OpenAI really, really needs $40 billion. OpenAI arranged a deal with SoftBank where SoftBank would run a funding round to get $10 billion from other investors, and SoftBank would throw in $30 billi…
  • Hirom@beehaw.orgEnglish
    16·
    9 days ago

    This AI bubble is fundamentally fuelled by too much money that can’t get sane investments — so it’s looking for insane ones.

    There’s a real tech revolution going on right now! It’s renewable energy. Wind and solar and batteries are all super-cheap and getting cheaper, the tech is advancing by leaps and bounds, it’s doing amazing stuff.

    But that’s a regular business that doesn’t look like a venture capital lottery ticket — so it doesn’t get hype-filled headlines in every newspaper from venture capital PR offices.

    https://pivot-to-ai.com/2025/04/10/a16z-raising-fresh-20b-for-ai-bubble-investments/

    The finance sector directing the world’s resources to the wrong projects is scary dangerous. More than AI itself.

    • diz@awful.systemsEnglish
      5·
      8 days ago

      I think this is spot on. I had that same thing happen at my former employer, which bought a lot of entirely pointless startups in 2010s instead of investing in core business equipment and processes.