OpenAI: If OpenAI Survives Another 2 Years, It'll be About 30 Billion Dollars in Cumulative Losses/Debt
As noted here (and elsewhere [1, 2, 3]) before, the losses at OpenAI are soaring and there's this relatively new leak showing that even OpenAI does not expect a rebound:
The gist:
So if Microsoft cushions those losses (to delay the bubble's implosion; Microsoft uses the bubble to fake its "market cap", as does NVIDIA), its debt will skyrocket*.
Just burning more and more resources does not mean better results, it just means greater costs. For that reason, a lot of this stuff is just vapourware or "90% marketing". █
Further readings: Baidu’s CEO Believes 99% of AI Companies Won’t Survive After the Bubble Bursts | Cory Doctorow: What Kind of Bubble is AI?
______
* If that seems familar, consider Tesla's losses or Uber:
