OpenAI Going To Lose $5B: Needs Another Cash Raise

in LeoFinance3 months ago

▶️ Watch on 3Speak


OpenAI is on path to lose $5B this year. It is going through about $7B in training and $1.5B in staff.

In this video I discuss the different players and how they are faring in the AI race. The monetization is crucial since the cash burn is huge. OpenAI is not unique in this situation. The difference is most of the others are large organizations.

Here is the link to the article cited in the video:

https://cointelegraph.com/news/openai-could-lose-5b-this-year-and-run-out-of-cash-in-12-months-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound


▶️ 3Speak

Sort:  

I'm not saying I'm too surprised. I saw the lawsuits, and there was a hint of desperation when they wanted AI to be available to only a few companies. They don't have a lot of data sources, and will probably need to buy/steal them. They have a lot of demo and products already out, but they don't bring a lot of profits. Having a lot of competition, and the availability of free options doesn't help them either. If they can release a finished AI video software, I can see them partnering with a lot of studios. I don't expect them to go bankrupt, there are a lot of companies that will readily buy them and enter the AI race.

We have to open things up. It is imperative that we add more data for these models to train upon. The internet is being locked down.

I feel bad for OpenAI, though potential exist for it's specifications but they have to survive till then and competition might even lower the sell price as you stated which is true, they are basically trained with somewhat the same source. So I hope they survive the rat race of debt not to go into bankruptcy, I think they should take a plan, wouldn't that aid ?

Hello taskmaster4450!

It's nice to let you know that your article will take 13th place.
Your post is among 15 Best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by blind-spot

You receive 🎖 0.3 unique LUBEST tokens as a reward. You can support Lu world and your curator, then he and you will receive 10x more of the winning token. There is a buyout offer waiting for him on the stock exchange. All you need to do is reblog Daily Report 371 with your winnings.

2.png


Invest in the Lu token (Lucoin) and get paid. With 50 Lu in your wallet, you also become the curator of the @hive-lu which follows your upvote.
Buy Lu on the Hive-Engine exchange | World of Lu created by szejq

If you no longer want to receive notifications, reply to this comment with the word STOP or to resume write a word START