OpenAI could lose $5 billion in 2024
OpenAI could lose $5 billion in 2024
pivot-to-ai.com
OpenAI could lose $5 billion in 2024
25 comments
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The big men educated in Finance would probably scoff at my ignorant remark, but anyways here goes: isn’t this the modus operandi of these massively swollen tech "startups"? Spotify for example has been operating at a loss for what, 15 years?
Something like:
- screw people over
- get funding
- bleed money
- ???
- get more funding
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I'd expect the current interest rates make it a less viable strategy.
Also, money is fake but I'd expect there's a limit to just how many billions you can burn before you can't get away with it.
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Unless they get that infinite money cheat code from Robinhood securities
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Dear CHATGPT how do we get our company more money?
"That's a great question. To get more money simply bring up the console and enter 'rosebud!;! ;! ;! ;!'"
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all of the others next please
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Oh no!
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Anyway.
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Another classic Samai photo
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it's the best samalt photo
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Dear Santa, please let OpenAI double its net profits.
25 comments
Yann and co. just dropped llama 3.1. Now there's an open source model on par with OAI and Anthropic, so who the hell is going to pay these nutjobs for access to their apis when people can get roughly the same quality for free without the risk of having to give your data to a 3rd party?
These chuckle fucks are cooked.
For "free" except you need thousands of dollars upfront for hardware and a full hardware/software stack you need to maintain.
This is like saying azure is cooked because you can rack mount your own PC
OpenAI is losing money on every user and has no moat other than subsidies from VCs, but that's ok because they'll make it up in volume.
That's mostly true. But if you have a GPU to play video games on a PC running Linux, you can easily use Ollama and run llama 3 with 7 billion parameters locally without any real overhead.
Dumbass detected