Microsoft 'Open' 'AI' Has Severe Financial Problems, Version Inflation ("GPT-5.4") is Mindless Hype and a Misleading Distraction
When corporate media (GAFAM) says Microsoft 'Open' 'AI' has secured over 100 billion dollars in funding it is basically spreading a lie [1-2]. Alleged 'market value' for a company so deep in debt and without any prospect of profit is just another hoax. We wrote a great deal about it lately, e.g. [1, 2].
Version (number) inflation is a dreary old hype tactic. In practice, increasing the number can result in worse performance. They rely on people's ignorance regarding LLMs, which are more about plagiarism than innovation and totally lack any real intelligence.
In practice, both users and sponsors of ChaffGPT are fleeing. The con job of circular financing (a form of accounting fraud) ought to have put some executives in prison, but not under this US President, who scuttled investigations. He serves the perpetrators; they pay him. █
Related/contextual items from the news:
-
Unicorn Media ☛ AI’s House of Lies: Fake Deals Create Fake Booms
AI gold rush or house of cards? How $110B Proprietary Chaffbot Company "deals" and Ellison's media grab expose the announcement economy's grift.
-
Pivot to AI ☛ OpenAI’s ‘$110b’ funding round is $25b and some promises
Zero dollars have moved yet. And the dollars are not real until they move — look at that $100 billion Nvidia not-a-deal that evaporated in early February.
I love SEC filings — you’re not allowed to lie in them. Amazon’s putting in $15 billion to start with, and the other $35 billion depends on conditions. From Amazon’s SEC 8-K filing on the matter: [...]
