Part 4/9:
Diving deeper into the financial aspects, Zitron highlights the staggering amounts of money being poured into AI companies without any clear pathway to profitability. OpenAI, he explained, spent $9 billion last year while losing $5 billion. With the claims of eventual profitability and transformative capabilities, he questions when, or if, these companies will ever see a return on investment. “Every single one of these companies is unprofitable,” he exclaimed, punctuating his point by indicating that AI technologies such as ChatGPT are more about marketing than genuine value.