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OpenAI could go bankrupt in 12 months if it doesn’t raise some serious cash
OpenAI is hemorrhaging funds as model training and staffing costs begin to skyrocket
By comparison, the firm’s revenue is just shy of $3.5 billion, creating potentially untenable margins for the company and prompting some industry analysts to question its entire business model. A recent study from software firm Ardoq found that ROI on adoption of technologies such as generative AI is often viewed as a “finger in the air” exercise among senior tech leaders. (Image credit: IBM)Simon Bain, CEO of Omnilndex, told ITPro many tech leaders are beginning to acknowledge the reality of this, noting that AI’s “jack of all trades approach has failed”.
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