this post was submitted on 16 Aug 2023
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Technology

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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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[–] bahmanm@mastodon.social 2 points 1 year ago* (last edited 1 year ago)

@bahmanm@lemmy.ml @hrefna I know you've been intimately following up on the fate of Haidra & Nivenly. Would love to know your thoughts re 👆

[–] Snapz@lemmy.world 2 points 1 year ago

Has this always been the plan? For one of the big tech companies to acquire them with less of a negative press hit/backlash?

[–] BelieveRevolt@hexbear.net 1 points 1 year ago
[–] tenshukun@discuss.online 1 points 1 year ago
[–] codepengu1n@feddit.it 1 points 1 year ago (1 children)

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 1 points 1 year ago

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.

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