[❓] ChatGPT's fate hangs in the balance as OpenAI reportedly edges closer to bankruptcy (www.windowscentral.com)
from bahmanm@lemmy.ml to technology@lemmy.ml on 16 Aug 2023 20:44
https://lemmy.ml/post/3429517

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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victron@programming.dev on 17 Aug 2023 23:29 next collapse

That was a quick bubble

BurgerPunk@hexbear.net on 18 Aug 2023 00:26 collapse

These new schemes seem to burst more and more quickly. I’m pretty sure someone wrote something about it in some books i wish I’d read so I’d understand this phenomenon <img alt="thinkin-lenin" src="https://www.hexbear.net/pictrs/image/cc7e95a8-2de0-4fcb-823c-db5b7e923093.png">

victron@programming.dev on 18 Aug 2023 01:17 collapse

People already forgot about those stupid chimp pictures. Except for the idiots that bought them.

BurgerPunk@hexbear.net on 18 Aug 2023 01:21 collapse

To be fair i think part of that is because people don’t even realize you can use multiple juices on a single ape

UlyssesT@hexbear.net on 18 Aug 2023 09:01 collapse

To be fair i think part of that is because people don’t even realize you can use multiple juices on a single ape

This remains evergreen for me. <img alt="chefs-kiss" src="https://www.hexbear.net/pictrs/image/82365864-94da-46a6-acf9-c38da1519c3d.png">

boyi@lemmy.sdf.org on 18 Aug 2023 00:40 next collapse

Sorry to say, I would take this with grain of salt. Not making profits is part of business model of these pioneering companies. Google, Amazon and Uber (etc) were in the negatives for so many years and they absorbed the losses in order to be the dominant brands where at the end users become dependent on them. At that point they’ll start to charge exorbitantly and forcefully add unneeded features that will exert more control upon their users but there’s nothing that they can do but pay, for the simple fact that they can’t do without them.

wahming@monyet.cc on 18 Aug 2023 00:51 next collapse

It’s kinda hilarious how many people are swallowing this article without any salt whatsoever.

philluminati@lemmy.ml on 18 Aug 2023 08:52 next collapse

Uber has never turned a profit for 14 years. I’m guessing it’s windows central who is facing bankruptcy, intellectually speaking.

TehPers@beehaw.org on 18 Aug 2023 09:35 collapse

Didn’t Uber recently have its first profitable quarter?

philluminati@lemmy.ml on 18 Aug 2023 17:30 collapse

It did indeed.

BelieveRevolt@hexbear.net on 18 Aug 2023 10:54 next collapse

<img alt="sicko-yes" src="https://www.hexbear.net/pictrs/image/72ee2a95-169b-4bb8-9be3-167e42f4d5d1.png"> <img alt="yes-hahaha-yes-l" src="https://www.hexbear.net/pictrs/image/f05e801b-be2d-4a2b-8ccc-25123f426102.png">

andscape@feddit.it on 18 Aug 2023 12:01 collapse

Me when I start seeing sickoposting in my default Lemmy comms

<img alt="sicko-yes" src="https://www.hexbear.net/pictrs/image/72ee2a95-169b-4bb8-9be3-167e42f4d5d1.png">

marketing@reddthat.com on 18 Aug 2023 11:30 next collapse

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Facky@hexbear.net on 18 Aug 2023 11:45 collapse

Ad bots on Lemmy? Lol

codepengu1n@feddit.it on 18 Aug 2023 14:45 collapse

If Twitter ran for decades on a loss, so will OpenAI. Worst case scenario they get completely absorbed by MS and have the bill footed by them. Kind of what happened with Youtube.

worfamerryman@beehaw.org on 18 Aug 2023 14:49 collapse

One of the reasons tech companies were able to operate for a long time at a loss was due to interest rates being really low.

I think the increased interest rates are the reason for twitter, reddit, and other companies trying to monetize harder.

I could be wrong, I am not an economist. This is just the kind of stuff, I have read in other subs.

codepengu1n@feddit.it on 18 Aug 2023 14:51 collapse

That’s definitely part of the truth. However, something as valuable as OpenAI would still be worth paying for for some tech giant that can afford it.

SmoothIsFast@citizensgaming.com on 18 Aug 2023 15:29 collapse

Maybe before they just decided they could make it bigger without much refinement and now have a completely shit system that’s just a glorified chat bot with a high ego to assert its false knowledge.

codepengu1n@feddit.it on 19 Aug 2023 01:54 collapse

I don’t think that’s true. Maybe ChatGPT is a glorified chatbot, but their GPT-4 stuff is pretty good.

SmoothIsFast@citizensgaming.com on 19 Aug 2023 20:46 collapse

Gpt 4 is more convincing without any less hallucinations, it’s not better its worse due to that fact.