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There's No 'AI Bubble', Says Yahoo Finance Executive Editor

"I'm here to say we have to give these AI bubble predictions a rest," says Yahoo Finance executive editor Brian Sozzi. First of all, AI is a real technology being deployed in real ways inside of Corporate America. Second, this technology is requiring more physical assets in the ground — which are being built to support AI's real-world application. What Zach Dell (son of Michael Dell) is working on at startup Base Power (which just raised $1 billion) impressed me this week. It's addressing a key issue — power availability and costs in part because of rising stress on the grid due to AI development. Next, the spending on AI infrastructure doesn't strike me as reckless. I talk to CFOs and they walk me through their thinking, which seems logical. They aren't foaming at the mouth with wild-eyed predictions of grandeur similar to the late '90s. Plus, the tech giants making the biggest AI investments are fueling their ambitions by cash on hand — not loading up balance sheets with debt. The upstarts in AI are well funded, not being 100% stupid in their organizational build-outs. They're working on tangible technology that has actual orders behind it... Lastly here in my scolding of the AI worrywarts is that valuations don't support the warning calls. According to new research out of Goldman Sachs this week, the median forward P/E ratio across the Magnificent Seven is 27 times, or 26 times if excluding Tesla (TSLA), which has a much higher multiple than the other companies. This is roughly half the equivalent valuation of the biggest seven companies in the late 1990s, while the dominant companies in Japan (mostly banks) traded at higher valuations still. What's more, the current enterprise-to-sales ratios are also much lower than those of the dominant companies in the late 1990s. "So it is true that valuations are high but, in our view, generally not at levels that are as high as are typically seen at the height of a financial bubble," said Goldman Sachs strategist Peter Oppenheimer.

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Amazon Smart Displays Are Now Being Bombarded With Ads

"Amazon Echo Show owners are reporting an uptick in advertisements on their smart displays," reports Ars Technica. The company's Echo Show smart displays have previously shown ads through the company's Shopping Lists feature, as well as advertising for Alexa skills. Additionally, Echo Shows may play audio ads when users listen to Amazon Music on Alexa. However, reports on Reddit (examples here, here, and here) and from The Verge's Jennifer Pattison Tuohy, who owns more than one Echo Show, suggest that Amazon has increased the amount of ads it shows on its smart displays' home screens. The Echo Show's apparent increase in ads is pushing people to stop using or even return their Echo Shows. The article notes Amazon's smart displays have also started showing ads for Alexa+ — and The Verge's reporter saw ads on one (but not all) of her Echo Shows this week. (Even when the display is set to show personal photos, ads sometimes appear for herbal supplements, Quest sports chips, and tabletop picture frames. Ars Technica notes that users "are unable to disable the home screen ads." When reached for comment, an Amazon spokesperson told Ars Technica: "Advertising is a small part of the experience, and it helps customers discover new content and products they may be interested in..." Amazon declined to comment on whether it has increased Echo Show ad loads... According to Amazon, Echo Show home screen ads change based on how close someone is to the gadget. "When the customer is more than four feet away from their device, ads will display full-screen in rotation with other content such as weather, recipes, sports, and news..."

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'Death to Spotify' Event Draws Interest From Some Musicians to Try Alternatives

An anonymous reader shared this report from the Guardian: This month, indie musicians in San Francisco gathered for a series of talks called Death to Spotify, where attenders explored "what it means to decentralize music discovery, production and listening from capitalist economies". The events, held at Bathers library, featured speakers from indie station KEXP, labels Cherub Dream Records and Dandy Boy Records, and DJ collectives No Bias and Amor Digital. What began as a small run of talks quickly sold out and drew international interest. People as far away as Barcelona and Bengaluru emailed the organizers asking how to host similar events. The talks come as the global movement against Spotify edges into the mainstream. In January, music journalist Liz Pelly released Mood Machine, a critical history arguing the streaming company has ruined the industry and turned listeners into "passive, uninspired consumers". Spotify's model, she writes, depends on paying artists a pittance — less still if they agree to be "playlisted" on its Discovery mode, which rewards the kind of bland, coffee-shop muzak that fades neatly into the background... The Death to Spotify organizers say their goal is not necessarily to shut the app down. "We just want everyone to think a little bit harder about the ways they listen to music," says [event co-founder] Manasa Karthikeyan. "It just flattens culture at its core if we only stick to this algorithmically built comfort zone." So the goal was "down with algorithmic listening, down with royalty theft, down with AI-generated music," according to the event's other co-founder, Stephanie Dukich. Basically some artists "are questioning whether it's doing much for them," says a professor of music at the University of Texas at Austin. The article cites performers who are trying Spotify alternatives, like pop-rock songwriter Caroline Rose, who released her new album only on vinyl and Bandcamp. "I find it pretty lame that we put our heart and soul into something and then just put it online for free," Rose says.

