Post

I have more than one friend who hasn't been paid by their employer the past couple weeks. It's about to slap. Hard.

podcasts.apple.com/ca/podcast/p...

Prof G markets. I have mixed feelings about Galloway but I dont mine Ed

Don’t you worry, they’ll come back in 6 months asking for more…

Yeah, I suspect that if 6 doesn’t pick up the kids from school or do all your Christmas shopping or something else mind-blowing that investors will start looking for the exit.

Sam Altman should be in jail.

At what point do people stop giving them money?

And how much of our water resources?

I think he wants out

There seems to be confusion about what 'agent' means in these companies. Co-pilot advertised the ability to create 'agents' however when I fiddled with it this is just creating a default load out of prompt to specify where the model should be focused. Time-saving maybe but no 'agency' is involved.

Ahh okay, it seemed more recent

Did this come of the back of staff being allowed to sell shares. 😏😏

"Look at AI, an industry built around burning cash, isn't it great? We want more of this please"

There has to be some level of corporate malfeasance where the usual rules and punishments go out the window. $118 billion lit on fire between now and 2029 should result in, at minimum, a public caning, Singapore-style.

Man my tiny one-man operation's been much more profitable than them and I haven't even burned one single billion! I must be doing something wrong

Seeing this headline after your recent TF episode: is there such a thing as being vindicated TOO quickly?

The article is paywalled, can you share a link?

It’s only one year of ummm Visas revenue

Don't forget that Altman will somehow still be proclaimed a genius and go on to found a new tech company for investors to throw money at!

This is INSANE. At what point does someone just say “ok, that’s it, we’re throwing in the towel and taking the biggest write off ever”

All that spend while also making a Nvidia replacing GPU for themselves with Broadcom. Allegedly. Which makes you wonder what any of that spend would be for in the first place.

$11 billion isn’t cool. You know what’s cool? $45 billion.

Is "burn" some new accounting term? Is it good for those numbers to steadily grow?

I don't ever wanna hear anybody in politics say "Where will we get the money" again There are clearly billions of dollars floating around in the economy that we're willing to throw in a bonfire pit

Not really

12.7bn in revenue this year on 8bn cash burn. So they expect to break even this year, or am I reading things wrong?

At this point are they just holding on till the end of the year when they need to become for profit, and hope they'll still get the money from SoftBank? Just playing chicken with everyone while they can

2025: Agentic AI, 2026: AGI, 2027: Singularity. Definitely positively maybe.

I wish the FTC wild just investigate them for fraud at this point

They changed the definition of agents to custom gpts. They don't need to be autonomous anymore. Love too move goalposts.

Yeah we're planning to literally build Amazon web services for some reason? And it'll be bigger than that too. Ok! Bye bye!

“the reasons for that couldn’t be learned” is a priceless statement

Sam Altman is just doing the Elon "coming soon" scam.

Two billion?????????

Two billion weekly active users, huh?

🤣🤣🤣 "We're investing in our own compute which we can totally resell to others" We're totally not in a global glut of compute with other players already turning off the tap on new projects and under threat by lower intensity Chinese products 🤣🤣🤣

Someone needs to punch him in the face already

I'd love to see a timelapse progression of Altman progressively looking more and more like he is about to anxiety shit himself to literal death

this is what happens when growth is all that matters, you end up pouring money into a money furnace chasing promises from guys that look like they’re strung out on a week long bender

I see they're already downplaying Agents, which were going to be the saviour of AI at the start of the year.

Its core business is burning capital, I bet furnaces are cheaper than serverd.

Could be mentioned as a possible fall back business model to calm the nerves of investors who are starting to smell something. But that will fail too without AI needing them.

It’s cute that they think they’ll still be operating in 2029.

Android probably does, though.

Now there's a graph that keeps getting funnier the longer you look at it.

source: www.saastr.com/bloomberg-op...

2026 gonna be one heck of a year haha

That’s some serious with bending

Same, but like, maybe half, not to get too crazy...

Lmao holy shit At first I was like "huh yeah this looks like it could be the start of an s and it hasn't tailed off yet, that's a funny inflection on the green line though" And then I noticed the labels on the x axis

“Free user monetization” next year? That’s a fancy way of saying ‘free users see ads’, right?

Hang on, they expect to have *2 billion* weekly active users? Nearly a quarter of planet using their services every week?

$115 billion sounds like a big number. Is that a lot of money?

Please please all the “crypto billionaires” invest all your crypto billions in it.

they cant build an API they sell to eg SalesForce into chatgpt what is this author talking about. that isnt how APIs work

It almost sounds like they're gonna become yet another web services provider, a very lol lmao outcome for the game they talked

They wanted to build big energy drain data centers on the grid without improving the grind and polluting the environment. All downside but wind farms are the problems. Fucking bullshit

I love the fact they can plainly say "We'll burn your cash and make no income from it" and then raise another 7 billion. And by "love" I mean I really want to set something on fire right now...

There's an episode of How Money Works that pointed out China's already won the AI race. Our electrical grid is decrepit 1960s vintage - it's falling apart. Meanwhile, China has a nice new grid that they are constantly expanding and upgrading. They can power those data centers. We can't.

Based on what Ive read China is now comfortably in the lead, in terms of usefulness if not raw compute. I cant say whether or not they are seeing the kind of productivity improvements that they’re aiming for, but theyre working to a way more coherent plan www.ginc.org/chinas-natio...

this is my religion now

I don't know how you stay sane absorbing all this madness Ed.