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ThefuzzyFurryComrade@pawb.socialM to Fuck AI@lemmy.world · 4 days ago

OpenAI May Be in Major Trouble Financially

futurism.com

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OpenAI May Be in Major Trouble Financially

futurism.com

ThefuzzyFurryComrade@pawb.socialM to Fuck AI@lemmy.world · 4 days ago
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Recent indicators in the AI industry point to a growing crisis of profitability, with OpenAI caught right in the middle.
  • SoftestSapphic@lemmy.world
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    3 days ago

    They have not had a single profitable quarter,

    https://www.cnbc.com/2024/09/27/openai-sees-5-billion-loss-this-year-on-3point7-billion-in-revenue.html

    Last year they made 3.7bil in revenue, but despite that they still lost 5bil.

    5 billion dollars set on fire for no good reason, in 1 year.

    With them going public and starting military contracts they hope to pivot into an actually profitable use for AI, by helping MAGA automate fascism and warfare.

    I hope these shitty AI companies all crash and burn, overhyped trash all of it.

    • plz1@lemmy.world
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      3 days ago

      It took Uber 15 years to finally be profitable. OpenAI has a long way to burn, before they give up.

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