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[❓] ChatGPT's fate hangs in the balance as OpenAI reportedly edges closer to bankruptcy (www.windowscentral.com)
submitted 10 months ago* (last edited 10 months ago) by bahmanm@lemmy.ml to c/technology@lemmy.ml
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Investors are barely breaking even as the venture is hardly making any profits due to a shortage of chips, divided interests, and more.

... OpenAI has already seen a $540 million loss since debuting ChatGPT.

... OpenAI uses approximately 700,000 dollars to run the tool daily.

⚠️ First off, apologies as I didn't cross check. Take it w/ a grain of salt.

This piece of news, if true, somehow explains why OpenAI has been coming up w/ weird schemes for making $$$ like entering the content moderation space.

On a similar note, I wonder if this had been a key driver (behind the scenes) in the recent investment in open source AI initiatives (Haidra comes to my mind?) Perhaps some corporations who haven't got enough $$$ to fund their own dedicated research group are looking to benefit from an open source model?

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[-] saud@lemmy.ml 32 points 10 months ago

I really don't understand how this is possible when Microsoft has invested billions into OpenAI

[-] atticus88th@lemmy.world 17 points 10 months ago

All it takes is a couple of dudes to buy a couple of yachts, private planes maybe another home or two. And poof. Its gone.

[-] Jessper@beehaw.org 14 points 10 months ago

It isn't. The article is obviously wrong.

[-] Peanutbjelly@sopuli.xyz 11 points 10 months ago

And you are the only voice of reason in this thread.

"Make up shit that makes OpenAI look bad" is like tech article gold right now. The amount of times i am seeing "look what ChatGPT said!!!" As if prompter intention is completely irrelevant to model output.

Objectivity doesn't exist anymore. It's just really popular to talk shit about ai right now.

Like when Altman effectively said "we should only regulate models as big or bigger than ours, we should not regulate small independent or open source models and businesses" to Congress, which was followed by endless articles saying "Sam Altman wants to regulate open source and stamp out smaller competition!"

I have no love for how unopen they've become, but at least align criticisms with reality please.

[-] Uncle_Bagel@midwest.social 13 points 10 months ago

Burning through billions of investors money isnt the same as being profitable. The Silicon Valley gravy train is over, and investors are actually demanding to start seeing returns on their investments.

this post was submitted on 16 Aug 2023
241 points (88.5% liked)

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