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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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[–] worfamerryman@beehaw.org 7 points 1 year ago (1 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.

[–] codepengu1n@feddit.it 2 points 1 year ago (1 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.

[–] SmoothIsFast@citizensgaming.com 1 points 1 year ago (1 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.

[–] codepengu1n@feddit.it 1 points 1 year ago (1 children)

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

[–] SmoothIsFast@citizensgaming.com 1 points 1 year ago

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