Whether you love or hate OpenAI, the CapEx involved with this company will be viewed as historic in the future, and will change (has already changed) the paradigm of how tech startups/projects are funded
I think it will have an adverse affect to funding ecosystem.
The inevitable haircut all the funds are going to take in OpenAI and other AI startups when revenue fails to materialize[1] will herald a bust cycle and lot more circumspection in large investments like it happened few years back when a large number of Soft Bank investments did not pan out, notably most of them relied on big funding rounds to muscle out other players, not all of them have failed but all of them lost of enterprise value for investors.
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[1] This is inevitable regardless of success of the space, either because cost of inference keeps dropping in combination with competing with high quality open weight models as DeepSeek, Stable Diffusion and others have shown. It will have strong downward pressure on pricing impacting both revenue and profit.
It changed the paradigm negatively so far, it vacuumed so much money that anything non-AI is not getting much funding, it locked CapEx and now it's looking like there won't be a massive RoI for the capital spent.
The AI hype might have as well setback a lot of other products that never got the necessary funding to get up from the ground, it's not looking pretty.
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what do we think the acquisition price was? would've been cool if this happened a few months ago and the Artifact app could've continued on in some capacity
I think there's something to be said about the benefits of a collaborative environment. Junior Devs may be discouraged to approach senior devs with questions if it feels like they're walled off from one another
That's assuming the company still has motivation to continue and improve. I can only imagine there's a lingering feeling of dejection at Figma right now.
I agree that it feels like these press outlets have such a huge bias against Elon. And I definitely think that post-acquisition, the site has had more eyes on it than since the Arab Spring. But I'm not sure if the platform can get out from under its monetary issues
I think that's the common discourse in 2023, but who knows what we'll be saying in five years from now. Their motto has always been slow & steady wins the race. We'll see if that's really true, and if the Hare decides to nap
