Sums still not adding up
I’m not too bad with financials, put the effort in and it leads to an easier life - professionally and personally.
OpenAI Is Growing Fast and Burning Through Piles of Money
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
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Revenue is impressive there, but only if you absolutely ignore the costs and huge losses. Sure profit can be a tenuous thing in Tech at the beginning - but there has to be a roadmap. Even Uber bounces into profit occasionally. But the funding round terms…eesh.
Now it seems Apple have no interest in joining the round
I’ll ask the same question I do when somebody brings up a new Tech, Product, Service or Partner and we’re looking at the costs, benefit, security assessment and I’m thinking about my budget, support requirements and helping you justify it to the Exec:
“So walk me through how this makes any sense?”