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.

Please please please— the ehyaiy is making me miss the blockchain era and I hated the blockchain era

It's almost like their product consumes enormous amounts of energy to produce an output that isn't actually worth much at all.

It’s going to absolutely wreck our economy. Nvidia, the most valuable company in history, will get crushed. All the money that companies have spent by going “all in” on ai will have wasted years of time and resources. It’s going to get ugly for everybody’s 401(k)s.

Please bro, trust me bro, just a few more billion. AGI is just around the corner bro

Maybe they can ask ChatGPT for tips on how to make their company profitable.

That doesn't seem to bother OpenAI insiders, though, who hope to be bringing in $125 billion in annual revenue by 2029.

To hit that kind of revenue they would need to convince 5% of the world's population to spend $20 a month on a chatbot. Netflix has barely managed to reach about two thirds of that subscriber number, and they offer a whole-ass streaming service. Obviously OpenAI can supplement consumer sales with enterprise and API access, but so far they're doing a very bad job of that.

But even if they did hit those numbers, they'd still be running at a loss. By their own admission their product isn't even profitable at $200 a month. More customers won't make you more money when everything you sell is a loss leader.

We can only hope.

I think this has been true since the start. They have never not been in hot water financially.

It’s just gonna end up with a huge price increase, and the short sighted people who built their business or their workflow on it will have to either eat that cost or get their heads out of their asses.

I'm now playing a violin which measures several nanometers across.

about fucking time

😢

No, wait! I hope they have enough time to put out their shitty AI app/browser and then they go bankrupt.

We need as many nails in the coffin as we can get at this point and their failure is hopefully a predictor for the future of big AI.