OpenAI has a serious liquidity problem. Earn a lotbut they are crumbs compared to what you need to enter. The numbers don’t come out, but that hasn’t stopped them from signing millionaire agreements. Brad Gerstner, an OpenAI investor and podcaster, asked Sam Altman about this problem and it seems he wasn’t amused.
Defensive. They tell it in Futurism“How can a company with $13 billion in revenue commit to spending $1.4 trillion? You’ve heard the criticism, Sam,” asked Brad Gerstner on his podcast, which incidentally also included Satya Nadella listening intently to the exchange. Altman’s response was to become defensive: “If you want to sell your shares, I will find a buyer for you. Enough is enough.” The interviewer laughed it off, and Altman continued in a soft but clearly sarcastic tone: “There are many people who speak with great concern about our products and who would be happy to buy shares.”
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Figures. OpenAI recently achieved a $500 billion valuationbecoming the most valuable private company in the world. Not only is it the most valuable, it has signed agreements with some of the most important tech companies such as NVIDIA, amd, Broadcom and just yesterday with amazon. Not only is it valuable, it The tech industry has tied its destiny to that of OpenAI. If it fails, the consequences can be catastrophic.
Losses. Brad Gerstner is not at all wrong when he asks Altman about the inconsistency between his company’s expenses and profits. A few days ago, Microsoft presented its results and, given that they own 27% of OpenAI, in The Register They calculated how much money Altman’s company had lost in the last quarter. The figure is dizzying: 11.5 billion in just 90 days. It’s something to be worried about.
For profit. After months of rumors about a impending divorcefinally Microsoft and OpenAI signed a kind of separation of assets. In parallel, OpenAI finally achieved his desired goal: finally become one for profit company. This measure gives them more flexibility to collaborate with third parties and make new rounds of investment.
More wood. Despite the more than justified doubts about the astronomical spending on AI, the big technology companies announced a few days ago that They were going to spend even more than they planned. Investors are worried, and if not, tell Zuckerberg, who despite achieving record income, saw how its shares fell 8%.
Question of faith. Sam Altman shares the same optimism and, responding to Gerstner, states that “revenues are growing rapidly (…) we are making an open bet that they will continue to grow.” Curious that he doesn’t give any figures to back it up.
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