3 ms·

I'd like to see him go back to congress and explain his previous angelic story of not profiting by one penny from OpenAI. Current OpenAI raise is rumored to be

I'd like to see him go back to congress and explain his previous angelic story of not profiting by one penny from OpenAI. Current OpenAI raise is rumored to be at $150B, so 7% is over $10B.

ToucanLoucan 2y ago
> I'd like to see him go back to congress and explain his previous angelic story of not profiting by one penny from OpenAI. A businessman lied? Pikachu's everywhere were shocked.
__loam 2y ago
It's incredible that a company that has been bleeding senior staff like a stuck pig is capable of getting these kinds of valuations.
- bananapub 2y ago
  it's not incredible at all - the "valuations" are just numbers that associates of OpenAI put in to the media, which then get republished. it truly is the ultimate triumph of the VC class.
  - HarHarVeryFunny 2y ago
    There is some reality to them - they are extrapolations of latest investment round. Say OpenAI had been valued at $100B, but some investors can be convinced to buy a 10% stake for $15B, then the company is now "valued" at $150B (10% = $15B => 100% = $150B).
    - HarHarVeryFunny 2y ago
      It's a bit like the tail wagging the pig though, since reality is probably more like a 1% (tail) share being bought for $1.5B, and that determining the "value" of the remaining 99% (the whole pig).
- TheTxT 2y ago
  I can also value anything I want at $1T. It’s just a question of who agrees with me.
  - 93po 2y ago
    If a company can make ASI/AGI I think it will be worth a trillion dollars extremely easily. Probably more. I think OpenAI is probably the most likely to make it happen right now.
    - HarHarVeryFunny 2y ago
      Truly human level AGI, able - amongst other things - to replace many jobs (where a physical presence is not required/helpful) will obviously be very valuable, but it does not appear that LLMs are on the path to that, certainly not anytime soon (and not without extending the architecture with new capabilities). However, OpenAI don't even seem to have the goal of achieving this type of truly human level AGI - their own definition of AGI is along the lines of "able to perform most economically valuable tasks in a mostly autonomous fashion".
      - 93po 2y ago
        Karpathy himself believes that neural networks are perfectly plausible as a key component to AGI. He has said that it doesn't need to be superseded by something better, it's just that everything else around it (especially infrastructure) needs to improve. As one of the most valuable opinions in the entire world on the subject, I tend to trust what he said. source: https://youtu.be/hM_h0UA7upI?t=973 https://youtu.be/hM_h0UA7upI?t=973 I think the consensus of people with the most valid opinions is that AGI is actually not that far off, definitely in our lifetimes, and likely in the next decade. I'm personally not concerned if we recreate a human in a computer, in fact we might be better off not doing that. If we can replace nearly all manual labor, all software development, and all driving, then I would be really happy with the state of automation of "AGI" (societal ramifications aside).
        __loam 2y ago
- HarHarVeryFunny 2y ago
  I think it's at least in part FOMO from the VC's - maybe a bit like the dot-com mania, as well as them not understanding the technology and therefore having to believe the breathless hype and cherry-picked demos from the likes of Sam Altman.

I'd like to see him go back to congress and explain his previous angelic story of not profiting by one penny from OpenAI. Current OpenAI raise is rumored to be at $150B, so 7% is over $10B.

ToucanLoucan 2y ago

> I'd like to see him go back to congress and explain his previous angelic story of not profiting by one penny from OpenAI. A businessman lied? Pikachu's everywhere were shocked.

__loam 2y ago

It's incredible that a company that has been bleeding senior staff like a stuck pig is capable of getting these kinds of valuations.

bananapub 2y ago
it's not incredible at all - the "valuations" are just numbers that associates of OpenAI put in to the media, which then get republished. it truly is the ultimate triumph of the VC class.
- HarHarVeryFunny 2y ago
  There is some reality to them - they are extrapolations of latest investment round. Say OpenAI had been valued at $100B, but some investors can be convinced to buy a 10% stake for $15B, then the company is now "valued" at $150B (10% = $15B => 100% = $150B).
  - HarHarVeryFunny 2y ago
    It's a bit like the tail wagging the pig though, since reality is probably more like a 1% (tail) share being bought for $1.5B, and that determining the "value" of the remaining 99% (the whole pig).
TheTxT 2y ago
I can also value anything I want at $1T. It’s just a question of who agrees with me.
- 93po 2y ago
  If a company can make ASI/AGI I think it will be worth a trillion dollars extremely easily. Probably more. I think OpenAI is probably the most likely to make it happen right now.
  - HarHarVeryFunny 2y ago
    Truly human level AGI, able - amongst other things - to replace many jobs (where a physical presence is not required/helpful) will obviously be very valuable, but it does not appear that LLMs are on the path to that, certainly not anytime soon (and not without extending the architecture with new capabilities). However, OpenAI don't even seem to have the goal of achieving this type of truly human level AGI - their own definition of AGI is along the lines of "able to perform most economically valuable tasks in a mostly autonomous fashion".
    - 93po 2y ago
      Karpathy himself believes that neural networks are perfectly plausible as a key component to AGI. He has said that it doesn't need to be superseded by something better, it's just that everything else around it (especially infrastructure) needs to improve. As one of the most valuable opinions in the entire world on the subject, I tend to trust what he said. source: https://youtu.be/hM_h0UA7upI?t=973 https://youtu.be/hM_h0UA7upI?t=973 I think the consensus of people with the most valid opinions is that AGI is actually not that far off, definitely in our lifetimes, and likely in the next decade. I'm personally not concerned if we recreate a human in a computer, in fact we might be better off not doing that. If we can replace nearly all manual labor, all software development, and all driving, then I would be really happy with the state of automation of "AGI" (societal ramifications aside).
      - __loam 2y ago
HarHarVeryFunny 2y ago
I think it's at least in part FOMO from the VC's - maybe a bit like the dot-com mania, as well as them not understanding the technology and therefore having to believe the breathless hype and cherry-picked demos from the likes of Sam Altman.