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"he result was a “capped-profit” structure that would limit the return of investment at 100-fold the original sum. If you invested $10 million, at most you’d ge
by vasilipupkin 5y ago
"he result was a “capped-profit” structure that would limit the return of investment at 100-fold the original sum. If you invested $10 million, at most you’d get $1 billion. Not exactly what I’d call capped."
what bizarre writing style / logic. It is exactly what I would call capped, it's capped at 100x.
- bpodgursky 5y agoI don't think this is an unreasonable structure for a company genuinely worried that their technology will disrupt and replace a large fraction of the global economy. If OpenAI genuinely produced a strong AI (I'm not saying they will, I'm saying they think they will) the investment returns would be 10,000x, or possibly uncountably more than that.