This article, published on the platform "Predict," delves into the financial struggles of OpenAI, the company behind the popular AI model, ChatGPT. The author, Will Lockett, argues that the current AI frenzy, rather than a passing trend, is a symptom of deeper societal issues. He highlights OpenAI's dire financial situation, citing a report from "The Information" that reveals the company is on track to post a $5 billion loss by the end of the year. This is despite their recent efforts to raise $6.5 billion in investments, which would value the company at $150 billion.
Lockett emphasizes the unsustainable nature of OpenAI's business model, pointing to the escalating costs of developing larger and more capable AI models. These costs, estimated to be around $3 billion per year currently, are projected to exceed $7 billion annually as OpenAI strives to maintain its competitive edge. The author suggests that even with the new investments, OpenAI's financial stability is precarious at best, providing only a temporary solution to a much larger problem. He concludes by hinting at the existence of evidence that calls into question OpenAI's ability to produce these advanced models and achieve profitability, a topic he promises to explore in a future piece.
To Another Language
from source content
medium.com
Key Insights Distilled From
by Will Lockett at medium.com 10-24-2024
https://medium.com/predict/im-now-terrified-of-ai-and-you-should-be-too-4f6bb69bba71Deeper Inquiries