrase book” evolving to allowing a large portion of a huge model to reside on a SSD instead of in RAM / VRAM so that Opus-class models can run on a gaming PC. For example, this video is nuts: https://m.youtube.com/watch?v=IH8XmxiwliQ
OpenAI and Anthropic know they’re cooked, so that’s why they’re talking all this nonsense trying to keep the shell game going a while longer. 🍿
I’m so glad an at home competitive solution to the AI fuckery is here now. I hope this fast forwards the bubble bursting and pc prices go back down when an iPhone or Android phone can run an equally good AI on the device itself.
PC prices will be heated up by demand for hardware to run local models. There will always be more advanced models requiring more advanced hardware, or at least for a good while. First it’ll need better hardware to perfect the text generation, then to improve image generation, then to improve video generation, then to make flawless code in large projects like games, etc. etc.
At the very least, GPUs and RAM will probably stay overly expensive for a while.
Maybe not a mobile device, but running decent local models is definitely within reach for the average consumer today by simply adding a GPU with lots of VRAM to their existing PC.
I mean yes but those gpus are not necessarily within reach of the average consumer anymore. Even if you got one for a grand which is a lot of money you would have cooling and enclosure costs, possibly additional hardware.
Nah I got an RX 6800 XT for $300 with 16 GB VRAM, perfectly cromulent for a 27B model.
Thats is pretty decent alright, I had heard 24 was what was needed for decent local AI.
24 is ideal, 16 works fine especially with some MoE offloading. If you use llama-swap, a fast PCIe bus and fast storage is ideal. Takes about 20 seconds to swap between two models on my X570 board.
This generation of AI architecture is cooked. The bet now is that the next generation “AGI” resulting from all the new datacenters will repay the trillions invested.
the next generation “AGI” resulting from all the new datacenters will repay the trillions invested.
Too bad we don’t have the slightest clue on how to do that, except that it won’t work with LLM alone.
Oh well, let’s use the compute power for mass surveillance instead.
More likely its because they need more time to cook their books.
I think no one wants to hold the bag.
If they cook any longer, it’s going to look worse than the venison bones I forgot I was roasting for stock that one time.
On the plus side, the whole kitchen enjoyed playing predator with the burnt to fuck spine.
“So, how do you make your money?” “I lie”.
They can’t go public.
I bet they end up merging or being bought long before they’re actually ready to go public.
They can’t go public.
I think that rising interest rates (e.g. by the ECB) because of more expensive oil and empty national reserves wouldn’t make that easier.
That company is fucked.
Their business burns a gallon of gas per homework assignment cheated and Anthropic does it better while China does it cheaper.
Indeed. Next year several billion dollar loans of theirs comes due, with more and larger ones the following year and so on.
The tech CEO’s are playing into fears of AI, because their development didn’t meet their hype.
There is no doubt, they don’t give a fuck and we all should know it. They believe in nothing except self advancement.
https://www.youtube.com/watch?v=9vQaVIoEjOM
Don’t believe the Hype. Yeeeeaah boooyy.
The tech CEO’s are playing into fears of AI, because their development didn’t meet their hype
Across boardrooms, overpaid MBAs constantly lose billions on the simple concept that all graphs continue to extrapolate favorably, propped up by investors who believe the same thing.
Hahaha, AI hype has already reached and past its peak, the best time to do an ipo for them is today, second best time would be tomorrow.
Sure it might be here to stay, but the gold rush FOMO phase is over.
I hope they go right under a rock and stay there.
thiel will be very disappointed his apostate.
The guy goes fuzzball on telling everyday AI is going to kill us all, then “well I can’t IPO, people are afraid”?
Well, guess what my little boy, what did you expect?
Sam, we don’t believe you, you make no sense at all, you liar piece of shit.
He has a simple, but actually complicated task: boost AI hype, but reduce the competition, ESPECIALLY on the side of open source Chinese models.
That’s the sole reason for “AI is cool, but dangerous, and we must control it” and “We must break free from China” rhetoric. He is tasked to make AI grow as a proprietary technology, so that there’s any chance at all to recoup the immense investment that was made. If open, local LLMs maintain their position, OpenAI cannot leverage its own position to demand exorbitant prices for access to ChatGPT - and that is the key condition to recoup all of the investments that were made.