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Three-Wheeled Solar Car Maker Aptera is About to Go Public

Last November Aptera successfully tested its first production-intent three-wheel solar-powered EV — and said it already had over 50,000 reservations. The vehicles had a solar charge range of 40 miles per day, reported Digital Trends, noting the crowdfunded company's cars also had an NCAS charging port. ("Solar-powered electric vehicles are also being developed by the likes of Germany's Sono Motors and the Netherlands' Lightyear, and by big automakers such as Hyundai and Mercedes-Benz.") But this week the EV site Electrek pointed out that "There have been a handful of 'solar car' projects and they all have failed so far." Aptera is one of the rare survivors, thanks to a couple of relatively successful crowdfunding efforts. The company has been inching closer to bringing its vehicle to production, but it still appears to need some investments to make it happen. Now, Aptera is going public. Generally, that's good news. An initial public offering (IPO) means that a company is going to raise capital for its operations and give more people the opportunity to invest in the company. However, Aptera is not doing a traditional IPO. It's not even doing a SPAC deal. It's doing a direct listing, which means that if approved by NASDAQ, it will allow shareholders to trade their shares on the public market. This is usually an exit strategy for existing shareholders. Aptera won't receive any proceeds from going public... The company needs to be infused with capital soon, and this direct listing is not it. The top-rated comment on the site suggests "Open market trading will establish a fair price for exchanges among the holders. I don't think this necessarily indicates they are trying to wind down the company." And the article does also acknowledge the possibility of "public demand for the stock amid this crazy bubble we are in — resulting in a price increase, which Aptera takes advantage of with a public offering..." "Aptera has now confirmed that it has received NASDAQ approval and the stock will start trading on October 16."

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AI Slop? Not This Time. AI Tools Found 50 Real Bugs In cURL

The Register reports: Over the past two years, the open source curl project has been flooded with bogus bug reports generated by AI models. The deluge prompted project maintainer Daniel Stenberg to publish several blog posts about the issue in an effort to convince bug bounty hunters to show some restraint and not waste contributors' time with invalid issues. Shoddy AI-generated bug reports have been a problem not just for curl, but also for the Python community, Open Collective, and the Mesa Project. It turns out the problem is people rather than technology. Last month, the curl project received dozens of potential issues from Joshua Rogers, a security researcher based in Poland. Rogers identified assorted bugs and vulnerabilities with the help of various AI scanning tools. And his reports were not only valid but appreciated. Stenberg in a Mastodon post last month remarked, "Actually truly awesome findings." In his mailing list update last week, Stenberg said, "most of them were tiny mistakes and nits in ordinary static code analyzer style, but they were still mistakes that we are better off having addressed. Several of the found issues were quite impressive findings...." Stenberg told The Register that about 50 bugfixes based on Rogers' reports have been merged. "In my view, this list of issues achieved with the help of AI tooling shows that AI can be used for good," he said in an email. "Powerful tools in the hand of a clever human is certainly a good combination. It always was...!" Rogers wrote up a summary of the AI vulnerability scanning tools he tested. He concluded that these tools — Almanax, Corgea, ZeroPath, Gecko, and Amplify — are capable of finding real vulnerabilities in complex code. The Register's conclusion? AI tools "when applied with human intelligence by someone with meaningful domain experience, can be quite helpful." jantangring (Slashdot reader #79,804) has published an article on Stenberg's new position, including recently published comments from Stenberg that "It really looks like these new tools are finding problems that none of the old, established tools detect."

