- The AI Pulse
- Posts
- 🤖 Is OpenAI Fighting Bankruptcy?
🤖 Is OpenAI Fighting Bankruptcy?
PLUS: Hackers Expose Flaws in Popular Chatbots
James Roesser
August 15, 2023
Welcome back AI enthusiasts!
In today’s AI Report:
💸Is OpenAI Fighting Bankruptcy?
🔐Hackers Expose Flaws in Popular Chatbots
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
OPENAI
💸Is OpenAI Fighting Bankruptcy?
According to AIM, the popular chatbot ChatGPT costs OpenAI roughly $700K daily, and bankruptcy could occur by 2024.
Key Details:
OpenAI has burned through $540M since its launch in 2022.
After an initial surge, ChatGPT’s user base declined by 12% from June to July as hype halted.
Microsoft’s $10B investment in OpenAI is likely keeping the company afloat.
OpenAI plans to reach $200M in revenue this year and $1B in 2024, but financial models present another story.
GPU shortages and employees pursuing high-paying jobs from competitors are adding to OpenAI’s problems.
Why It’s Important:
OpenAI is a cash-burning machine despite attempting to monetize GPT-3.5 and GPT-4.
They’re still struggling with limited revenue streams. A significant percentage of the company’s revenue comes from donations.
Leaner competitors with open-source models are a serious threat to ChatGPT. If OpenAI doesn’t secure funding soon, the company must file for bankruptcy.
CYBERSECURITY
🔐Hackers Expose Flaws in Popular Chatbots
2,200 participants at the Defcon Hacker Conference in Las Vegas are competing to uncover security issues in popular AI chatbot models.
Key Details:
Eight companies are testing their AI models: Anthropic, Cohere, Google, Hugging Face, Meta, Nvidia, OpenAI, and Stability AI.
Participants will earn points for successfully coaxing a chatbot to generate political misinformation or incorrect answers.
Hackers have already tricked the top AI models with poisoned data and altered user queries.
Why It’s Important:
AI’s ability to harness massive amounts of data is impressive, but its security isn’t. Chatbots can be easily manipulated to generate racist, biased, and harmful content.
Technology impacts policy, economics, and privacy. Who will determine what’s considered misinformation? Will regulating these models to mitigate risks ruin the user experience?
🛠TRENDING TOOLS
🏰Podcastle creates pro-level podcasts with AI-powered editing, audio transcriptions, and seamless exporting.
⚙️Process AI transforms manual processes into AI-driven workflows with personalized tasks and data analysis.
📱Analisa allows you to enter any @Profile or #Hashtag for real-time insights and analytics.
🤣MeMemes converts photos into unique and relatable memes.
💥Jasper is an on-demand AI content machine with SEO skills and grammar optimization.
💰VENTURE CAPITAL UPDATES
Shaktimaan.ai raises $2M in funding to revolutionize education with personal AI mentors.
Anthropic secures $100M from SK Telecom.
Middleware raises $6.5M in seed funding to transform cloud observability with AI.
💼WHO’S HIRING?
🤖PROMPT OF THE DAY
ANALYSIS FRAMEWORK
🏆Succesful Companies
Analyze a successful individual or company in [Industry] and identify the key factors and decisions that drove their triumph. Leverage these insights to find solutions for [Situation/Decision].
Industry = [Insert here]
Situation/Decision = [Insert here]📒FINAL NOTE
If you found this useful, follow us on Twitter or provide honest feedback below. It helps us improve our content.
How was today’s newsletter?
❤️BTI Review of The Week
“I’m new to the AI realm. I love how you explain why knowing these trends is important.”
🎁NOTION TEMPLATES
🚨Subscribe to our newsletter and receive these powerful Notion templates:
⚙️150 ChatGPT prompts for Copywriting
⚙️325 ChatGPT prompts for Email Marketing
📆Simple Project Management Board
⏱Time Tracker
Reply