this post was submitted on 13 Aug 2023
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What a silly article. 700,000 per day is ~256 million a year. Thats peanuts compared to the 10 billion they got from MS. With no new funding they could run for about a decade & this is one of the most promising new technologies in years. MS would never let the company fail due to lack of funding, its basically MS's LLM play at this point.
Openai biggest spending is infrastructure, Whis is rented from... Microsoft. Even if the company fold, they will have given back to Microsoft most of the money invested
MS is basically getting a ton of equity in exchange for cloud credits. That's a ridiculously good deal for MS.
While title is click bite, they do say right at the beginning:
Pretty hard to miss, and than they go to explain their point, which might be wrong, but still stands. 700k i only one model, there are others and making new ones and running the company. It is easy over 1B a year without making profit. Still not significant since people will pour money into it even after those 10B.
When you get articles like this, the first thing you should ask is "Who the fuck is Firstpost?"
Yeah where the hell do these posters find these articles anyway? It's always from blogs that repost stuff from somewhere else
The difference is in who gets the ad money.