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This suggests OpenAI has peaked and will begin its slow fade to irrelevancy. Ai.com Superbowl ad next year will really seal the deal.

B1FF_PSUVM 4y ago
Cf. C. Northcote Parkinson’s essay ‘Plans and Plants, or The Administration Block.’
deleted 4y ago
[deleted]
elil17 4y ago
OpenAI has raised $11 billion. $11 million is a drop in the bucket for them if it gets them more customers, more job applicants, etc.
- ldargin 4y ago
  As it stands, its 3000 drops in a 3 gallon bucket.
  - 93po 4y ago
    It's 4 months out of 348 years.
    - elil17 4y ago
      It’s 11 million bananas out of 11 billion bananas
  - elil17 4y ago
    I think it would actually be 227 drops in a 3 gallon bucket. However it's important to consider that it would be a mere 19 drops in a 1 quart pail. (based on 75k drops per gallon)
    - diydsp 4y ago
      From the way you added "However it's important to consider" at the end of your answer, i believe you used chatgpt3 to write that.
      - elil17 4y ago
        Just trying to be funny
  - KyleBerezin 4y ago
    So there are around 15k drops per gallon. So a drop in a 3 gallon bucket would be 1/45,000th. That would make this approximately 45 drops in the bucket. I hope this data helps inform the discussion about the URL.
- mikepurvis 4y ago
  I wonder if they're looking to hire the kinds of people for whom having a vanity domain name like that would be a major deciding factor.
- taylorfinley 4y ago
  A substantial part of the bucket is filled with azure credits, rather than anything liquid (groan) Also, "we have so much money that we don't even need to think about the value we're getting by spending this $11M" is exactly the kind of thinking that leads to an inevitable fade into irrelevancy.
  - elil17 4y ago
    About 500M is in the form of Azure credits. Those Azure credits should be as good as cash to OpenAI given that they are in the business of training AI models. Tesla paid 11M for tesla.com. Apple paid 6M for iCloud.com. They are still doing fine. And if either fails, it won't be because they bought domain names.
maxlamb 4y ago
That could also be like saying back in 2005 that thefacebook.com must have peaked because they bought Facebook.com for what was then considered a large sum of money…
- otabdeveloper4 4y ago
  So what was the year when Facebook peaked, in your opinion?
  - rchaud 4y ago
    on HN, you could be asking this question to a student, a worker, a VC or a stock analyst. They'll all have a different answer.
  - maxlamb 4y ago
    Not sure but it definitely was not 2005
    - deleted 4y ago
      [deleted]
- rom-antics 4y ago
  I think the giveaway is the generic domain name. If Facebook bought socialmedia.com it would be a good bet they peaked.
bakuninsbart 4y ago
I doubt it; I know more people thinking about buying a subscription to chatgpt now than back when Netflix was released here in Germany. They would have to truly mess up to lose the incumbent advantage now, especially considering that the whole current business seems to be about scale and fundamental advancements aren't copyrighted.

B1FF_PSUVM 4y ago

Cf. C. Northcote Parkinson’s essay ‘Plans and Plants, or The Administration Block.’

deleted 4y ago

[deleted]

elil17 4y ago

OpenAI has raised $11 billion. $11 million is a drop in the bucket for them if it gets them more customers, more job applicants, etc.

ldargin 4y ago
As it stands, its 3000 drops in a 3 gallon bucket.
- 93po 4y ago
  It's 4 months out of 348 years.
  - elil17 4y ago
    It’s 11 million bananas out of 11 billion bananas
- elil17 4y ago
  I think it would actually be 227 drops in a 3 gallon bucket. However it's important to consider that it would be a mere 19 drops in a 1 quart pail. (based on 75k drops per gallon)
  - diydsp 4y ago
    From the way you added "However it's important to consider" at the end of your answer, i believe you used chatgpt3 to write that.
    - elil17 4y ago
      Just trying to be funny
- KyleBerezin 4y ago
  So there are around 15k drops per gallon. So a drop in a 3 gallon bucket would be 1/45,000th. That would make this approximately 45 drops in the bucket. I hope this data helps inform the discussion about the URL.
mikepurvis 4y ago
I wonder if they're looking to hire the kinds of people for whom having a vanity domain name like that would be a major deciding factor.
taylorfinley 4y ago
A substantial part of the bucket is filled with azure credits, rather than anything liquid (groan) Also, "we have so much money that we don't even need to think about the value we're getting by spending this $11M" is exactly the kind of thinking that leads to an inevitable fade into irrelevancy.
- elil17 4y ago
  About 500M is in the form of Azure credits. Those Azure credits should be as good as cash to OpenAI given that they are in the business of training AI models. Tesla paid 11M for tesla.com. Apple paid 6M for iCloud.com. They are still doing fine. And if either fails, it won't be because they bought domain names.

maxlamb 4y ago

That could also be like saying back in 2005 that thefacebook.com must have peaked because they bought Facebook.com for what was then considered a large sum of money…

otabdeveloper4 4y ago
So what was the year when Facebook peaked, in your opinion?
- rchaud 4y ago
  on HN, you could be asking this question to a student, a worker, a VC or a stock analyst. They'll all have a different answer.
- maxlamb 4y ago
  Not sure but it definitely was not 2005
  - deleted 4y ago
    [deleted]
rom-antics 4y ago
I think the giveaway is the generic domain name. If Facebook bought socialmedia.com it would be a good bet they peaked.

bakuninsbart 4y ago

I doubt it; I know more people thinking about buying a subscription to chatgpt now than back when Netflix was released here in Germany. They would have to truly mess up to lose the incumbent advantage now, especially considering that the whole current business seems to be about scale and fundamental advancements aren't copyrighted.