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OpenAI Is A Bad Business (www.wheresyoured.at)

submitted 1 week ago by JRepin@lemmy.ml to c/technology@lemmy.ml

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OpenAI, a non-profit AI company that will lose anywhere from $4 billion to $5 billion this year, will at some point in the next six or so months convert into a for-profit AI company, at which point it will continue to lose money in exactly the same way. Shortly after this news broke, Chief Technology Officer Mira Murati resigned, followed by Chief Research Officer Bob McGrew and VP of Research, Post Training Barret Zoph, leaving OpenAI with exactly three of its eleven cofounders remaining.

This coincides suspiciously with OpenAI's increasingly-absurd fundraising efforts, where (as I predicted in late July) OpenAI has raised the largest venture-backed fundraise of all time $6.6 billion— at a valuation of $157 billion.

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[–] sevan@lemmy.ca 2 points 1 week ago

Thanks, I'm guessing the benefit of subscribing is to create that persistent relationship. The free version from MS that I'm using times out after a while. I definitely get the problem of it making up experience for me when it encounters something in a job description that isn't referenced anywhere in my info. Honestly, I'd probably get more interviews if I just let it make up stuff, but I'm guessing that might become a problem for me later. :)