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OpenAI Massively Cuts Spending Plan as Reality Closes in

April 1, 2020 | Futurism AI
OpenAI Massively Cuts Spending Plan as Reality Closes in
Alex Wong/Getty Images During a November podcast appearance alongside OpenAI investor Grad Gerstner, CEO Sam Altman lost his cool. After Gerstner challenged him on how a company “with $13 billion in revenues” can “make $1.4 trillion of spend commitments” through 2030, Altman got catty. “If you want to sell your shares, I’ll find you a buyer,” Altman snapped. “Enough.” At the time, despite certain pangs of panic over a growing AI bubble, the hype was at an