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California 'Privacy Protection Agency' Targets Tractor Supply's Tricky Tracking

California's Privacy Protection Agency "issued a record fine earlier this month to Tractor Supply," according to an EFF Deeplinks blog post — for "apparently ducking its responsibilities under the California Consumer Privacy Act." Under that law, companies are required to respect California customers' and job applicants' rights to know, delete, and correct information that businesses collect about them, and to opt-out of some types of sharing and use. The law also requires companies to give notice of these rights, along with other information, to customers, job applicants, and others. The CPPA said that Tractor Supply failed several of these requirements. This is the first time the agency has enforced this data privacy law to protect job applicants... Tractor Supply, which has 2,500 stores in 49 states, will pay for their actions to the tune of $1,350,000 — the largest fine the agency has issued to date. Specifically, the agency said, Tractor Supply violated the law by: - Failing to maintain a privacy policy that notified consumers of their rights; - Failing to notify California job applicants of their privacy rights and how to exercise them; - Failing to provide consumers with an effective mechanism to opt-out of the selling and sharing of their personal information, including through opt-out preference signals such as Global Privacy Control; and - Disclosing personal information to other companies without entering into contracts that contain privacy protections. In addition to the fine, the company also must take an inventory of its digital properties and tracking technologies and will have to certify its compliance with the California privacy law for the next four years. The agency's web site says it "continues to actively enforce California's cutting-edge privacy laws." It's recently issued decisions (and fines) against American Honda Motor Company and clothing retailer Todd Snyder. Other recent actions include: Securing a settlement agreement requiring data broker Background Alert — which promoted its ability to dig up "scary" amounts of information about people — to shut down or pay a steep fine. Launching the bipartisan Consortium of Privacy Regulators to collaborate with states across the country to implement and enforce privacy laws nationwide. Partnering with the data protection authorities in Korea, France, and the United Kingdom to share information and advance privacy protections for Californians. The agency has secured more than half a dozen successful enforcement actions against unregistered data brokers following an investigative sweep launched late last year to assess compliance with the Delete Act.

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Cryptologist DJB Alleges NSA is Pushing an End to Backup Algorithms for Post-Quantum Cryptography

Cryptologist/CS professor Daniel J. Bernstein is alleging that America's National Security Agency is attempting to influence NIST post-quantum cryptography standards. Bernstein first emphasizes that it's normal for post-quantum cryptography (or "PQ") to be part of "hybrid" security that also includes traditional pre-quantum cryptography. (Bernstein says this is important because since 2016, "We've seen many breaks of post-quantum proposals...") "The problem in a nutshell. Surveillance agency NSA and its [UK counterpart] GCHQ are trying to have standards-development organizations endorse weakening [pre-quantum] ECC+PQ down to just PQ." Part of this is that NSA and GCHQ have been endlessly repeating arguments that this weakening is a good thing... I'm instead looking at how easy it is for NSA to simply spend money to corrupt the standardization process.... The massive U.S. military budget now publicly requires cryptographic "components" to have NSA approval... In June 2024, NSA's William Layton wrote that "we do not anticipate supporting hybrid in national security systems"... [Later a Cisco employee wrote of selling non-hybrid cryptography to a significant customer, "that's what they're willing to buy. Hence, Cisco will implement it".] What do you do with your control over the U.S. military budget? That's another opportunity to "shape the worldwide commercial cryptography marketplace". You can tell people that you won't authorize purchasing double encryption. You can even follow through on having the military publicly purchase single encryption. Meanwhile you quietly spend a negligible amount of money on an independent encryption layer to protect the data that you care about, so you're actually using double encryption. This seems to be a speculative scenario. But Bernstein is also concerned about how the Internet Engineering Task Force handled two drafts specifying post-quantum encryption mechanisms for TLS ("the security layer inside HTTPS and inside various other protocols"). For a draft suggesting "non-hybrid" encryption, there were 20 statements of support (plus 2 more only conditionally supporting it), but 7 more statements unequivocally opposing adoption, including one from Bernstein. The IETF has at times said they aim for "rough consensus" — or for "broad consensus" — but Bernstein insists 7 opposers in a field of 29 (24.13%) can't be said to match the legal definition of consensus (which is "general agreement"). "I've filed a formal complaint regarding the claim of consensus to adopt." He's also written a second blog post analyzing the IETF's decision-making process in detail. "It's already bad that the IETF TLS working group adopted non-hybrid post-quantum encryption without official answers to the objections that were raised. It's much worse if the objections can't be raised in the first place." Thanks to alanw (Slashdot reader #1,822) for spotting the blog posts.

Read more of this story at Slashdot.


