this post was submitted on 01 Aug 2024
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the_dunk_tank

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[–] batsforpeace@hexbear.net 12 points 3 months ago* (last edited 3 months ago) (1 children)

OpenAI could be propped up by MS for a while even if it doesn't make a profit, to keep the brand name alive, for the smaller AI startups I guess it will be the same story as with crypto? VC investors put some money in, hype up retail investors to also invest, cash out/exit, then the startups slowly close because they can't turn a profit leaving the smaller investors with most of the losses

edit: also lol at making public bets on this, got nothing better to do?

[–] footfaults@hexbear.net 5 points 3 months ago (1 children)

The Ed Zitron article is worth reading, it talks a lot about what Microsoft is getting out of the deal with OpenAI in exchange for some Azure credits (fake money)

[–] batsforpeace@hexbear.net 9 points 3 months ago* (last edited 3 months ago) (1 children)

will do, yeah I heard MS paid OpenAI mostly in Azure credits lol, nothing like paying yourself

[–] QuillcrestFalconer@hexbear.net 6 points 3 months ago

I've read somewhere that even after that openAI is paying Microsoft 5B $ for azure