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Is OpenAI the Next Big Silicon Valley Bust?

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OpenAI has COMPLETELY changed the stakes in AI, and potentially charted a new era that will rival the Industrial Revolution in changing the course of human history. But is it itself a viable business? And has it opened a pandora's box on infinitely expanding information that has no intrinsic connection to truth and mirrors the biases of the internet and its human trainers? ChatGPT can now have a long seamless dialogue with you as your favorite celebrity or movie character, it can write a Seinfeld TV episode from scratch, and even pass the test to be a licensed doctor. And it can do this virtually instantly for just a few pennies of computation cost. The powerhouse company behind all of it is OpenAI, and they could potentially power an entire generation of mega-chatbots that are more effective than humans. ChatGPT reached 100 million users faster than any product in history, including Facebook and Google. Suddenly everyone is talking about how OpenAI might take over millions of jobs, disrupt trillion dollar industries, and fundamentally change the way we learn, consume, and make decisions. Many including Elon Musk think OpenAI might even be the first to create and tame artificial general intelligence that would otherwise destroy the world. That’s why venture capitalists have been lining up around the block to invest at stratospheric valuations. Microsoft put in $10 billion into the company at an almost $30B valuation just months after the release of ChatGPT. OpenAI has become the hottest story in all of tech, and some think maybe even the biggest story in our lifetimes. But what you might not know about is how OpenAI is taking massive liberties and some potentially existential risks with its technology to make this possible. There are whispers that OpenAI could be sued into oblivion, or that it could kick off the next hype cycle to end all bubbles. Some have even shown how generative AI models can be used for great harm like discovering new biological weapons of mass destruction. And maybe most problematic, ChatGPT can create massive amounts of unreliable content that reflects human biases, potentially sowing the seed of mass misinformation or brainwashing if abused in the hands of a few technocrats. So..will OpenAI be the next Google of our times ushering in a golden age for AI, or will it be the next big startup bust, or something even worse? Let’s dig in. #openai #chatgpt #generativeai #startup
Posted March 2, 2023
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