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   Martin (mshelton@mastodon.social)'s status on Sunday, 29-Dec-2024 07:00:05 JST Martin

   "OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September. Those numbers are increasing rapidly."

   So… The business model is to train models on everyones' data without paying them, then lose a billion dollars.
   https://www.cnbc.com/2024/12/27/openai-needs-more-capital-than-wed-imagined-moves-to-for-profit.html

   • j@mastodon repeated this.
   • Embed this notice
     Aral Balkan (aral@mastodon.ar.al)'s status on Sunday, 29-Dec-2024 07:01:23 JST Aral Balkan

     in reply to

     @mshelton * while destroying our habitat

   • Embed this notice
     pettter (pettter@mastodon.acc.umu.se)'s status on Sunday, 29-Dec-2024 18:58:08 JST pettter

     in reply to

     @mshelton no, lose 5 billion dollars. It's 5 billion in _losses_, not 5 billion in _costs_

   • Embed this notice
     NKTSecurity (dss@infosec.exchange)'s status on Friday, 03-Jan-2025 02:23:43 JST NKTSecurity

     in reply to

     @mshelton I saw this earlier on my feed.