Ferrari Announces Its First Electric Sports Car, Promising Real Engine Noises - Sort Of

Ferrari's first electric car arrives next summer, reports Carscoops, with a top speed of 193 mph (310 km/h) and accelerating from 0 to 62 mph (0 to 100 km/h) in just 2.5 seconds. "The Elettrica" will also have a large high-density battery for over 329 miles (530 km) of range, ultra-fast DC charging up to 350 kW, and a 122 kWh capacity and an energy density of 195 Wh/kg that Ferrari "claims is the highest among production EVs." But what's really interesting is its engine noises: Ferrari's approach to the Elettrica's sound moves away from artificial engine simulation. Instead, a sensor mounted on the inverter detects the powertrain's real mechanical vibrations, which are then amplified to create what the company describes as a natural, evolving tone that reflects how the car is being driven... a reactive soundtrack. Antonio Palermo [Ferrari's head of sound and vibration] calls it "language and connection," a way to keep drivers emotionally engaged with the car without resorting to synthetic gimmicks... Needless to say, how convincing this synthesized feedback will feel in practice remains to be seen, as much of Ferrari's allure has traditionally rested on the emotional impact of its combustion engines. "The Torque Shift Engagement system offers five selectable levels of power and torque using the right paddle, while the left paddle adjusts braking intensity," the article points out. But if the engine noises are well-executed, argues the EV news site Electrek, "I even think it might convince some petrolheads to give EVs a try," . Whether you like them or not, engine sounds are essential, especially in performance vehicles. They are part of the identity of certain cars — a sort of signature. They can be emotional. They can give a sense of power. But beyond that, they are information. The pitch, volume, and texture of the engine sound provide critical, real-time feedback to the driver about RPM, load, and the car's health. Some electric automakers are using curated soundscapes (like BMW with Hans Zimmer) or trying to mimic V8s (like Dodge with its "Fratzonic Chambered Exhaust")... Other automakers are simply letting the natural sounds of the electric motors exist. There's nothing wrong with that. However, considering that electric motors produce minimal sounds, which are then trapped inside a metal casing, you rarely hear anything significant, especially in modern vehicles with quiet cabins and even active noise cancellation. For most EVs, this is not a problem, but for a performance electric vehicle, it does feel like something is missing... Ferrari insists the sound will only be used when "functionally useful" to provide feedback to the driver and will be directly tied to torque requests... The entire system was reportedly developed in-house, giving Ferrari complete control over the vehicle's final acoustic signature... [T]hey are embracing the new technology rather than hiding it. They are making a confident statement that an electric powertrain can be emotionally engaging on its own terms, without having to pretend to be something it's not... If you prefer a completely silent drive, you can disable it. Electrek's conclusion? "The purists who were worried that Ferrari would lose its soul in the EV transition should be encouraged by this."

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In Copilot In Excel Demo, AI Told Teacher a 27% Exam Score Is of No Concern

A demo of educational AI-powered tools by a Microsoft product manager (in March of 2024) showed "how AI has the possibility to transform various job sectors and the education system," according to one report. But that demo "includes a segment on Copilot in Excel that is likely to resonate with AI-wary software developers," writes long-time Slashdot theodp: The Copilot in Excel segment purports to show how even teachers who were too "afraid of" or "intimidated" to use Excel in the past can now just use natural language prompts to conduct Excel analysis. But Copilot advises the teacher there are no 'outliers' in the exam scores for their 17 students, whose test scores range from 27%-100%. (This is apparently due to Copilot's choice of an inappropriate outlier detection method for this size population and score range). Fittingly, the student whose 27% score is confidently-but-incorrectly deemed to be of no concern by Copilot is named after Michael Scott, the largely incompetent and unprofessional boss of The Office. (Microsoft also named the other exam takers after characters from The Office). The additional Copilot student score "analysis" touted by Microsoft in the demo is also less than impressive. It includes: 1. A vertical bar chart that fails to convey the test score distribution that a histogram would have (a rookie chart choice mistake), 2. A horizontal bar chart of student scores that only displays every other student's name and shows no score values (a rookie formatting error)... So, will teachers — like programmers — be spending a significant amount of time in the future reviewing, editing, and refining the outputs of their AI agent helpers? "Not only does it illustrate how the realities of AI assistants sometimes fall maddeningly short of the promises," argues the original submission. "The demo also shows how AI vendors and customers alike sometimes forget to review promotional AI content closely in all the AI excitement!"

