Tonyco
commented on
OpenAI may lose $5 billion this year and could run out of cash in 12 months unless they raise additional capital from VCs
The world's most valuable AI startup OpenAI reportedly burned $4 billion this year already on cloud costs alone and may spend another $3 billion+ on model training, as per The Information.
Meanwhile, their annualized revenue is around $3.4B.
In addition, given that Zuck's Meta just released their open-source Llama 3.1 model - giving you GPT-4...
The world's most valuable AI startup OpenAI reportedly burned $4 billion this year already on cloud costs alone and may spend another $3 billion+ on model training, as per The Information.
Meanwhile, their annualized revenue is around $3.4B.
In addition, given that Zuck's Meta just released their open-source Llama 3.1 model - giving you GPT-4...
![OpenAI is running out of cash](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240725/9b65838abaebcd2e7f889e7686a5cca1.png/thumb?area=101&is_public=true)
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Tonyco
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$Alphabet-A(GOOGL.US$ its not just Google, its a red day for most. Can’t enjoy the up days unless you have down days to come up from. While going long, (Investing) lately ive been just zooming out to avoid the short term noise, (daily or weekly charts). short term charts are emotional rollercoasters, and no need of them if you dont day or swing trade.
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/74285260/20240724/2ff0835679d4338f40445bbc3eaf817c.jpg/thumb?area=100&is_public=true)
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Tonyco
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Looks like a promising earning beat for Vertiv. Unfortunately, tech is being influenced by $Tesla(TSLA.US$ and $Alphabet-A(GOOGL.US$ 👎👎. And that folks is Mr Market and emotions. ![]()
$Vertiv Holdings(VRT.US$
$Vertiv Holdings(VRT.US$
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Tonyco
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Tonyco
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One Has to Wonder if cyber-security start-up Wiz calling off the proposed deal with Alphabet has anything to do with the mishap at CrowdStrike (CRWD) over the past few days. Wiz will supposedly focus on moving forward with an IPO instead of a potential marriage into a much larger tech firm. Are CrowdStrike's customers scrambling in an effort to find new providers? Are all users scrambling in general, just to find improved cloud-based cyber-security. Possibly. CrowdStrike's r...
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Tonyco
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The real estate sector has lagged behind the broader market this year, with $Dow Jones U.S. Real Estate Index(.DJUSRE.US$ only rising 1.69% compared to $S&P 500 Index(.SPX.US$'s 16.67% increase and the Dow Jones Industrial Average $Dow Jones Industrial Average(.DJI.US$'s 7.23% rise year-to-date. However, over the past ten days, the S&P 500 has declined 0.15%, the Dow Jones Industrial Average has gained 2.72%, and the Dow Jones Real...
![US Real Estate Sector Leads Rally on Expectations of 'Rate Cut'](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240723/1721728785398-be3b4f46dc.png/thumb?area=100&is_public=true)
![US Real Estate Sector Leads Rally on Expectations of 'Rate Cut'](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240723/1721728785679-b1ec8d152a.png/thumb?area=100&is_public=true)
![US Real Estate Sector Leads Rally on Expectations of 'Rate Cut'](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240723/1721729520168-a6b77fa0f7.jpeg/thumb?area=100&is_public=true)
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We might not see the full impact of AI on searches yet. I don't think it will be good for Google if most of their money comes from searches.
As more people realize how much easier it is to use AI to sift through the mucky search result swamps for you....
As more people realize how much easier it is to use AI to sift through the mucky search result swamps for you....
Tonyco : It's best value for me is the sifting through the garbage so..