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This article is a joke. The sheer arrogance of publishing content about venture-backed AI businesses when you clearly have no clue about VC or AI... > OpenAI h
by a13n 2y ago
This article is a joke. The sheer arrogance of publishing content about venture-backed AI businesses when you clearly have no clue about VC or AI...
> OpenAI has not had anything truly important since the launch of GPT-3.5
> [OpenAI] has yet to create a truly meaningful product outside of Sam Altman's marketing expertise
So 4, 4o, o-1, DALL-E, ChatGPT, and their API platform aren't meaningful products?
> To be abundantly clear, as it stands, OpenAI currently spends $2.35 to make $1.
Uh, that's how venture capital works? Uber burnt cash like nobody's business, took SoftBank money, and is now a $175B public profitable company.
> It’s extremely worrying that the biggest player in the game only makes $1 billion (less than 30% of its revenue) from providing access to their models.
Name a single API that hit $1b in revenue in 2-4 years...
- minimaxir 2y ago> Uh, that's how venture capital works? Uber burnt cash like nobody's business, took SoftBank money, and is now a $175B public profitable company. The macroeconomics of venture capital are a bit different now than in the 2010's. OpenAI may be the one case too finanically extreme for conventional VC logic.
- a13n 2y ago> The macroeconomics of venture capital are a bit different now than in the 2010's. If you are growing revenue to $B in <5 years, and creating the fastest growing consumer app in world history, then 2010's VC rules still very much apply today.