Investors are barely breaking even as the venture is hardly making any profits due to a shortage of chips, divided interests, and more.
… OpenAI has already seen a $540 million loss since debuting ChatGPT.
… OpenAI uses approximately 700,000 dollars to run the tool daily.
⚠️ First off, apologies as I didn’t cross check. Take it w/ a grain of salt.
This piece of news, if true, somehow explains why OpenAI has been coming up w/ weird schemes for making $$$ like entering the content moderation space.
On a similar note, I wonder if this had been a key driver (behind the scenes) in the recent investment in open source AI initiatives (Haidra comes to my mind?) Perhaps some corporations who haven’t got enough $$$ to fund their own dedicated research group are looking to benefit from an open source model?
I really don’t understand how this is possible when Microsoft has invested billions into OpenAI
All it takes is a couple of dudes to buy a couple of yachts, private planes maybe another home or two. And poof. Its gone.
Burning through billions of investors money isnt the same as being profitable. The Silicon Valley gravy train is over, and investors are actually demanding to start seeing returns on their investments.