The construction of artificial intelligence (AI) infrastructure is just beginning, according to OpenAI’s CFO, Sarah Friar. Speaking on CNBC, she compared the AI boom to the historical buildout of railroads and electricity, emphasizing its significance beyond the internet’s earlier, less capital-intensive growth. AI’s demand for GPUs and computing resources is substantial, leading OpenAI to substantial partnerships with Microsoft and others to address these needs. Friar highlighted OpenAI’s revenue growth, noting their first billion-dollar month in July and skyrocketing earnings from the ChatGPT mobile app, which generated $1.35 billion in seven months, up from just $174 million the previous year. Despite these advances, concerns about overhyped AI investments emerge, particularly in light of an MIT report indicating minimal returns for organizations in the generative AI sector. OpenAI CEO Sam Altman concurs, acknowledging the potential bubble while affirming AI’s transformative importance.
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