this post was submitted on 07 Apr 2024
27 points (100.0% liked)
TechTakes
1556 readers
159 users here now
Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
This is not debate club. Unless it’s amusing debate.
For actually-good tech, you want our NotAwfulTech community
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
https://www.theregister.com/2024/04/03/stability_ai_bills/
"Stability AI reportedly ran out of cash to pay its bills for rented cloudy GPUs Generative AI darling was on track to pay $99M on compute to generate just $11M in revenues"
"That's on top of the $54 million in wages and operating expenses required to keep the AI upstart afloat."
Midjourney is profitable, so they fucked up BIG time. Imagine going bankrupt while someone else uses your technology to make money hand over fist.
my psyche desperately wants this to be the first milestone on the path to a world record terra luna speedrun