Post B4ftDH5wAqTVLbOmCe by qole@techhub.social
(DIR) More posts by qole@techhub.social
(DIR) Post #B4fL64V1Cyf5oZWXaK by dangillmor@mastodon.social
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That supposed $1 billion Disney investment in "Open"AI was a mirage all along, as so many things related to the AI industry have come to be.https://www.reuters.com/technology/openai-set-discontinue-sora-video-platform-app-wsj-reports-2026-03-24/
(DIR) Post #B4fLSyAYuQ2OqKsFqS by mcc@mastodon.social
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@dangillmor what I'm confused is, if the investment is now withdrawn, did Sora get to use Disney IP for three months for free…?
(DIR) Post #B4fM0TQfhs2bLlNwoa by dangillmor@mastodon.social
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@mcc Not sure either. Looks like Disney got snowed in other ways, though.
(DIR) Post #B4fTqrvAagbW31a73Q by Npars01@mstdn.social
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@dangillmor @mcc In the years to come, we will discover how the AI bubble laundered cash for oligarchs. https://www.fairobserver.com/more/science/own-nothing-welcome-to-technofeudalism/Just like the housing market launders cash via private equity hedge funds for Russian & Chinese oligarchs. https://www.reuters.com/markets/europe/deutsche-bank-263-mln-shareholder-settlement-over-epstein-russian-oligarch-ties-2022-09-23/https://www.icij.org/investigations/russia-archive/how-a-network-of-enablers-have-helped-russias-oligarchs-hide-their-wealth-abroad/https://www.newyorker.com/magazine/2016/08/29/deutsche-banks-10-billion-scandalhttps://whowhatwhy.org/politics/government-integrity/deutsche-bank-global-bank-oligarchs-american-russian-part-2/https://www.theguardian.com/business/2019/apr/17/deutsche-bank-faces-action-over-20bn-russian-money-laundering-schemeAmericans can't afford homes because of the Epstein Classhttps://www.bankingdive.com/news/deutsche-bank-settles-lawsuit-jeffrey-epstein-oligarchs-relations-26-million/632660/https://dailydot.com/trump-wants-to-drive-housing-prices-uphttps://www.npr.org/2020/02/19/807191309/dark-towers-exposes-chaos-and-corruption-at-the-bank-that-holds-trump-s-secrets
(DIR) Post #B4ftDH5wAqTVLbOmCe by qole@techhub.social
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@dangillmor @drahardja The big buried red flag in that article is the supposed focus on artificial general intelligence, which is even more of a smoke and mirrors grift than the AI video grift was. And AI coding has only a couple of years left before it becomes obvious that it can't be trusted to write anything important or useful.