$11M in revenue on $153M in cloud spend + salaries... Is the AI bubble going to pop hard soon?
Rookie numbers. How much did Uber lose? Wirecard?
Wirecard was a fraud, not a bubble.
Stability AI reportedly ran out of cash to pay its cloud GPU bills
11–20 of 44 posts
Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#12This makes me worry that the 20 bux a month I pay for GPT4 could end up being more like 200 bux on the backend.
When they stop running gpt4 as a loss leader, I'll probably lose access.
Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#13Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#14$11M in revenue on $153M in cloud spend + salaries... Is the AI bubble going to pop hard soon?
AI is not a bubble. Anymore than iphone / the internet was a bubble.
> Anymore than iphone / the internet was a bubble.
By that do you mean they're technology platforms that outlive their obvious peak hype investment dice rolls?
Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#15$11M in revenue on $153M in cloud spend + salaries... Is the AI bubble going to pop hard soon?
AI is not a bubble. Anymore than iphone / the internet was a bubble.
As a broad advancement that's true, but on individual companies there's going to be a ton that don't make it (which is the case for all companies, but for AI there's a significant number of new ones to fail within the next 10 years).
Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#16$11M in revenue on $153M in cloud spend + salaries... Is the AI bubble going to pop hard soon?
AI is not a bubble. Anymore than iphone / the internet was a bubble.
You have no way of knowing that. Remember, the parent poster is referring to the current ridiculous hype + push of current AI. Current AI models were trained on copyrighted material. Lawsuits are taking place.
Many different members of the US government have indicated that just because AI is new and fancy, does not mean companies get to violate established law, including copyright. The head of the FTC was the most recent person to state this.
OpenAI could very likely be sued out of existence. When that happens, all who invested in them could lose billions. The US government very likely won't intervene because there are multiple lessons to be learned from this.
Courts are there to enforce the law, regardless of how "amazing" a technology may appear.
Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#17Earlier quoted context omitted.
AI is not a bubble. Anymore than iphone / the internet was a bubble.
You have no way of knowing that. Remember, the parent poster is referring to the current ridiculous hype + push of current AI. Current AI models were trained on copyrighted material. Lawsuits are taking place. Many different members of the US government have indicated that just because AI is new and fancy, does not mean companies get to violate established law, including copyright. The head of the FTC was the most re…
To add something I forgot to say, yes, AI as a concept is here to stay. The current hype surrounding existing companies will not, however.
Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#18Re: Stability AI reportedly ran out of cash to pay its cloud GPU bills
#19$11M in revenue on $153M in cloud spend + salaries... Is the AI bubble going to pop hard soon?
AI is not a bubble. Anymore than iphone / the internet was a bubble.
The internet was a bubble too. Remember the dot com era?
Just because the tech is legit doesn’t mean it can’t have a bubble.