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realcaseyrollins@narwhal.cityM to Finance@thelemmy.club · 20 hours ago

Elon Musk’s xAI Is Reportedly Burning Through $1 Billion a Month

gizmodo.com

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Elon Musk’s xAI Is Reportedly Burning Through $1 Billion a Month

gizmodo.com

realcaseyrollins@narwhal.cityM to Finance@thelemmy.club · 20 hours ago
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Elon Musk's xAI Is Reportedly Burning Through $1 Billion a Month
gizmodo.com
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Musk's new AI business is a cash-hungry monster.

Musk’s new AI business is a cash-hungry monster.

https://gizmodo.com/elon-musks-xai-is-reportedly-burning-through-1-billion-a-month-2000617458

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  • Schwim Dandy@lemmy.zip
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    19 hours ago

    At this rate, he’s going to be broke in just a couple of hundred years.

    • n3m37h@sh.itjust.works
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      19 hours ago

      With the tesla stock in steep decline hopefully he will be broke by the end of the year

      • pelespirit@sh.itjust.works
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        19 hours ago

        He’s supposed to be over-leveraged, but he does have Saudi Arabian buddies that might bail him out for awhile. He might go the My Pillow Guy route though too. Idk if he still has a base after the nazi salute.

        • FoxyFerengi@startrek.website
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          15 hours ago

          I want to know what some of these people think of him now

        • webghost0101@sopuli.xyz
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          19 hours ago

          I am pretty sure most people knew he was a sos before that. Maybe he did lose some people clinging to their outdated ideas of success but overall i bet it convinced a certain base that he is one of them.

    • realcaseyrollins@narwhal.cityOPM
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      19 hours ago

      This rate seems to be about twice as much as the rate OpenAI spends, so the company will go broke about twice as quickly as OpenAI does.

    • wirebeads@lemmy.ca
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      19 hours ago

      Not if you say “thank you” after every reply.

      Help it burn through more cash with politeness and cpu cycles.

      Fuck Elon.

  • wise_pancake@lemmy.ca
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    19 hours ago

    This guy is terrible at running profitable businesses and somehow Amazon at raising funds.

    I don’t get it.

    • realcaseyrollins@narwhal.cityOPM
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      19 hours ago

      I don’t think money is his goal, he’s doing this mostly for fun.

      Well, most of his companies, I think, he runs for fun. Now SpaceX and Starlink, I think he does for altruistic purposes.

      • Nightwatch Admin@feddit.nl
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        18 hours ago

        Did you drop this /s?

        • realcaseyrollins@narwhal.cityOPM
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          4 hours ago

          No

  • Kowowow@lemmy.ca
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    19 hours ago

    How much money dose it cost to make an ai not “woke” anymore?

  • QuantumTickle@lemmy.zip
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    19 hours ago

    Somebody should take a machete to all that fraud. Surely there’s a trade imbalance somewhere that needs to be tariffed.

    /s but only a little

    What a failure

  • SplashJackson@lemmy.ca
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    18 hours ago

    Maybe give me some of that

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