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Why OpenAI’s $157B valuation misreads AI’s future

OpenAI's $6.6 billion fundraise earlier this month was a statement about where AI will create value and who stands to capture it. Its investors are betting that AI is so transformative that the usual rules of focus and specialization don't apply - the first company to achieve AGI will win everything. However, there are many barriers to overcome before its goal can be achieved. This article looks at the challenges that OpenAI faces and where the most promising opportunities in AI for investors and startups lie. New technologies, no matter how revolutionary, don't automatically translate into sustainable businesses.

#technology #ai #openai #artificialintelligence