391
ChatGPT In Trouble: OpenAI may go bankrupt by 2024, AI bot costs company $700,000 every day
(www.firstpost.com)
this post was submitted on 13 Aug 2023
391 points (74.3% liked)
Technology
59719 readers
6265 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If ChatGPT only costs $700k to run per day and they have a $10b war-chest, assuming there were no other overhead/development costs, OpenAI could run ChatGPT for 39 years. I'm not saying the premise of the article is flawed, but seeing as those are the only 2 relevant data points that they presented in this (honestly poorly written) article, I'm more than a little dubious.
But, as a thought experiment, let's say there's some truth to the claim that they're burning through their stack of money in just one year. If things get too dire, Microsoft will just buy 51% or more of OpenAI (they're going to be at 49% anyway after the $10b deal), take controlling interest, and figure out a way to make it profitable.
What's most likely going to happen is OpenAI is going to continue finding ways to cut costs like caching common query responses for free users (and possibly even entire conversations, assuming they get some common follow-up responses). They'll likely iterate on their infrastructure and cut costs for running new queries. Then they'll charge enough for their APIs to start making a lot of money. Needless to say, I do not see OpenAI going bankrupt next year. I think they're going to be profitable within 5-10 years. Microsoft is not dumb and they will not let OpenAI fail.
Details of the 10b aren't public, but we know it's a multi year deal, so it's possible that OpenAI doesn't actually have the full amount in cash now, and they could go bankrupt before they unlock the full amount. In the event of a bankruptcy, Microsoft could be in a position to acquire their assets for themselves on the cheap.