zlacker

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+(OP)
Are you suggesting that OpenAI is a ponzi scheme where early investors are being paid with funds from later investors?

>>brooks+r2
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+eT2
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.