this post was submitted on 13 Aug 2023
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ChatGPT In Trouble: OpenAI may go bankrupt by 2024, AI bot costs company $700,000 every day (www.firstpost.com)
submitted 1 year ago by balfrag@lemmy.world to c/technology@lemmy.world
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Repost from HN: https://news.ycombinator.com/item?id=37109394

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[–] flumph@programming.dev 22 points 1 year ago

In this case, Microsoft owns 49% of OpenAI, so they're the ones subsidizing it. They can also offer at-cost hosting and in-roads into enterprise sales. Probably a better deal at this point than VC cash.