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OpenAI Is a Bad Business

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OpenAI is reportedly transitioning from a nonprofit to a for-profit company, amidst a massive $6.6 billion funding round and a $157 billion valuation. Key executives, including CTO Mira Murati, have resigned. Doubts rise over OpenAI's sustainability as it faces enormous annual losses and a potential subprime AI crisis, despite ambitious revenue projections.

  • OpenAI to lose $4-5 billion this year
  • Mira Murati among high-profile resignations
  • OpenAI's largest fundraise at $6.6 billion
  • Apple walks away from investment round
  • Subprime AI crisis potentially brewing