Worth keeping in mind that OpenAI is burning through crazy amounts of money and is constantly in need of more:
OpenAI raised $6.6 billion [in October], the largest venture capital round in history. But it plans to lose $5 billion [2024] alone. And by 2026, it could be losing $14 billion per year. That’s head exploding territory. If OpenAI keeps burning money at this rate, it will have to raise another round soon. Perhaps as early as 2025.
As a result, Altman has a significant financial incentive to believe/say that OpenAI is on the verge of a breakthrough and that it’s worth it for their investors to continue giving them money.
Worth keeping in mind that OpenAI is burning through crazy amounts of money and is constantly in need of more:
As a result, Altman has a significant financial incentive to believe/say that OpenAI is on the verge of a breakthrough and that it’s worth it for their investors to continue giving them money.