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ChatGPT In Trouble: OpenAI may go bankrupt by 2024, AI bot costs company $700,000 every day
(www.firstpost.com)
this post was submitted on 13 Aug 2023
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I mean, you're correct in the sense Microsoft basically owns their ass at this point, and that Microsoft doesn't care if they make a loss because it's sitting on a mountain of cash. So one way or another Microsoft is getting something cool out of it. But at the same time it's still true that OpenAI's business plan was unsustainable hyped hogwash.
Their business plan got Microsoft to drop 10 billion dollars on them.
None of my shitty plans have pulled that off.
If they got any of that into their own pockets kudos to them.
Mainly they used it to pay for the tech and research and it's all reverting back to Microsoft eventually. Going bankrupt is not quite the same as being acquired.
Also, their biggest expenses are cloud expenses, and they use the MS cloud, so that basically means that Microsoft is getting a ton of equity in a hot startup in exchange for cloud credits which is a ridiculously good deal for MS. Zero chance MS would let them fail.