this post was submitted on 08 Oct 2024
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OpenAI Is A Bad Business (www.wheresyoured.at)
submitted 10 months ago by JRepin@lemmy.ml to c/technology@lemmy.world
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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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[–] magikmw@lemm.ee 4 points 10 months ago

My search engine usage for 25 years has been just me going "yeah right" and changing the query to make it better. But I'm wired to distrust what I feel is bullshit, and I've experienced not many people are.