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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
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Technology
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I mean apart from the fact it's not sourced or whatever, it's standard practice for these tech companies to run a massive loss for years while basically giving their product away for free (which is why you can use openAI with minimal if any costs, even at scale).
Once everyone's using your product over competitors who couldn't afford to outlast your own venture capitalists, you can turn the price up and rake in cash since you're the biggest player in the market.
It's just Uber's business model.
The difference is that the VC bubble has mostly ended. There isn't "free money" to keep throwing at a problem post-pan. That's why there's an increased focus on Uber (and others) making a profit.
I don't know anything about anything, but part of me suspects that lots of good funding is still out there, it's just being used more quietly and more scrupulously, & not being thrown at the first microdosing tech wanker with a great elevator pitch on how they're going to make "the Tesla of dental floss".