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Almost every Silicon Valley startup goes through a period where they seek growth, not profit and spend their investors money to maintain it.
by HWR_14 1y ago
Almost every Silicon Valley startup goes through a period where they seek growth, not profit and spend their investors money to maintain it.
- deleted 1y ago[deleted]
- gipp 1y agoYes, at about 1% of this scale. OpenAI's obligations are not something they can just run to daddy VC to pay for; he can't afford it either
- Forgeties79 1y agoBut what percentage of those startups are making such grand promises while taking in such unfathomable amounts of capital? The sheer scale of the investment per AI company, the massive tax incentives being given out by states and debt being taken on by energy companies promising massive increase in loads…I mean this is all without precedent. AI speculation is rapidly driving infrastructural changes at the state level across the country. We know they can’t all be winners. But the price and ripple per failure (at least it seems to me) will be staggering. Am I off base here?
- malfist 1y agoSure, most of then lose millions of dollars, but uh, not trillions