ai-news 4 months ago
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Sasha Yanshin | AI Companies Have Run Out Of Money

OpenAI is trying to raise another $50 Billion after projecting to lose $14 Billion in 2026.

xAI has just raised $20 Billion to build the world's largest AI data center in Memphis, but while tech companies are spending increasing amounts of cash, progress with new models is slowing down.


The pool of investor money available for more AI is drying up and instead of AGI providing infinite money for everyone, ChatGPT is now going to have ads.

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