More Tales From Nvidia: More on Overspend (Issue #247!) 

The irony about this latest OpenAI controversy just dawned on me. They just spent $22.5 million to win $1 million and apparently they stole someone else’s work to do it. This is exactly their entire business model, and the business model for the industry as well! 

Tweet below says they blew $15 million of compute but numerous other sources peg the number at $22.5 million to win the $1 million (and again they apparently had to steal IP to do it):

On a related note, regarding the nonsense being spewed about OpenAI’s latest model Astra being AGI, it is far from that. Not only is it far from that, they seem to have spent hundreds of billions to create a model that is only 3.6% better on one benchmark (and it got there after eliminating some CoT controls so the compares are not even apples-apples), and it is no better based on other benchmarks and reported user experience. 

More of the same!

Position: None 

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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