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

submitted 2 months ago by JRepin@lemmy.ml to c/technology@hexbear.net

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cross-posted from: https://lemmy.ml/post/21121074

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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[–] UlyssesT@hexbear.net 5 points 2 months ago

There are credulous dipshits here that buy into the "this is the future and will dominate everything forever and ever* hype spiel.

It's a marketing juggernaut. Defeatable, maybe inevitably prone to failure, but the momentum right now is extraordinary, and planet-ruining too.