2 days ago · “OpenAI is highly overvalued. I think we saw their business model sort of blow up over the last few days with DeepSeek basically giving away for free what they [OpenAI] wanted to charge money for,” Gary Marcus, a professor at New York University (NYU), said in an interview with CNBC on Tuesday, January 28. “We may see OpenAI’s evaluation plummet in the same way we saw with WeWork ...

16 hours ago · If Son spends $40 billion or more on his investment into OpenAI, it would be one of his largest ever – beating SoftBank’s $16 billion deal with WeWork, the failed office space company. Filed under

Oct 20, 2024 · When I think of OpenAI, I often think of WeWork: charismatic founder, immense valuation, questionable business plan, and the possibility of similar immense deflation in their valuation, if confidence wavers. But sometimes I have heard others compare OpenAI to Theranos, which was basically a fraud.

1 day ago · If Son spends $40bn or more, it would be one of his biggest-ever investments, eclipsing the $16bn that SoftBank injected into failed office space group WeWork. OpenAI has raised roughly $20bn over ...

1 day ago · OpenAI reached a $157 billion valuation last year after raising roughly $20 billion across multiple funding rounds, including SoftBank's earlier $2 billion stake. ... If completed, the investment would dwarf SoftBank's infamous $16 billion bet on WeWork. OpenAI and SoftBank did not immediately respond to Decrypt’s request for comments on ...

1 day ago · OpenAI’s deal with SoftBank, which Financial Times says hasn’t been finalized, represents SoftBank founder Masayoshi Son’s biggest bet since injecting $16 billion into WeWork. It would also ...

Mar 1, 2024 · WeWork, a unicorn startup once valued at nearly $50 billion, ultimately declared bankruptcy. Many experts attribute the company’s fall to the fact its growth was largely fueled by taking on...

Nov 14, 2024 · Gary Marcus: OpenAI could be the next WeWork. New York University professor emeritus Gary Marcus discusses the consequences of artificial intelligence and OpenAI's valuation on 'The Claman...

Oct 11, 2024 · The most concerning part: OpenAI is asking investors to exclude the billions of dollars it spends on training AI models, according to the documents analyzed by The Information.

Jun 15, 2024 · The academic has emerged as a vocal critic of OpenAI — and thinks it could end up like WeWork. Gary Marcus doesn't consider himself an AI skeptic.