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According to The Information (which is hard-paywalled unfortunately) venture capital as a whole is set to run out of money in 18 months if things continue at th
by jsheard 1y ago
According to The Information (which is hard-paywalled unfortunately) venture capital as a whole is set to run out of money in 18 months if things continue at the current pace. AI companies had better turn profitable sharpish.
- Imustaskforhelp 1y agoHow would that even work to be profitable? I don't see a way on how they can suddenly become profitable if I can be honest when the fundamental economics of the thing seems a little broken to me...
- minimaxir 1y agoAdditional revenue services aside from selling LLM tokens, such as the commerce play OpenAI announced yesterday.
- skeeter2020 1y agoWe're all in trouble but OpenAI more so if they're depending on consumer spending (specifically via AI) to float the general economy - let alone theirs.
- htrp 1y agoarticle link ?
- jsheard 1y agohttps://www.theinformation.com/articles/dry-powder-running-spvs-may-lifeline https://www.theinformation.com/articles/dry-powder-running-s... Summarized by Ed Zitron: The Information recently published some worrying data from venture capitalist Jon Sakoda — that “at today’s clip, the industry would run out of money in six quarters,” adding that the money wouldn’t run out until the end of 2028 if it wasn’t for Anthropic and OpenAI.