this post was submitted on 26 Oct 2024
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Is OpenAI profitable now?
Wait, since when it had not been? Or are you telling me that vastly the fastest growing platform in history with multiple payment gates (subscriptions, pay per token, licensing etc.) was not profitable for some reason?
Not sure if you are joking but... it does not appear to be making anywhere near the amount of money that has been invested in it.
It costs a stupendous amount of money to develop the models, to train them, to rent out or just buy the hardware needed to do this, to pay for the electrical power to do this.
Not joking, I'm just underinformed
Now that I think of it, yeah, it makes absolute sense. It's not a stable income OpenAI is based on, but rather the endless wagons of money from hyped up sponsors. Very much unsustainable.
For the record, that describes almost every big software company in the last 30 years.