Stability AI reportedly ran out of cash to pay its bills for rented cloudy GPUs
https://www.theregister.com/2024/04/03/stability_ai_bills/
Generative AI darling was on track to pay $99M on compute to generate just $11M in revenues
Uh, suuure all the claims by AI tech-bros stack-up and their companies are going to the moon.
The reality is: AI companies are making claims that are ludicrous to the point of being fraudulent, their IP is worthless, their content is based on stolen work of other people and turned into "hallucinations" (AKA lies), they're a waste of compute resources and have an unacceptable environmental footprint, and their bottom-line is a gigantic negative that hurts investors and gives the Tech sector a bad name.