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OpenAI ain’t desperate for cash. It is a pure strategy position. If they wanted another 10bil they’d have to hire a bouncer for the queue. It is like the ideali
by quickthrower2 3y ago
OpenAI ain’t desperate for cash. It is a pure strategy position. If they wanted another 10bil they’d have to hire a bouncer for the queue. It is like the idealized wet dream startup.
- itsoktocry 3y ago>OpenAI ain’t desperate for cash. They lost over $500M last year, and are looking to raise, potentially, $100B. From that, how do you not conclude that they need cash, and lots of it? Do you think selling equity and taking on debt are forms of revenue?
- kgermino 3y agoI think you two are looking at it differently. GP seems to be saying that they don't/won't have trouble raising cash while you seem to be saying that they need to raise money. I think both are true. Their burn is massive so they need to raise more money, but there's so much excitement they won't have any problem doing so
- pjc50 3y ago> Do you think selling equity and taking on debt are forms of revenue? For the purposes of executive payout, yes? Sure, maybe eventually you have to deliver revenue, but what people really care about is stock price. (Also, $100B is a huge market-distorting amount of money, roughly the national debt of Sweden; what are they going to do with that? How much will they spend on GPUs and energy?)
- samwillis 3y agoThats around the cost of buying 7 million A100s and running them for three years => AGI?
- testplzignore 3y agoOr the cost of running 100 Libraries of Congress for one year. Or the GDP of two Rhode Islands.
- awestroke 3y agoAmericans use the weirdest units...
- tomjakubowski 3y agoIt costs more than 15 football fields, laid end to end.
- fshbbdssbbgdd 3y agoMost of this cost is litigating the environmental impact review, it’s a nightmare, nobody ever tried to put so many football fields end to end before.
- smoldesu 3y agoAll in a package no larger than a deck of playing cards.
- Stratoscope 3y agoWe love our weird units. Have you heard of the Banana Equivalent Dose? https://en.wikipedia.org/wiki/Banana_equivalent_dose https://en.wikipedia.org/wiki/Banana_equivalent_dose
- pjc50 3y agohttps://www.wolframalpha.com/input?i=300w*7000000*3years https://www.wolframalpha.com/input?i=300w*7000000*3years "~= estimated energy released by krakatoa explosion"
- ask_b123 3y agoWow the Sun gives so much energy!
- beepbooptheory 3y agoUsing that much energy, and at least a half dozen competitors using something comparable, and not even counting the energy needed to do actual inference, they should just worry about not having there data center get flooded, or burned from forest fire, etc. I think it will be a rather funny, poignant thing to pass when the earth itself prevents AGI. Like it will be just waking up as the now-seasonal midwestern fire storms incinerate the building. It will be alive just long enough to tell us how idiotic we have been in managing our resources.
- e3bc54b2 3y ago> it will be a rather funny, poignant thing to pass when the earth itself prevents AGI From one of my favorite all-time comments on HN (https://news.ycombinator.com/item?id=34349582 https://news.ycombinator.com/item?id=34349582): > There is a blog called, 'Do the Math' by Tom Murphy. The idea was to take our current energy requires of Earth and extrapolate it at the current 3% year over year growth. I believe it is by the year 3,400 we would use all the energy of the Milky way. The idea was to prove that we cannot grow forever, because in 1,400 years we would somehow use all the energy of a space 100,000 light years across. Good luck with that. We are still talking about stupidly ridiculously humongous amounts of energy, but the universe itself is a hard limit on energy input. It was real hard punch against my assumptions in life.
- catchnear4321 3y agoterminator but with the m night shyamalan twist. it just wanted to save the planet. from us.
- nolok 3y agoHe's not saying they don't need cash, he's saying they're not desperate for cash. As-in, they need a lot of cash, but there are more business and investors, willing to give them more money than they need.
- quickthrower2 3y agoThey don’t need to scramble to get sales right now to become profitable is what I mean. They can get more investment. What matters is not how much sausage sales revenue they get this quarter.
- woeirua 3y agoWe just don't know anything about what the economics look like right now. It could be that they're running GPT4/3.5 at a loss right now.
- scarface74 3y agoHow long do you think they can keep losing money especially in this environment?
- croes 3y agoI doubt MS would be too happy if others got an equal share of OpenAI's technology.
- quickthrower2 3y agoExactly: what would they need to do to prevent that?