zlacker

>>vforgi+(OP)
Reminds me of SBF calling for crypto regulations while running FTX. Being seen as friendly to regulations is great for optics compared to being belligerently anti-regulation. You can appear responsible and benevolent, and get more opportunity to weaken regulation by controlling more of the narrative. And hey, if you get end up getting some regulatory capture making competition harder, that's a great benefit too.

OpenAI != FTX, just meaning to say calling for regulation isn't an indication of good intentions, despite sounding like it.

>>brenns+IQ
> Reminds me of SBF calling for crypto regulations while running FTX

Scott Galloway called it the stop-me-before-I-kill-grandma defence. (Paraphrasing.)

You made money making a thing. You continue to make the thing. You’re telling us how the thing will bring doom and gloom if not dealt with (conveniently implying it will change the world). And you want to staff the regulatory body you call for with the very butchers you’re castigating.

>>JumpCr+sV
Except they don't make any money from their products. They're losing hundreds of millions per month.

This isn't the same at all.

>>m00x+Wg1
It may be more the same than you know. FTX had tons of investors in it that was jumpstarting and fueling the whole ponzi...

>According to a report from the Information, OpenAI's losses have doubled to $540 million since it started developing ChatGPT and similar products.

I mean sure that may be a drop in the bucket compared to the 29B valuation for Open AI, but-

>Sept. 22, 2022

>Crypto Exchange FTX May Get a $32 Billion Valuation. That’s Probably Too Much.

OpenAI investors, Apr 2023-

Tiger Global Management Andreessen Horowitz Thrive Capital Sequoia Capital K2 Global

FTX investors, Jan 2022-

Insight Partners Lightspeed Venture Partners Tiger Global Management New Enterprise Associates Temasek Institutional Venture Partners Steadview Capital SoftBank Ontario Teachers’ Pension Plan Paradigm

>>Mistle+oU1
Are you suggesting that OpenAI is a ponzi scheme where early investors are being paid with funds from later investors?

>>brooks+PW1
It could be, they currently aren't making money really, right? We don't know if they can monetize it and we know the queries are quite expensive computationally.

>>Mistle+CN4
Isn't that true for every startup that needs capital before it knows if it will succeed? Usually we consider them high risk investments, not ponzi schemes.