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It 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 In
by Mistletoe 3y ago
It 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.