[❓] ChatGPT's fate hangs in the balance as OpenAI reportedly edges closer to bankruptcy

codepengu1n, 9 months ago

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, 9 months 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.

codepengu1n, 9 months ago

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, 9 months ago

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, 9 months ago

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

SmoothIsFast, 9 months ago

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

BelieveRevolt, 9 months ago

sicko-yes yes-hahaha-yes-l

andscape, 9 months ago

Me when I start seeing sickoposting in my default Lemmy comms

sicko-yes

philluminati, 9 months ago

Uber has never turned a profit for 14 years. I’m guessing it’s windows central who is facing bankruptcy, intellectually speaking.

TehPers, 9 months ago

Didn’t Uber recently have its first profitable quarter?

philluminati, 9 months ago

It did indeed.

wahming, 9 months ago

It’s kinda hilarious how many people are swallowing this article without any salt whatsoever.

boyi, 9 months ago

Sorry to say, I would take this with grain of salt. Not making profits is part of business model of these pioneering companies. Google, Amazon and Uber (etc) were in the negatives for so many years and they absorbed the losses in order to be the dominant brands where at the end users become dependent on them. At that point they’ll start to charge exorbitantly and forcefully add unneeded features that will exert more control upon their users but there’s nothing that they can do but pay, for the simple fact that they can’t do without them.

victron, 9 months ago

That was a quick bubble

BurgerPunk, 9 months ago

These new schemes seem to burst more and more quickly. I’m pretty sure someone wrote something about it in some books i wish I’d read so I’d understand this phenomenon thinkin-lenin

victron, 9 months ago

People already forgot about those stupid chimp pictures. Except for the idiots that bought them.

BurgerPunk, 9 months ago

To be fair i think part of that is because people don’t even realize you can use multiple juices on a single ape

UlyssesT, 9 months ago

To be fair i think part of that is because people don’t even realize you can use multiple juices on a single ape

This remains evergreen for me. chefs-kiss

Topdog, 9 months ago

Good

Fuckass, 9 months ago

Capitalists are so efficient with the allocation of resources that they can go bankrupt after partnering/ ring acquired by Microsoft

Sinonatrix, 9 months ago

be “”“worth”“” 2.7T

unable to afford world’s most hyped research project despite it burning less than 1b

Is this IBMification or whatever tech bros are calling late capitalism now

DefinitelyNotAPhone, 9 months ago

Company whose business model is based entirely on running an enormously massive and expensive LLM and then serving content with it publicly for free with no greater ideas on actually turning that into a business is going under. In other news, water still wet.

I’ll admit I thought the AI bubble was going to last longer than a few months (and inevitably FAANG will probably artificially extend it until even they have to admit there’s not a ton of productive real world uses for it), but I suppose late stage capitalism has to speedrun the boom-bust cycle as it gets increasingly desperate for profit.

somename, 9 months ago

Well, AI is still going to be a buzzword for capitalists to throw around, as it does actually have uses and big profit usages in certain fields. Just, like, it’s certain fields. Then the grifters will continue to try to extrapolate that success to increasingly far removed use cases, with increasingly stupid promises.

RubberDucky, 9 months ago

And instead of trying to make it use less resources to run, unlike Llama tries, openai just makes a new gpt that needs even more resources

Durotar, 9 months ago

openai just makes a new gpt that needs even more resources

If they have investors who are paying for that, I see no problem. Operating at loss is not newsworthy nowadays, this is new reality.

HKayn, 9 months ago

It has found a few legitimate uses though, hasn’t it? GitHub Copilot comes to mind, although the legal implications of it are up in the air.

blkpws, 9 months ago

Well, I suppose they made it public because they needed testers, and with that data is how they improve ChatGPT.

mojo, 9 months ago

They also didn’t design ChatGPT to be power efficient at all, so that’s bloating up their operating costs a ton.

Sinonatrix, 9 months ago

GitHub has been handing out a lot of free Azure time to open source projects, maybe they thought keeping “Open” in the name would work for longer?

facow, 9 months ago

Haha that would be Microsoft just shifting money from one pocket to the other. GitHub, Azure and (effectively) OpenAI are all Microsoft

Snapz, 9 months 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?

library_napper, 9 months ago

If they go bankrupt, what happens to their IP? Does it suddenly become public domain?

8ace40, 9 months ago

I think it would be auctioned and sold to the highest bidder.

deFrisselle, 9 months ago

MS will buy it all at the fire sale for cheap then integrate it deeply into Bing, Windows, etc

cloudy1999, 9 months ago

Did somebody say fire sale?

saud, 9 months ago

I really don’t understand how this is possible when Microsoft has invested billions into OpenAI

atticus88th, 9 months ago

All it takes is a couple of dudes to buy a couple of yachts, private planes maybe another home or two. And poof. Its gone.

Jessper, 9 months ago

It isn’t. The article is obviously wrong.

Peanutbjelly, 9 months ago

And you are the only voice of reason in this thread.

“Make up shit that makes OpenAI look bad” is like tech article gold right now. The amount of times i am seeing “look what ChatGPT said!!!” As if prompter intention is completely irrelevant to model output.

Objectivity doesn’t exist anymore. It’s just really popular to talk shit about ai right now.

Like when Altman effectively said “we should only regulate models as big or bigger than ours, we should not regulate small independent or open source models and businesses” to Congress, which was followed by endless articles saying “Sam Altman wants to regulate open source and stamp out smaller competition!”

I have no love for how unopen they’ve become, but at least align criticisms with reality please.

Uncle_Bagel, 9 months ago

Burning through billions of investors money isnt the same as being profitable. The Silicon Valley gravy train is over, and investors are actually demanding to start seeing returns on their investments.

tourist, 9 months ago

How do I approach a VC firm about losing all their money in a big spectacle? Seems to be all the rage these days.