What Did OpenAI Do This Week? - 03/09/2023 [+20 LINKS]

Sep 3, 2023

∙ Paid

OPENAI WANTS YOU TO KNOW IT’S MAKING BANK

What a difference 14 days can make in AI-ville. Multiple stories of OpenAI heading for bankruptcy fuelled by the ‘eyewatering’ (Sam Altman’s words) high costs associated with training OpenAI models and traffic drops during summer/prime vacation months meant a whirlwind of rubbish for people to plough through.
Fast forward to earlier this week when OpenAI announced the company is well on track to generate more than $1 billion in revenue over the next 12 months. The proof is in the balance sheet, but since we’ll never likely get to see that, we’ll have to take their word for it with a cautious eye considering the company previously anticipated “only” $200M in revenue for this 2023. A tidy 400% increase. So, what’s changed?

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