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OpenAI Is A Bad Business (www.wheresyoured.at)

submitted 4 weeks ago by JRepin@lemmy.ml to c/technology@lemmy.ml

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OpenAI, a non-profit AI company that will lose anywhere from $4 billion to $5 billion this year, will at some point in the next six or so months convert into a for-profit AI company, at which point it will continue to lose money in exactly the same way. Shortly after this news broke, Chief Technology Officer Mira Murati resigned, followed by Chief Research Officer Bob McGrew and VP of Research, Post Training Barret Zoph, leaving OpenAI with exactly three of its eleven cofounders remaining.

This coincides suspiciously with OpenAI's increasingly-absurd fundraising efforts, where (as I predicted in late July) OpenAI has raised the largest venture-backed fundraise of all time $6.6 billion— at a valuation of $157 billion.

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[–] imPastaSyndrome@lemm.ee 7 points 4 weeks ago

There is no path to profitability for them. Unlike other recent billion dollar tech companies there are no human workers to squeeze. Hardware doesn't work for less than minimum wattage.

Kind of funny to see them Trying to capitalism squeeze physical laws And fail.