Posted by mikeocool 10 hours ago
https://www.hollywoodreporter.com/business/digital/openai-sh..., https://archive.ph/ABkeI
The cost must have been a key reason for the shutdown.
End is near.
There's a web interface as well.
I think OpenAI had a brief delusion that it could become some huge social networking app. The App was heavily modeled after TikTok..
It says a lot about the current economy that consumers have no money. Will companies just stop making consumer products?
Let’s be real: OpenAI is circling the drain.
The company with the fraudster serial liar CEO who said he was gonna spend a trillion dollars can’t keep a video service alive right after signing a $1 billion dollar with Disney?
What kind of a joke is that?
This is a company that has blown its opportunity twiddling around with zero product. They still just run a plain chatbot interface with zero moat and zero stickiness.
There’s no “pivot” for a company that is in this deep.
I'm no fan of Altman or OpenAI, it's a pretty shady company and I am suspicious of their books, but this was a great demonstration of the uselessness of boards and how out of touch they are with the business they are supposed to be supervising. It's really rare to find an effective board, primarily they sit like a House of Lords enjoying ceremonial perks and a stipend in exchange for holding a few meetings a year.
A record speed into AI slop. Is this what everything turns into when content creation becomes easy? what's happening here exactly?