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New Large Coral Reef Discovered Off Naples Containing Rare Ancient Corals

Off the southwest cost of Italy, a remotely operated submarine made "a significant and rare discovery," reports the Independent — a vast white coral reef that was 80 metres tall (262 feet) and 2 metres wide (6.56 feet) "containing important species and fossil traces." Often dubbed the "rainforests of the sea", coral reefs are of immense scientific interest due to their status as some of the planet's richest marine ecosystems, harbouring millions of species. They play a crucial role in sustaining marine life but are currently under considerable threat... hese impressive formations are composed of deep-water hard corals, commonly referred to as "white corals" because of their lack of colour, specifically identified as Lophelia pertusa and Madrepora oculata species. The reef also contains black corals, solitary corals, sponges, and other ecologically important species, as well as fossil traces of oysters and ancient corals, the Italian Research Council said. It called them "true geological testimonies of a distant past." Mission leader Giorgio Castellan said the finding was "exceptional for Italian seas: bioconstructions of this kind, and of such magnitude, had never been observed in the Dohrn Canyon, and are rarely seen elsewhere in our Mediterranean". The discovery will help scientists understand the ecological role of deep coral habitats and their distribution, especially in the context of conservation and restoration efforts, he added. The undersea research was funded by the EU. Thanks to davidone (Slashdot reader #12,252) for sharing the article.

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'Tron: Ares' Mode Turns Teslas Into Glowing Light Cycles — Despite Bad Box Office

An anonymous reader shared this report from The Wrap Tesla this weekend introduced a new "Tron: Ares" mode, giving drivers an opportunity to turn their on-screen vehicles into the glowing Light Cycles that have been a big part of the Disney franchise since 1982. The optional update started rolling out on Friday, as Tron: Ares debuted in theaters. Tesla announced the update on X: "The grid has expanded to your Tesla — Tron: Ares update rolling out now." The feature is activated in Tesla's Toybox "infotainment" system, and turns the driver's vehicle avatar into a red Light Cycle. For drivers who have the "ambient lighting" feature, the mode will also expand the theme throughout the cabin. There was also a sleek black Tesla Optimus robot at the premier of Tron: Ares. Ironically, the Hollywood Reporter writes that by box office figures, "Tron is in big trouble," selling fewer tickets than expected (despite the movie's $180 million pre-marketing budget). While Tron's audience reviews gave it an 86% score on Rotten Tomatoes, its score with critics is just 57%. The Los Angeles Times says the movie "has glowing style, but its storytelling doesn't compute." (Or, as the New York Times puts it, "Who needs logic when you have neon?")

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German State of Schlesiwg-Holstein Migrates To FOSS Groupware. Next Up: Linux OS

Long-time Slashdot reader Qbertino writes: German IT news outlet Heise reports [German-language article] that the northern most state Schleswig-Holstein has, after half a year of frantic data migration work, successfully migrated their MS Outlook mail and groupware setups to a FOSS solution using Open-Xchange and Thunderbird. Stakeholders consider the move a major success and milestone to digital sovereignty and saving costs. This move makes the state a pioneer in Germany. As a next major step Schleswig-Holstein plans to migrate their authorities and administrations desktop PCs to Linux. The state has achieved "digital sovereignty by ditching Microsoft for open source solutions," writes the site It's FOSS, adding that European nations "have generally been more progressive in adopting open source solutions for government operations." The migration affected around 30,000 employees across various government departments. This includes the State Chancellery, ministries, judiciary, state police, and other state authorities. Over 40,000 mailboxes containing more than 100 million emails and calendar entries were moved to the new system. The state has adopted Open-Xchange as its email server solution and Thunderbird as the email client.... [Digitization Minister Dirk Schrödter] emphasized that "We are real pioneers. We can't fall back on the experience of others -, there is hardly a comparable project of this magnitude anywhere in the world."

