• Bot Eat Brain
  • Posts
  • OpenAI is spending billions of dollars more than it’s making.

OpenAI is spending billions of dollars more than it’s making.

PLUS: Meta's new model, SAM 2

TOGETHER WITH

Good morning, human brains, and welcome back to your daily munch of AI news.

Here’s what’s on the menu today:

  • ChatGPT costs too much money 🤖 💸

    OpenAI is spending billions of dollars more than it’s making.

  • Meta’s new model, SAM 2 🎬 ✂️

    This new model segments objects in both images and videos in real-time.

Sponsor Bot Eat Brain and reach over 20,000 readers.

(Now 50% off)🤯

Peep today's ‘What Would You Do?’ at the bottom. 👇

MAIN COURSE

ChatGPT costs too much money 🤖 💸

On Wednesday, The Information reported on OpenAI's 2024 budget, with a potential $7 billion tab for AI training and inference.

That's a lotta cash. What's the breakdown?

OpenAI is spending $4 billion for ChatGPT inference on Microsoft servers, $3 billion for training new models, $1.5 billion for its growing 1,500-person workforce, and more.

They’re making money, right?

Yeah, but not enough. They're pulling in about $2 billion annually from ChatGPT, $1 billion from LLM access fees.

So what?

OpenAI could be staring down a $5B loss this year. They might need to pass the hat around for more funding within 12 months.

How are they making this work?

Microsoft's giving them a sweet deal on Azure compute - about $1.30 per A100 server per hour. That's way below market rate.

Is this sustainable?

That's the billion-dollar question. OpenAI's betting big on AI dominance, but it's a costly gamble.

AI-driven real estate business in a box

Our Shotgun Wholesaling Business is a multi-million-dollar land business that is fully automated and recession-proof.

The real estate industry is built on leads, and the Rooster Vance team has built the most advanced AI-powered lead mining platform in existence.

Build yourself a wholesale real estate empire by modeling our business inside our Shotgun Wholesaling mentorship program, or blast off by investing in your own clone of our business.

This comes complete with all of our AI bots and our custom CRM for a fully automated turnkey real estate business that will grow into your own empire with a little nurturing and care.

Book a quick call today to discover how your new automated, AI-driven real estate business can be launched and profiting $100k per month in under 60 days.

SIDE SALAD

Meta’s new model, SAM 2 🎬 ✂️

Yesterday, Meta just unveiled SAM 2 at SIGGRAPH 2024. It’s a new AI system that identifies and outlines objects in both images and videos.

What's the big deal?

SAM 2 can segment objects in both images and videos in real-time. It's like giving your computer superhuman vision.

Cool. What can it do?

It allows you to segment any object in images or videos, process video frames on the fly with its “streaming memory” design. It outperforms previous models in speed and accuracy.

Let me guess, I can’t use it?

Meta's releasing SAM 2 as open-source under an Apache 2.0 license. They're also dropping a massive dataset called SA-V for researchers to play with.

What's it good for?

Think streamlined video editing, smarter self-driving cars, and more advanced robotics. The possibilities are pretty wild.

So, it’s good?

It's not perfect. SAM 2 struggles with drastic camera changes, long object occlusions, and super detailed or fast-moving objects.

YOUR DAILY MUNCH

Cool Tools ⚒️

Beehiiv is the platform I use to create the newsletter you’re reading right now. If you’d like to start your own newsletter, use this link.👇

Think Pieces 🧠

SIGGRAPH 2024 got weird. Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg swapped jackets, and complimented each other on their physiques.

Startup News 💰

Apple’s AI features won’t come out till October. The features, including improvements to Siri, will now arrive with iOS 18.1 and iPadOS 18.1 (around Sept).

Research 👨‍🔬

Diffree — a model that adds objects to images using text descriptions, ensuring background consistency without needing masks.

AgentScope — a multi-agent platform designed for large-scale simulations, addressing scalability, agent diversity, and management efficiency.

FURRY FRIENDS

“Let me introduce to you… MAX” 🐶

Respond to this email with your pet’s name and pic for a chance to be featured here tomorrow!

MEMES FOR DESSERT

AI ART SHOW

WHAT WOULD YOU DO?

We got new chairs for the office… 🧟‍♂️

Which one do you want? 👇

Futuristic Luxury

Login or Subscribe to participate in polls.

Ideas? Comments? Complaints?

Respond to this email or hit me up on 𝕏.

Until next time 🤖😋🧠

What'd you think of today's newsletter?

Login or Subscribe to participate in polls.