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by Croak 340 days ago
Ed Zitron over on wheresyoured.at has done some great work showing how all of these companies are just burning through money.

No reasonable businesses would spend such money if they have none. They should work on becoming profitable. OpenAI can't really be called a startup anymore and they should have for a long time have had a path to profitability. Right now it feels like they are all just running around aimlessly, like chicken without a head, trying to make up the promises they made 2 years ago. All the while they are burning through money, like it is growing on trees, until they have none left.

This is also not limited to OpenAI. Just watch what is happening at Facebook and their hiring bonuses. Feels like a bubble ready to burst.