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New California Privacy Law Will Require Chrome/Edge/Safari to Offer Easy Opt-Outs for Data Sharing

"California Governor Gavin Newsom signed the 'California Opt Me Out Act', which will require web browsers to include an easy, universal way for users to opt out of data collection and sales," reports the blog 9to5Mac: [The law] requires browsers to provide a clear, one-click mechanism for Californians to opt out of data sharing across websites. The bill reads: "A business shall not develop or maintain a browser that does not include functionality configurable by a consumer that enables the browser to send an opt-out preference signal to businesses with which the consumer interacts through the browser...." Californians will need patience, though, as the law doesn't take effect until January 1, 2027. Americans in some states — including California, Texas, Colorado, New Jersey and Maryland — "have the option to make those opt-out demands automatic whenever they surf the web," reports the Washington Post. "But they can only do so if they use small browsers that voluntarily offer that option, such as DuckDuckGo, Firefox and Brave. What's new in California's law is that all browsers must give people the same option." That means soon in California, just using Google's Chrome, Apple's Safari and Microsoft's Edge can command companies not to sell your data or pass it along for ad targeting... It's an imperfect but potent and simple way to flex privacy rights — and becomes even more powerful with another simple privacy measure in California. Starting on January 1, California residents can fill out an online form once to completely and repeatedly wipe their data from hundreds of data brokers that package your personal information for sale. But their article also suggests other ways readers can "try a one-click privacy option now." "[S]ome national companies respect one-click privacy opt-out requests from everyone... This happens automatically if you use DuckDuckGo and Brave. You need to change a setting with Firefox." "Download Privacy Badger: The software from the Electronic Frontier Foundation, a consumer privacy advocacy group, works in the background to order websites not to sell information they're collecting about you." "Use Permission Slip from Consumer Reports. Give the app basic information, and it will help you do much of the legwork to tell companies not to sell your information or to delete it, if you have the right to do so."

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Bitcoin and Other Cryptocurrencies Had Double-Digit Drops Friday, Largest Liquidation Event Ever

An anonymous reader shared this report from the Independent: Bitcoin and Ethereum both saw record liquidations as investors reacted to fears over a trade war, which saw many crypto investors move their money to stablecoins or safer assets... Bitcoin fell by more than 10 per cent to below $110,000, before recovering to $113,096 on Saturday morning. The value of Ethereum slumped by 11.2 per cent to $3,878. Other cryptocurrencies, including XRP, Doge and Ada, fell around 19 per cent, 27 per cent, and 25 per cent in the last 24 hours, respectively. LiveMint shares some statistics from Bloomberg: Citing 24-hour data from Coinglass, the report noted that more than $19 billion has been wiped out in the "largest liquidation event in crypto history", which impacted more than 1.6 million traders. It added that more than $7 billion of those positions were sold in less than one hour of trading on October 10. According to data on CoinMarketCap, the cryptocurrency market cap has dived to $3.74 trillion from the record-high $4.30 trillion level, the previous day. Trading volumes as of the market close were recorded at $490.23 billion. Bitcoin retreated on Friday, as US-China trade tensions reignited, after racing to record highs earlier in the week as persistent rate-cut bets and signs of some cooling in geopolitical tensions helped boost risk. Bitcoin was trading at $105,505.4 on Friday, down 13.15% on the day.

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'Circular' AI Mega-Deals by AI and Hardware Giants are Raising Eyebrows

"Nvidia is investing billions in and selling chips to OpenAI, which is also buying chips from and earning stock in AMD," writes SFGate. "AMD sells processors to Oracle, which is building data centers with OpenAI — which also gets data center work from CoreWeave. And that company is partially owned by, yes, Nvidia. "Taken together, it's a doozy." There are other collaborations and rivalries and many other factors at play, but OpenAI is the many-tentacled octopus in the middle, spinning its achievement of ChatGPT into a blitz of speculative investments. "We are in a phase of the build-out where the entire industry's got to come together and everybody's going to do super well," OpenAI CEO Sam Altman told the Wall Street Journal on Monday. "You'll see this on chips. You'll see this on data centers. You'll see this lower down the supply chain...." Some worry that the more closely companies intertwine, the more susceptible they are to creating a bubble, or a market not actually supported by real consumer demand. "You don't have to be a skeptic about AI technology's promise in general to see this announcement as a troubling signal about how self-referential the entire space has become," Bespoke Investment Group wrote in a note to clients, per CNBC. "If NVDA has to provide the capital that becomes its revenues in order to maintain growth, the whole ecosystem may be unsustainable..." Also, even with Nvidia's investment, AMD's shares and OpenAI's repeated fundraises, the ChatGPT-maker doesn't have the cash to meet all of these vast commitments. And if OpenAI's soaring projections about demand for AI computing don't bear out, there will be a lot of committed money — and a large share of the stock market — that would see its foundations topple. Thanks to long-time Slashdot reader mspohr for sharing the news.

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