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by janoc 624 days ago
And venture capital.
2 comments

Not sure about that, they're all losing money. OpenAI recently raised 6.5 billion but is losing 5 billion a year, it's just not sustainable. In fact it's the local LLMs that are thriving, predictably because they run on your own hardware.
It’s losing money because it invests in growth. GPT4 has cost them 500mil and is making 3b revenue annually.
Yeah, that’s just hobbyists with more money.

Joking…but-only-a-little.