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> It’s important to reiterate that the PPUs inherently are not redeemable for value if OpenAI does not turn a profit. That said, there are investors that have b
by almost_usual 3y ago
> It’s important to reiterate that the PPUs inherently are not redeemable for value if OpenAI does not turn a profit. That said, there are investors that have been willing to pay for these PPUs and that’s where the value being told to candidates is derived from.
> In conversations with recruiters we’ve heard from some candidates that OpenAI is communicating that they don’t expect to turn a profit until they reach their mission of Artificial General Intelligence (AGI). As with any startup, there are risks associated with equity and it’s important to consider the possibility that equity can be worth nothing.
This is weird. They don’t expect to be profitable until AGI exists? Does the monetary system we have today even matter at that point?
- deleted 3y ago[deleted]
- onetokeoverthe 3y ago[dead]
- wmf 3y agoIf OpenAI has a monopoly on AGI within the current neoliberal capitalist framework they'll make trillions before the system collapses. It's like Aramco but bigger.
- deleted 3y ago[deleted]
- almost_usual 3y agoWhich still sucks for PPUs because growth is capped 10x.