What do these investors know that we don’t? Are they just too deep in now to quit?
I get that AI is extremely useful.
But the idea that OpenAI can 1) create a much more powerful superhuman AI and 2) also keep the way of making it secret from competitors long enough to make all the money seems doubly unlikely.
Part of me thinks that nobody wants to be the one that pops the bubble, so it's safer to just play along and throw in a few hundred billion here and there.
Title edited by me from "OpenAI won’t make money by 2030 and still needs to come up with another $207 billion to power its growth plans, HSBC estimates"
What do these investors know that we don’t? Are they just too deep in now to quit?
I get that AI is extremely useful.
But the idea that OpenAI can 1) create a much more powerful superhuman AI and 2) also keep the way of making it secret from competitors long enough to make all the money seems doubly unlikely.
Part of me thinks that nobody wants to be the one that pops the bubble, so it's safer to just play along and throw in a few hundred billion here and there.
Can they afford a cash-burn marathon against Google/Meta/Microsoft/Ali though?
Ali?
Alibaba, maybe
Title edited by me from "OpenAI won’t make money by 2030 and still needs to come up with another $207 billion to power its growth plans, HSBC estimates"
My rule of thumb in these estimates:
"Always double the amount presented in these estimates"
This includes large construction projects, especially government run projects.
So I say 500 billion USD will be needed :)
Thanks grilledchickenw and xfour, fixed
I think you may want to adjust your units there. 500M is a Tuesday breakfast for these AI companies burn rate
500 billon, you mean.