alt Hacker NewsOAI canceling an IPO this year a week after he released their dogshit financials is not a coincidence and yes it does vindicate him.
He’s not shorting the market or calling a top. He’s saying that the bubble will pop because the underlying business model is and always will have a NEGATIVE ROI. Unless you’re speculating on semiconductor stocks the difference is irrelevant.
Do me a favor and tell me how much of the 1,000,000,000,000 spent / committed to a datacenter buildout has been returned to shareholders / creditors?
Replies
1. they didn't cancel their IPO and they were deliberate about having the option to time their IPO
2. he has tried over and over again to predict the bubble and peak [1] [2] [3]
3. that OpenAI is filing for an IPO next year is no vindication of Ed's claim when he specifically predicted the opposite (as I showed in the above comment)
4. OpenAI filing for an IPO next year has no bearing on its fundamentals
5. on Datacenters: Anthropic had to lease it from Elon's datacenter because they were too short on capacity and every one was complaining that their limits were too low
[1] Ed on 2024, "threaten to begin a collapse that I’ve been predicting since March" https://www.wheresyoured.at/burst-damage/
[2] Ed on 2024, "three quarters to prove itself before the apocalypse comes" https://www.wheresyoured.at/peakai/
[3] Ed on 2024, "things are beginning to collapse" https://www.wheresyoured.at/subprimeai/
Edit: the quality of discussion in this website is annoying sometimes.get downvoted for good faith discussion
> OAI canceling an IPO this year a week after he released their dogshit financials
There is zero evidence of any causal link between him and this. The obvious one, instead, is SpaceX's volatility.
> Do me a favor and tell me how much of the 1,000,000,000,000 spent / committed to a datacenter buildout has been returned to shareholders / investors?
If Anthropic also delays its IPO, you'll have a point.