this post was submitted on 22 Jan 2025
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OpenAI and Softbank are starting a $500 billion AI data center company (www.theverge.com)
submitted 1 month ago by [email protected] to c/[email protected]
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[–] [email protected] 19 points 1 month ago* (last edited 1 month ago) (2 children)

LOL.

Headline should read: "The two most notorious money burners in all of tech team up to start a new money bonfire"

[–] [email protected] 4 points 1 month ago* (last edited 1 month ago) (1 children)

Oh yeah, when I saw Masayoshi San up there, I couldn't help but think of WeWork and every other crap-ass startup he blew Saudi money on.

[–] [email protected] 2 points 1 month ago* (last edited 1 month ago) (1 children)

Sam Altman is also very accomplished in this area

To be abundantly clear, as it stands, OpenAI currently spends $2.35 to make $1.

🤣

[–] [email protected] 2 points 1 month ago (1 children)

Not always a bad thing, provided a company has a good long-term strategy. Amazon, at the beginning, burned through a ton of cash underpricing competitors in order to drive them out of business.

WeWork did it to make their CEO rich and so he could look cool, somewhat less of a good strategy.

[–] [email protected] 1 points 1 month ago (1 children)

Was Amazon ever outspending revenue by more than two to one?

[–] [email protected] 2 points 1 month ago

I don't recall the exact numbers, TBH. I just recall that for many, many years their cash burn was immense.

[–] [email protected] 4 points 1 month ago (1 children)

The honestly seems more like a PR initiative and an overall oligarch/corruption alignment ritual of sorts.

[–] [email protected] 2 points 1 month ago

I think that's what THEY think it is.

I just predict this will get absolutely crushed by the "megaprojects curse"