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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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[–] saud@lemmy.ml 29 points 1 year ago (3 children)

I really don't understand how this is possible when Microsoft has invested billions into OpenAI

[–] atticus88th@lemmy.world 17 points 1 year ago

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.

[–] Jessper@beehaw.org 14 points 1 year ago (1 children)

It isn't. The article is obviously wrong.

[–] Peanutbjelly@sopuli.xyz 11 points 1 year ago

And you are the only voice of reason in this thread.

"Make up shit that makes OpenAI look bad" is like tech article gold right now. The amount of times i am seeing "look what ChatGPT said!!!" As if prompter intention is completely irrelevant to model output.

Objectivity doesn't exist anymore. It's just really popular to talk shit about ai right now.

Like when Altman effectively said "we should only regulate models as big or bigger than ours, we should not regulate small independent or open source models and businesses" to Congress, which was followed by endless articles saying "Sam Altman wants to regulate open source and stamp out smaller competition!"

I have no love for how unopen they've become, but at least align criticisms with reality please.

[–] Uncle_Bagel@midwest.social 8 points 1 year ago

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.