With Net Income of One Billion Dollars Tesla Claims It Can Pay a Fake Founder (Who Paid for This Lie) 1,000 Billions
Billion dollars in income: (and still in debt)
Claims it can pay out this sum:
One can tell that the current economic system is a farce upon seeing headlines like the above. We now have so-called "AI" (it's not AI) companies that claim to be worth X dollars despite never making any money and despite losing money at a pace of X/10 per year.
Imagine running a shop that loses $100,000 per year but claims to be "worth" a million bucks. People would call that "crazy", but not in Wall Street.
What does this tell us about Wall Street? What does that say about the current media (such as BBC)? Why does it relay such lies?
How can a company "Grow [Its] (Wall) Street "Value" From $152B to $4000B Without Producing a Single Successful Product/Service"? If this does not seem to make any sense, then it's because it doesn't make sense. And a collapse is assured, the only question is, when. █
Related: TRILLIONS! And TRILLIONS and TRILLIONS and TRILLIONS! Invest today! | [Meme] Don't Worry, They Say There's 7 Trillion Dollars Waiting at the Top
● More references (recent):
You Have No Idea How Screwed OpenAI Actually Is:
It is almost funny how the world has only just cottoned on to the AI bubble. Every time I read the news, it feels like an arsonist complaining that the building is on fire. Every major banker, venture capitalist, financial pundit and media outlet that made AI hype their entire personality a year ago is now warning that when the AI bubble pops, it will crash our economy. Great… And whose fault is that, exactly? But what I find truly fascinating about this sudden snap back to reality is that it is totally surface-level. For example, none of these people have even tried to look under the hood of OpenAI, which is overwhelmingly responsible for this bubble. That is almost offensive, because they could probably build a mass grave with all the skeletons in their closet. So, let’s dig into OpenAI and put a name to these ghouls so terrifying no one can talk about them.Earlier this year, The Information analysed OpenAI’s predictions and found that they were on track to post a $14 billion loss in 2026 (read more here). This was on the heels of OpenAI nearly going bankrupt and experiencing a $6 billion investor bailout at the end of 2024. So, needless to say, if losses grew to that level, OpenAI would be seen as a doomed venture.
● Can OpenAI keep pace with industry’s soaring costs?:
It is the $1.4tn (£1.1tn) question. How can a loss-making startup such as OpenAI afford such a staggering spending commitment?Answer that positively and it will go a long way to easing investor concerns over bubble warnings in the artificial intelligence boom, from lofty tech company valuations to a mooted $3tn global spend on datacentres.
The company behind ChatGPT needs a vast amount of computing power – or compute, in tech jargon – to train its models, produce their responses and build even more powerful systems in the future. The cost of its compute commitment – the AI infrastructure such as chips and servers that power its world famous chatbot – is $1.4tn over the next eight years, a figure that dwarfs its $13bn in annual revenues.
● Microsoft quarterly report reveals double-digit billion loss at OpenAI:
AI manufacturer OpenAI has apparently recorded a loss in the double-digit billions in the third quarter. This is suggested by Microsoft's current quarterly report. The loss at OpenAI could amount to up to 12.1 billion US dollars.Although OpenAI itself is not listed on the stock exchange and therefore does not publish financial reports. This is different for listed investors like Microsoft. The company holds 27 percent of OpenAI; in the current quarterly report, Microsoft therefore also communicates publicly about the status of its OpenAI investment.