Bret Taylor, chairman of OpenAI, has cautioned AI entrepreneurs about the financial challenges of developing new AI models. Speaking on the Minus One podcast, he highlighted the high costs of training these models, warning that only established tech giants like OpenAI, Google, and Meta Platforms Inc. possess the necessary resources. Taylor advised against launching new AI models due to the financial burden, which he believes hinders the growth of an “indie data center market.” Instead, he encouraged entrepreneurs to focus on creating services and use-cases, collaborating with major players in the industry. This strategy could allow developers to leverage OpenAI’s API for easier integration of AI into their applications. He noted that building AI models from scratch can quickly deplete capital, labeling them as “fast-depreciating assets.” As OpenAI pursues ambitious partnerships and projects, investor concerns regarding spending and profitability continue to grow.
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OpenAI Chairman: Tech Giants Will Lead the Way in AI Development—Startups Should Concentrate on Applications, Says Meta Platforms (NASDAQ: META)
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