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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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[–] KoboldKomrade@hexbear.net 4 points 2 months ago

Its gonna hurt a lot of people directly related to the "computing industry" (haha i'm in danger) but I don't see it effecting the average person.

My company has its fingers in a lot of pies overall. The most we're doing "ai" is basically advanced parsing of data. The type of stuff that the average joe would never see ultimately. If the llm beasts decided to die tomorrow, then we'd have to reassign like 3 people. In an organization with at least 10 teams of 4+ people. In a company with thousands and thousands of employees. And specifically, we're the type of company that IF it were to collapse, average joe would 100% hear about it and be effected in a somewhat meaningful way.