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

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.

  • BashfulBob [none/use name]
    ·
    10 hours ago

    Or maybe we'll just move on to the Next Thing, like we did after the VR and Crypto markets flopped.

    So long as you can print new cash faster than bag holders can go bankrupt, we can keep running this thing forever.

    If anyone important gets caught holding a bag, bailout and move on.

    • UlyssesT [he/him]
      ·
      9 hours ago

      Smug credulous bag holders said that everyone would be wearing bazinga headsets by, oh... 2021.

      Smug credulous bag holders said that internet funny money/NFTs would revolutionize everything and that we should get in on the ground floor in, oh... 2023.

      Now it's about how treat printers will magically fix the problems that their electrical demands and carbon output are making worse in 2025 and onward.

      same-as-it-ever-was