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> Sam, Greg, Elon, Reid Hoffman, Jessica Livingston, Peter Thiel, Amazon Web Services (AWS), Infosys, and YC Research are donating to support OpenAI. In total,

by rjvir 11y ago

> Sam, Greg, Elon, Reid Hoffman, Jessica Livingston, Peter Thiel, Amazon Web Services (AWS), Infosys, and YC Research are donating to support OpenAI. In total, these funders have committed $1 billion Funny how they just slipped that in at the end

jcsnv 11y ago
How so?
- ceocoder 11y ago
  I believe GP is commenting about nonchalant, matter-of-fact mention of $1 billion.
  - jcsnv 11y ago
    Thank you
  - tgb 11y ago
    And that the name dropping would have been the clickbait headline in most articles.
deleted 11y ago
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deleted 11y ago
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ipsum2 11y ago
Note that this is "committed $1 billion", not funded. "although we expect to only spend a tiny fraction of this in the next few years."
- chimeracoder 11y ago
  > Note that this is "committed $1 billion", not funded. That same caveat could apply to any fund raised by a venture fund - usually funds are committed, and the actual capital call comes later (when the funds are ready to be spent). It's an important caveat in some circumstances (e.g. it hinges on the liquidity of the funders, which may be relevant in an economic downturn), but in this one, I'm not sure it really makes a difference for this announcement.
fscherer 11y ago
I laughed out loud when I read that, really loud