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OpenAI is facing financial challenges despite generating a revenue of $1.6 billion in 2024. The company's costs, including training models like GPT-4o and personnel expenses, are projected to exceed its revenue significantly. With expenses reaching $7 billion by 2024, OpenAI is on the brink of bankruptcy due to unsustainable financial strain.
The company's AI models, such as ChatGPT, require extensive resources, with cloud costs amounting to $700,000 daily. Despite high revenue from subscriptions, ongoing R&D and training new AI models are draining OpenAI's finances. Competition in the AI industry, with companies like Anthropic, Meta, and Mistral introducing new models, adds to OpenAI's financial woes.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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