OpenAI’s Money Pit: $40 Billion Dreams
There are reports coming out that OpenAI just finished a record-breaking fundraising round. The number being touted is 40 billion dollars—a long shot from last October’s figure of 6 billion. We have to ask: What is going on?
Normally, you won’t find me siding with negative voices, but I’m having a hard time ignoring them right now. It does seem we’re throwing a ton of money into a magical firepit, hoping it’ll win us the battle. Did we already forget that China released AI models that vastly surpass America’s efforts?
There are some important details I hope get discussed more, because if the illusion breaks—if the Babel tower falls—they’ll surely be the points of failure.
Investor Protections
The investors were able to negotiate a failsafe of sorts. If OpenAI fails to move to a profitable model within two years, they can get refunded or renegotiate their holdings.
This is an understandable request, since it really has been a firepit for money up to this point, but it also puts insane pressure on them that could lead to inferior results. Meeting the deadline becomes a do-or-die scenario, after all.
Leadership Drama
As we know, no project of this magnitude can exist without friction, and OpenAI is no different. With the recent exits of co-founder Ilya Sutskever and CTO Mira Murati, we can assume all is not peaches and cream, as they say.
Not that I’d take Elon at his word, but he’s called Sam Altman “Scam Altman”—a move he probably learned from Trump. Their feud is vastly documented online.
The AI Bubble
I find these numbers pointing directly in one direction: market insanity. The parallels between what we’re seeing today and the dotcom bubble are irrefutable. However, that doesn’t mean the bubble is ready to pop—not yet.
One thing I will say is that I’m sure plenty of heavy hitters are having a hard time accepting the current markets. Trump’s tariff is bringing everything except stability to the economy, and it’s hard to imagine the soil being ripe for any industry to flourish. Only time will tell.
MenO
You are right. The competition will bring more stable price in the future
Regards
The plugins you can be running on a node vary, but its really up to you
I tried to microwave ice cream to make it hot for soup. It was a bad idea, my girlfriend left me.
You have to make sure the microwave is blue. I'm sure @rogerlabanane has a flip flop with a hard sole too.
gotta call my repair man again, I'm sure we can fix this 😎🤣
Spending billions like this would be risky. OpenAI has talent, but the pressure and drama could backfire. China’s progress doesn’t help either. Investors must be very nervous right now man extremely nervous on making their decision
Hey, let's play a game bro. You see banana man on here. He seems to be replying unrelated stuff to people (vote fishing).
Go to his replies, write the most random thing ever, do at least three. (unrelated to whatever it is he's saying). I'll upvote your response to him. Make it as funny as you can.
Let's see what happens.
Only on his unrelated replies. the one where he surely did not read.
Game on let's do this 🤣🤣🤣😎
First one under this blog done 😎 random as fk
Second one done,
Under your blog: A different landscape
Yeah it was about Bitcoin but ain't nothing about security 🤣 we're talking Micheal Saylor and coingecko and we got em giving security lectures. I'll get my offline wallet anyways 😎
Ok this is me hearing about open AI again. Really I don’t even know what’s it’s all about but with this rave ongoing and all that money, Ama go read about this thing for myself 😂
ChatGPT seems to be everywhere these days. You've not seen the images of people turning themselves into anime characters. It's fun!
Oh really
Am not sure I took noticed but now you’ve mentioned it am definitely checking it out