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There's No Money in The Banana Stand, Michael

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Manage episode 491055255 series 3672889
Content provided by Kim Crawley and Donovan Skinner. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kim Crawley and Donovan Skinner or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this episode, RazedHunter explains how DALL E image generation and applications using ChatGPT APIs don't make OpenAI any money. In fact, they lose money each time someone "prompts" a Gen AI application to output something.

In a capitalist world, a business needs to charge at least a little bit more money for a product or service than it costs to produce it. Is Altman a genius playing 4D chess understanding these "services" will pay off eventually, like when Amazon ran at a loss for a few years to expand their business?

No signs of 4D chess playing can be found...

It's one thing to kill the planet and destroy people's livelihoods if the corporation was making a lot of money in doing so, then there'd at least be a capitalist logic behind it.

https://www.google.com/amp/s/www.cnbc.com/amp/2024/09/27/openai-sees-5-billion-loss-this-year-on-3point7-billion-in-revenue.html

https://www.ynetnews.com/business/article/bkiagmekxx

https://www.theinformation.com/articles/openai-projections-imply-losses-tripling-to-14-billion-in-2026

https://www.reuters.com/technology/openai-annualized-revenue-tops-16-billion-information-2023-12-30/

https://www.windowscentral.com/software-apps/openai-may-endure-massive-usd44-billion-losses-before-seeing-profit-in-2029-partly-due-to-microsoft-tie-up-the-partnership-with-microsoft-might-mean-openai-earns-less-from-each-dollar-of-revenue

https://techcrunch.com/2025/01/05/openai-is-losing-money-on-its-pricey-chatgpt-pro-plan-ceo-sam-altman-says/

https://au.finance.yahoo.com/news/costs-much-run-chatgpt-openai-222310434.html

https://www.cnbc.com/2025/03/31/openai-funding-could-be-cut-by-10-billion-if-for-profit-move-lags.html?ref=wheresyoured.at

https://archive.is/20230320192412/https://www.ft.com/content/951f7a93-92e1-4d74-bdf0-9c461b98e4a2

https://edition.cnn.com/2025/05/05/tech/openai-nonprofit-altman-restructuring

https://en.tmtpost.com/post/7279715

https://www.finextra.com/blogposting/25863/the-realities-of-ai-from-hype-to-profitability

https://pivot-to-ai.com/2025/01/06/sam-altman-ai-agents-will-totally-replace-your-employees-any-year-now-also-chatgpt-pro-is-losing-money/

https://www.wsj.com/tech/ai/openai-and-microsoft-tensions-are-reaching-a-boiling-point-4981c44f

https://web.archive.org/web/20240621100046/https://www.washingtonpost.com/business/2024/06/21/artificial-intelligence-nuclear-fusion-climate/

https://www.google.com/amp/s/m.economictimes.com/news/international/us/openais-sam-altman-limits-chatgpts-ghibli-image-generation-as-gpus-struggle-to-keep-up-with-demandcan-ai-handle-the-viral-craze-or-is-it-too-much-to-sustain/amp_articleshow/119610852.cms

https://www.techinasia.com/news/openais-new-reasoning-models-see-rise-in-hallucination-rates

  continue reading

2 episodes

Artwork
iconShare
 
Manage episode 491055255 series 3672889
Content provided by Kim Crawley and Donovan Skinner. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kim Crawley and Donovan Skinner or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this episode, RazedHunter explains how DALL E image generation and applications using ChatGPT APIs don't make OpenAI any money. In fact, they lose money each time someone "prompts" a Gen AI application to output something.

In a capitalist world, a business needs to charge at least a little bit more money for a product or service than it costs to produce it. Is Altman a genius playing 4D chess understanding these "services" will pay off eventually, like when Amazon ran at a loss for a few years to expand their business?

No signs of 4D chess playing can be found...

It's one thing to kill the planet and destroy people's livelihoods if the corporation was making a lot of money in doing so, then there'd at least be a capitalist logic behind it.

https://www.google.com/amp/s/www.cnbc.com/amp/2024/09/27/openai-sees-5-billion-loss-this-year-on-3point7-billion-in-revenue.html

https://www.ynetnews.com/business/article/bkiagmekxx

https://www.theinformation.com/articles/openai-projections-imply-losses-tripling-to-14-billion-in-2026

https://www.reuters.com/technology/openai-annualized-revenue-tops-16-billion-information-2023-12-30/

https://www.windowscentral.com/software-apps/openai-may-endure-massive-usd44-billion-losses-before-seeing-profit-in-2029-partly-due-to-microsoft-tie-up-the-partnership-with-microsoft-might-mean-openai-earns-less-from-each-dollar-of-revenue

https://techcrunch.com/2025/01/05/openai-is-losing-money-on-its-pricey-chatgpt-pro-plan-ceo-sam-altman-says/

https://au.finance.yahoo.com/news/costs-much-run-chatgpt-openai-222310434.html

https://www.cnbc.com/2025/03/31/openai-funding-could-be-cut-by-10-billion-if-for-profit-move-lags.html?ref=wheresyoured.at

https://archive.is/20230320192412/https://www.ft.com/content/951f7a93-92e1-4d74-bdf0-9c461b98e4a2

https://edition.cnn.com/2025/05/05/tech/openai-nonprofit-altman-restructuring

https://en.tmtpost.com/post/7279715

https://www.finextra.com/blogposting/25863/the-realities-of-ai-from-hype-to-profitability

https://pivot-to-ai.com/2025/01/06/sam-altman-ai-agents-will-totally-replace-your-employees-any-year-now-also-chatgpt-pro-is-losing-money/

https://www.wsj.com/tech/ai/openai-and-microsoft-tensions-are-reaching-a-boiling-point-4981c44f

https://web.archive.org/web/20240621100046/https://www.washingtonpost.com/business/2024/06/21/artificial-intelligence-nuclear-fusion-climate/

https://www.google.com/amp/s/m.economictimes.com/news/international/us/openais-sam-altman-limits-chatgpts-ghibli-image-generation-as-gpus-struggle-to-keep-up-with-demandcan-ai-handle-the-viral-craze-or-is-it-too-much-to-sustain/amp_articleshow/119610852.cms

https://www.techinasia.com/news/openais-new-reasoning-models-see-rise-in-hallucination-rates

  continue reading

2 episodes

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