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?
Capitalists are so efficient with the allocation of resources that they can go bankrupt after partnering/ ring acquired by Microsoft
Is this IBMification or whatever tech bros are calling late capitalism now