It recently occurred to me that OpenAI is using the MoviePass model.
- Operating at a huge loss.
- Get a bunch of investment
- Try to strong arm other companies into giving you a piece of the profits
- Fraud
Didn’t work out so well for MoviePass.
I bought 15 dollars of Moviepass long after it failed because I wondered if the marketing had value.
It did not.
There was zero value.
It probably did actually, but the thing also is that it was being run by idiots
moviepass had some value eventhough it was over-inflated and gougy, LLM had no value to people.
Only because MoviePass failed (to become a monopoly).
Something like OpenAI forces investors to operate on a Sunk Cost Fallacy, where they’d rather keep bailing out the company than lose what they’d already invested. Nearly every commercially successfully corporation has followed this exact model.
Once you reach Walmart/Amazon status (ie. household name) you’re “too big to fail”. Not until something else comes along to replace you. Actual business success is negligible once you’re a monopoly.
McDonald’s is the shittiest fastfood chain on the planet and continuously going downhill, but not once has the company ever been in danger of shutting down. They’ve only continuously expanded until they convinced all consumers there was no better alternative.
And last I checked, people have begun to embrace ChatGPT in the same teeth-gritting fashion as McDick.
It might just cave like Vine, or it might outright replace Google. At this point, could go either way.
Yeach thats human fallacy in the work. Way too much brand loyalty.
Reminds me so much of WeWork.
The profit’s coming guys! Just another trillion, that’s all we need!
Just another billion dollars, bro. Trust me bro.
Just one more lane.
At least wework had some bangin offices to work out of. Now they are overpriced, getting ratty and basically there’s been no investment. Last time I worked out of one I think they charged like $60 CAD, that’s a lot for a day in a shared desk.
well, it wasn’t really their offices…
A coworker of mine worked in one for a time and loved it. WeWork’s problem was that they inexplicably overpaid for all of the real estate they bought, so other office rental companies (who were managing their finances professionally) were eating their lunch.
And, you know, letting Adam Neumann plunder the company for his own personal gain, which I’m absolutely certain Altman is doing.
Pretty much every company at this point has executives plundering. It’s like de facto in our times. There’s such a divide opening.
That 2015 pic makes me understand why Peter Thiel was such a fan. He was kind of a cute twink actually.
Never have I been so regretful of learning English before reading this sentence.
altman met his husband during one of THIELS parties at the time, strange coincidence he started openai after it. thiel has ties to epstein too. I wonder how far gawker couldve gone if they wernt sued to the ground due to a vendetta by Thiel, they were definitely reporting on some of suspicious business pratices.
Thiel side piece was young male model who was defenestrated last year in florida, and largely buried by MSM and even on reddit it dint last a day, he definitely has a type.
Taking a page from the Russian oligarch playbook and tossing your mistress out of a window because they threaten to expose you is just one more cartoonishly evil thing Peter Thiel did.
How else do you expect thiel to fight the anti-christ? He’s doing the hard work for all of us. Show some respect. \s
What really tells it for the scam that it is would be to overlay that with this dipshit’s personal wealth over the same period.
The line between the stock market/investors and degenerate gamblers is a fine one.
There’s a line?
fools…it will be $0,000,000,000,000 in 5 years.
an interesting fun fact about altman, he met his husband at one of THIELs POOL parties, its not by accident around 2015.
What do you mean ‘not by accident around 2015’? Is there something significant about 2015 or are you tying it to Trump’s presidential run?
Shouldn’t there be an actual number that The Altman has essentially burned, in front of all those zeros, and behind the negative symbol? Otherwise it seems to be saying that they are still almost liquid.
How come regulations haven’t made them stop using that misleading name already ?
Regulations in the US? Surely you jest.
I have no idea
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Regulations haven’t even stopped YouTube from sending fake AI medical ads to your family members.
USA is entirely based on lies. That’s a big part of why “AI” is so popular.
Those zeroes are off, right? Aren’t we WELL into the billions in sunk costs?
I believe that Sammy Altman and OpenAI can get into the trillions!
For stupid reasons, negative profits aren’t called negative profits. They’re called losses. So a company that’s losing money is showing 0 profit. (And a company that’s making money is showing 0 loss.)
The face of someone who wants to raise children with chat gpt.
Shouldn’t the profit be more like -$20B or something? Since they’re actively losing money
In business, they don’t like to talk about negative profits. Those are called losses.
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Let’s ask AI!
I like to imagine that the “-” indicates its negative (i know a negative 0 makes no sense but it sounds fitting)
