OpenAI is burning billions — and an IPO won’t stave off bankruptcy

OpenAI, the creator of ChatGPT, is gearing up to launch its initial public offering (IPO) this year. This financial maneuver would represent a pivotal shift for a project originally designed for the “common good” towards a market-driven logic. Established in 2015, OpenAI started out amidst growing anxiety regarding artificial intelligence (AI). Founded by Sam Altman […] The post OpenAI is burning billions — and an IPO won’t stave off bankruptcy appeared first on Asia Times .

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