OpenAI Reduces Hiring Pace

Sam Altman has announced that OpenAI is dramatically slowing down hiring due to increasing financial pressure. This news comes alongside an internal memo, dubbed "Code Red," urging employees to urgently fix ChatGPT's issues amidst growing competition.

Financial analysts warn that OpenAI could face a cash crunch within 18 months, comparable to that of Enron. The company is exploring new revenue streams, including advertising, signaling a possible end to the era of unlimited spending in the artificial intelligence sector.

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