alt Hacker NewsNot good, seems like they are running out of cash and partners abandoning them. They had no real moat to be fair. Anthropic eating their lunch in enterprise and other players have cashflows from other businesses (XAI, Google)
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I had a sense things may be turning against them when my accountant asked me last week if I’d like to participate in their new round ($750B premoney) with no carry. How am I suddenly blessed with such exclusive access, at no cost?!
Yes, I'm reading this as a sign of strategic failure and decline.
ChatGPT is an interesting product - I like it for certain things - but after last year's PR scramble almost all the news out of OpenAI is a disappointment, with hovering hints of retrenchment.
> XAI
Kind of insulting to lump google in with XAI? Like, is anyone even using XAI other than backwater government agencies?
They wasted their first mover advantage by focussing on what amounts to building toys for consumers like Sora instead of actually useful products that go beyond simple chat bots.
I think they are in serious trouble, especially with the size of their cash burn. Their planned IPO could easily turn out to be their WeWork moment where the bottom suddenly falls out on the valuation if they cannot make their operation look more like a real business before investors lose confidence.