This post seems to be going around.
People are sharing that Open AI might go bankrupt next year because it burns through 5.8cr PER DAY!
Yeah, right.
5.8cr/day is ~2000cr/year = $250M/year.
Your friendly neighbourhood Swiggy, Meesho, Paytm, Ola, Flipkart have burnt through more of it for months and even years.
Most Indian startups have burnt through that kind of capital at their peaks and several of them are largely fine. Uber at it's peak was burning 10X more capital for YEARS. And OpenAI is perhaps one of the most important startups in the last few years and has a $10B funding lined up.
They will be fine folks.
I just spent 1 hour on the #linkedin@LinkedIn jobs portal trying to figure out the EASIEST way to post multiple jobs. I feel like I just forgot my #uxdesign skills. That experience sucks. We're HIRING @Spinach_Studios lets see #twitter do its magic!
https://t.co/YMBo8IRBLb
Just got done with day 1 of @DesignOpsSummit. It was great to see that orgs, teams, designers we all have similar stories to tell and so much to learn from each other’s experiences. Looking forward eagerly to day 2! #cantwait@RosenfeldMedia
For the first time in days I opened my fridge and ate some home cooked food, when my brain was constantly sending me visuals of restaurants I could order from. Trying to keep myself from losing it one moment at a time. It deserved a tweet! #pandemic#ihateyou