OpenAI‘s business strategy doesn’t impress billionaire Marc Cuban.
“They’re [throwing] away the money at scale,” Cuban said.
In an appearance on the Big Technology Podcast, the former “Shark Tank” star criticized OpenAI’s fundraising efforts. He compared the ChatGPT maker to Apple, stating that they have “spent next to nothing” and yet they have built a foundation where you can just “plug and play into their devices.”
The entrepreneur added that he is skeptical of the large spending projections for data centers. He argued that computing power is advancing so quickly, becoming faster and cheaper, that many of today’s eye-catching investment projections are unlikely to materialize.
The numbers thrown out there “aren’t going to come to fruition,” Cuban said. “It’s not going to happen.”
Those who have gone all in on AI are “spending more cash than they have available,” …
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