this post was submitted on 16 Aug 2023
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[❓] ChatGPT's fate hangs in the balance as OpenAI reportedly edges closer to bankruptcy (www.windowscentral.com)
submitted 1 year ago* (last edited 1 year ago) by bahmanm@lemmy.ml to c/technology@lemmy.ml
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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?

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[–] donuts@kbin.social 29 points 1 year ago (4 children)

AI as a business is already running on fumes, and it's going to become even more expensive once intellectual property law catches up to them. We can only hope that the AI bubble bursting doesn't take the entire market economy down with it...

[–] Taako_Tuesday@lemmy.ca 14 points 1 year ago* (last edited 1 year ago) (1 children)

At this point there are so many bubbles, the question is which one will burst first

[–] GlitzyArmrest@lemmy.world 7 points 1 year ago

Didn't the tech bubble burst already?

[–] borlax@lemmy.borlax.com 10 points 1 year ago (1 children)

Or we can hope that it does take the entire market economy down with it...

[–] donuts@kbin.social 2 points 1 year ago (1 children)

I mean, I get you, but personally I don't really like the idea of millions of innocent people losing their homes and most of their savings because some fucking dweebs decided to put all of our collective wealth in legally dubious automatic junk "content" generators. I've lived through enough crashes to know that it's never the big guys that get fucked when everything goes tits up, it's us, our parents, our grandparents, etc.

[–] borlax@lemmy.borlax.com 1 points 1 year ago

Yeah status quo is the only reason to not throw caution to the wind and burn the whole thing down. It’s why nothing will ever get better.

[–] mojo@lemm.ee 1 points 1 year ago

Well it doesn't help that ChatGPT is unoptimized as fuck with like 185b parameters for 3.5, and somewhere in the trillions for 4