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> If OpenAI achieves AGI and you invested in it, you get infinite returns The article states that this is explicitly false. By design, OpenAI's investor return
by whack 7y ago
> If OpenAI achieves AGI and you invested in it, you get infinite returns
The article states that this is explicitly false. By design, OpenAI's investor returns are capped at 100x.
I find it odd that 3 other people have also replied to your comment and I'm the first one to mention that OpenAI has explicitly capped investor returns to prevent an explosion in inequality. I wonder how many people read the full article before commenting.
- rfrey 7y agoI wonder if that was poor wording from the reporter. They write “capped” but then describe a liquidation preference.
- evrydayhustling 7y agoThe cap is one of the reasons this wager might actually be great marketing. - General hubris (ambition?) weeds out skeptics (curmudgeons?) In the audience right away. Not the intended buyer! - Every minute a potential investor spends contemplating the impact of a 100x return cap is a moment they are framing on that outcome. - OpenAI already proved that they can advance the cutting edge on specific AI tasks. In that context, AGI is a good smokescreen (or the kind of North star that you navigate toward without reaching). It's attractive to idealistic investors and new hires, but also justifies pragmatic research. I don't put weight on the AGI goal, but I fully believe that Sam can help find business models in the research projects that can be executed with a critical mass of talent and capital.
- mcguire 7y agoOnce the superintelligence achieves godhood, ye will remember yr true faithful.