TechScape: Will OpenAI’s $5bn gamble on chatbots pay off? Only if you use them

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The Guardian 19h ago

TechScape: Will OpenAI’s $5bn gamble on chatbots pay off? Only if you use them - The Guardian

Quick Summary:

In this paper, we argue against the view that when ChatGPT and the like produce false claims, they are lying or even hallucinating, and in favour of the position that the activity they are engaged in is bullshitting … Because these programs cannot themselves be concerned with truth, and because they are designed to produce text that looks truth-apt without any actual concern for truth, it seems appropriate to call their outputs bullshit.

We’ve based our analysis on our informed estimates of what OpenAI spends to run its ChatGPT chatbot and train future large language models, plus guesstimates’ of what OpenAI’s staffing would cost, based on its prior projections and what we know about its hiring.

Over the weekend, one report from tech site the Information estimated that OpenAI was on course to spend an astonishing $5bn more than it makes in revenue this year alone:If we’re right, OpenAI, most recently valued at $80bn, will need to raise more cash in the next 12 months or so.