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Except they don't make any money from their products. They're losing hundreds of millions per month. This isn't the same at all.
by m00x 3y ago
Except they don't make any money from their products. They're losing hundreds of millions per month.
This isn't the same at all.
- mola 3y agoWell, this will give em time. Right now LLM have become a commodity. Everybody is got them and can research and develoo them. OpenAI is without a product, it has no advantage. But if the general public will be limited. It'll be hard to catch up to openAI. I'm sry for the cynicism, but Altman seems very much disingenuous with this.
- hammyhavoc 3y agoOpenAI is currently registered as a non-profit, yet they're projecting a billion dollars in revenue in 2024, and they sell access to their APIs, which if their previous spending is anything to go by, means they'll see half a billion dollars in profit if we assume they aren't going to reinvest it all. Some big assumptions.
- happytiger 3y ago> OpenAI is an American artificial intelligence (AI) research laboratory consisting of the non-profit OpenAI Incorporated and its for-profit subsidiary corporation OpenAI Limited Partnership. https://en.wikipedia.org/wiki/OpenAI https://en.wikipedia.org/wiki/OpenAI Just FYI, what you're saying isn't accurate. It was, but it's not anymore.
- hammyhavoc 3y agoMy internal model lacked data post-2021! I was hallucinating.
- itronitron 3y agoFTX was also losing money.
- Mistletoe 3y agoIt may be more the same than you know. FTX had tons of investors in it that was jumpstarting and fueling the whole ponzi... >According to a report from the Information, OpenAI's losses have doubled to $540 million since it started developing ChatGPT and similar products. I mean sure that may be a drop in the bucket compared to the 29B valuation for Open AI, but- >Sept. 22, 2022 >Crypto Exchange FTX May Get a $32 Billion Valuation. That’s Probably Too Much. OpenAI investors, Apr 2023- Tiger Global Management Andreessen Horowitz Thrive Capital Sequoia Capital K2 Global FTX investors, Jan 2022- Insight Partners Lightspeed Venture Partners Tiger Global Management New Enterprise Associates Temasek Institutional Venture Partners Steadview Capital SoftBank Ontario Teachers’ Pension Plan Paradigm
- brookst 3y agoAre you suggesting that OpenAI is a ponzi scheme where early investors are being paid with funds from later investors?
- Mistletoe 3y agoIt could be, they currently aren't making money really, right? We don't know if they can monetize it and we know the queries are quite expensive computationally.
- brookst 3y agoIsn't that true for every startup that needs capital before it knows if it will succeed? Usually we consider them high risk investments, not ponzi schemes.
- m00x 3y agoI reviewed the hearing in more details, and I'm now still in the opinion that it's not the same, but now I think that Sam Altman is a huge c** for this regulatory capture BS. I cancelled my ChatGPT plus membership. I'll be using OSS solutions like Vicuna from now ion.