this post was submitted on 13 Aug 2023
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393
ChatGPT In Trouble: OpenAI may go bankrupt by 2024, AI bot costs company $700,000 every day (www.firstpost.com)
submitted 2 years ago by [email protected] to c/[email protected]
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Repost from HN: https://news.ycombinator.com/item?id=37109394

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[–] [email protected] 5 points 2 years ago

Details of the 10b aren't public, but we know it's a multi year deal, so it's possible that OpenAI doesn't actually have the full amount in cash now, and they could go bankrupt before they unlock the full amount. In the event of a bankruptcy, Microsoft could be in a position to acquire their assets for themselves on the cheap.