sanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 days agoLeaked financial docs show OpenAI is losing billions of dollars a yeararstechnica.comexternal-linkmessage-square48fedilinkarrow-up1481arrow-down19
arrow-up1472arrow-down1external-linkLeaked financial docs show OpenAI is losing billions of dollars a yeararstechnica.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 days agomessage-square48fedilink
minus-squareXLE@piefed.sociallinkfedilinkEnglisharrow-up38·4 days agoIt’s not news that they are losing money, but it is news that they are losing tremendously more money than they were previously losing.
minus-square🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.workslinkfedilinkEnglisharrow-up15·4 days agoIt does weaken the argument that scaling up is the path to profitablity, but of course they’ll just claim more money and scaling is the way to go. If the market remains manic they can get away with it.
minus-squarecoolman@lemmy.worldlinkfedilinkEnglisharrow-up1·3 days agoScaling up definitely ain’t the path, every user they get makes them less profitable (source)
minus-squareanomnom@sh.itjust.workslinkfedilinkEnglisharrow-up1·3 days agoThey’re both spending more, and losing market share, below 50% for the first time recently.
It’s not news that they are losing money, but it is news that they are losing tremendously more money than they were previously losing.
It does weaken the argument that scaling up is the path to profitablity, but of course they’ll just claim more money and scaling is the way to go. If the market remains manic they can get away with it.
Scaling up definitely ain’t the path, every user they get makes them less profitable (source)
They’re both spending more, and losing market share, below 50% for the first time recently.