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OpenAI's Planned Cash Burn
(pawb.social)
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
Cashburn is like projecting profit but instead of profit you are just going to burn the pool of money you have so much your profits won't mean anything. Anything black on this line is profit, red is cash burn. All companies start in a cash burn state, but if you look at the ones listed, the initial cash burn when they launched was relatively small.
OpenAI is planning to burn more money than most of them profited.
9.3 billion isn't small. 218 billion is just stupid.