OpenAI has nothing. There’s no new tech breakthroughs and it’s still hemorrhaging cash by the billion. Something they could brand “GPT-5” was due mid-2024. How to placate the investors …
Investors poured completely insane amounts of money into thd endless money pit that is ClosedAI.
then they realize betting everything on one horse was really stupid, since they have zero competitve advantage.
now they try to get as much loot off the sinking ship as possible lmao
OpenAI buys services from a pile of Altman’s other portfolio companies
which reminds me of one of my actual favourite parts of the bayfuckers playacting building companies: how absolutely self-cycling a lot of the funding ends up being. shartups burning fucking piles of money on other, also-VC-funded, shartups. totally normal and healthy way for money to flow.
Investors poured completely insane amounts of money into thd endless money pit that is ClosedAI. then they realize betting everything on one horse was really stupid, since they have zero competitve advantage.
now they try to get as much loot off the sinking ship as possible lmao
they’ll probably exit scam soon
it’s been an ongoing exit scam
OpenAI buys services from a pile of Altman’s other portfolio companies
which reminds me of one of my actual favourite parts of the bayfuckers playacting building companies: how absolutely self-cycling a lot of the funding ends up being. shartups burning fucking piles of money on other, also-VC-funded, shartups. totally normal and healthy way for money to flow.
it’s not startup gambling if it’s embezzlement