🔗 It’s Giving Enron - by Dave Karpf:

What we can say for certain right now is that these massive deals are based on increasingly complex financial shell games. OpenAI — a company that constantly needs fresh injections of investor cash, because its costs are bigger than its revenues — keeps announcing deals to spend billions of dollars to acquire stakes in chip manufacturing companies. Unless they invent digital god and completely transform the entire global economy, like, really pretty soon, they’re inevitably going to run into some hard accounting realities.

While I hate to sully the names of Wallace & Gromit by association, the perfect metaphor for all of this AI stuff seems to be Gromit frantically laying down train track in front of the speeding train in which he is riding.

The difference is that, through the magic of animation, the box from which Gromit is pulling new track never goes empty.