Curious of what folks take aways were from the drama that unfolded at OpenAI?
I think one thing for sure for me was how fast this all has evolved. It hasn’t even been 48 hours, and there are thousands of stories and every minute the story is changing.
Thoughts?
If you are valued at 30B, why are you trying to raise yet more money? Seems totally nuts …
Because training a language model like GPT 4 is incredibly expensive
You have an IP for a product that is woth 100B, but its not ready. people will value your unfinished 100B product at 30B now. Does not mean you have liquid 30B or even 30m in the bank
Just because that’s their valuation doesn’t mean they have that much cash on hand. And with higher interests rates, it’s more expensive to borrow right now.
Exactly – it looks like they just burned through 10B within 6 months …