Open AI costs an outrageous amount of money to run and although it’s not as empty as metaverse or web3, it was incredibly overhyped in its potiential, as usual.

He probably thought like uber and other companies he could run cash negative for a while and play the game everybody plays. But debt is not cheap now, and he likely had to lie to investors to keep things alive. They probably all lost a chunk of money when you actually look at the books.

Edit: more news came out that the chief scientist and the board organized a coup to get him out under the pretense he was going too fast.

Open AI is a for profit company owned by a non-profit, which brings a huge conflict when it comes to scientific advancement versus product monetization. It may be that they were totally wrong in doing this legally speaking (the non-profit) but did the right thing for scientific advancement and the human race itself.

We’ll know more soon I expect