OpenAI could go bankrupt in 12 months if it doesn't raise some serious cash - but is the Microsoft-backed AI giant too big to fail?
Briefly

from ITPro6 months ago
OpenAI could go bankrupt with projected $5 billion losses; spending $7 billion on training, prompting concerns about its future and business model.
ITProhttps://www.itpro.com/technology/artificial-intelligence/openai-could-go-bankrupt-in-12-months-if-it-doesnt-raise-some-serious-cash-but-is-the-microsoft-backed-ai-giant-too-big-to-fail
Rising costs, including $700,000 a day for ChatGPT, against revenue of $3.5 billion, and reliance on Microsoft discounts raise doubts about OpenAI's sustainability.
ITProhttps://www.itpro.com/technology/artificial-intelligence/openai-could-go-bankrupt-in-12-months-if-it-doesnt-raise-some-serious-cash-but-is-the-microsoft-backed-ai-giant-too-big-to-fail
OpenAI's financial woes reflect broader industry concerns on ROI and lack of clear use-cases for generative AI technologies, indicating a broader industry-wide challenge.
ITProhttps://www.itpro.com/technology/artificial-intelligence/openai-could-go-bankrupt-in-12-months-if-it-doesnt-raise-some-serious-cash-but-is-the-microsoft-backed-ai-giant-too-big-to-fail
Questions over OpenAI's current predicament emerge in a climate where industry stakeholders demand greater ROI and clearer utility of generative AI technologies.
ITProhttps://www.itpro.com/technology/artificial-intelligence/openai-could-go-bankrupt-in-12-months-if-it-doesnt-raise-some-serious-cash-but-is-the-microsoft-backed-ai-giant-too-big-to-fail
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#openai #financial-troubles #ai-industry #generative-ai #microsoft-partnership
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