Joseph Lim :mastodon:<p>2/2<br>" <a href="https://mastodon.social/tags/OpenAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OpenAI</span></a> expects to lose $5bil tis year, & its annual losses to swell to $11bil by 2026.. According to its own nos, OpenAI loses $2 for every $1 it makes, a <a href="https://mastodon.social/tags/redflag" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>redflag</span></a> for <a href="https://mastodon.social/tags/sustainability" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>sustainability</span></a> of any business.. Btw VCs, BigTech & power utilities, the bill for <a href="https://mastodon.social/tags/genAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>genAI</span></a> comes out to close to $2tril in spending over the next 5yrs.. Inimical to e old ethos of e Valley & emblematic of a bloated, rotten <a href="https://mastodon.social/tags/investing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>investing</span></a> <a href="https://mastodon.social/tags/strategy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>strategy</span></a>, in <a href="https://mastodon.social/tags/SiliconValley" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SiliconValley</span></a> now e money chases founders rather than founders chasing money"</p>