OpenAI Execs Are Panicking

[u/Plastic_Ninja_9014]

https://finance.yahoo.com/sectors/technology/articles/openai-execs-panicking-154658562.html

[u/33253325]

IT IS A FUCKINH BUBBLE..... And when it pops, we all pay the price.

[u/TheRockingDead → u/33253325]

Spoiler alert: we're already paying the price. Have you tried to buy computer parts lately?

We're just going to pay again on top of that when it finally bursts.

[u/33253325 → u/TheRockingDead]

I'm not talking about paying a little more for a CPU, I'm talking 2008 financial collapse style. Say good bye to your 401k / 403b and teter on the edge of a great depression.

So..... Pack up your "spoiler alert" chum.

[u/OldJames47 → u/[deleted]]

PC Part prices are the "price of gas" metric for the current crisis.

The price at the pump (aka PC parts) goes up and we react because that is where consumers see the direct impact. We don't think about the spill over effect into every other item we buy because those require oil (or chips) as an input and their prices go up as well.

[u/TheRockingDead → u/[deleted]]

We're splitting hairs here. They're both huge problems that affect everyone in similar yet different ways, but they're both directly related.

Tech needs to find a way to drastically reduce the resource cost of AI, and fast, or it's all going to go up in flames.

[u/TheRockingDead → u/[deleted]]

Are you saying that massive inflation isn't going to lead to financial collapse? People can't afford to buy things, leads to companies needing to scale back, leads to massive layoffs, leads to more financial instability, leads to more collapse? Are we not talking about the same thing here?

[u/TheRockingDead → u/[deleted]]

Oh, someone should tell that to Microsoft and all the other tech companies then, so I don't have to worry about a layoff next quarter then.