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Ed Zitron
@zitron.bsky.social
British, But In Las Vegas For Some Reason Newsletter - wheresyoured.at linktr.ee/betteroffline - podcast w/ iheartradio Columnist at Business Insider - www.businessinsider.com/author/ed-zitron CEO at EZPR.com - Award-Winning Tech PR Firm
33.1k followers735 following8.8k posts
EZzitron.bsky.social

In the last week, OpenAI has lost their CTO and Chief Research Officer, all while trying to raise a $6.5bn+ round for a firm that loses $5bn/yr. They're so desperate they're raising from SoftBank, a VC famous for losing billions on terrible investments. www.wheresyoured.at/oai-business/

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RSrismith.bsky.social

In fairness, I would definitely take money from Softbank for my bad ideas.

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SBsmenor.com

How can I get SoftBank to sprinkle a few billion on me to do something not horrible and actually useful for people ‽

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EZzitron.bsky.social

Yet there’s far more to worry about with OpenAI. The New York Times reported last week that the company will bring in $3.7bn of revenue in 2024, yet lose $5bn. In short, OpenAI spends $2.35 to make $1 - and growth is already slowing down. www.wheresyoured.at/oai-business/

3
BAbob.ardkor.com

I'm a terrible investment myself and could use the billions. I should write to this bank.

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EZ
Ed Zitron
@zitron.bsky.social
British, But In Las Vegas For Some Reason Newsletter - wheresyoured.at linktr.ee/betteroffline - podcast w/ iheartradio Columnist at Business Insider - www.businessinsider.com/author/ed-zitron CEO at EZPR.com - Award-Winning Tech PR Firm
33.1k followers735 following8.8k posts