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[❓] ChatGPT's fate hangs in the balance as OpenAI reportedly edges closer to bankruptcy (www.windowscentral.com)

submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]

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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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[–] [email protected] 7 points 10 months ago (4 children)

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.

[–] [email protected] 2 points 10 months ago (3 children)

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.

[–] [email protected] 1 points 10 months ago (2 children)

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.

[–] [email protected] 1 points 10 months ago (1 children)

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

[–] [email protected] 1 points 10 months ago

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