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New funding to build towards AGI
- cypherpunks01 2y agoThey might need to throw a little more funding into TTS training. Play it and first thing you hear is an enthusiastic "Today we’re announcing new funding - 40 bi-dollars at a 300 bi-dollar post-money valuation!" Hah.
- j_bum 2y agoHow does something like this make it past the PR checks… it’s like no one listened.
- fleek 2y agoEveryone is using their ai agent to do their jobs. No one cares about work anymore.
- blooalien 2y ago> No one cares about work anymore. Why should they? Our "leaders" around the world are actively seeking to end human civilization. What point is there to work anymore? Even if humanity survives, we're gonna be knocked back to the dark ages at best. What are we all working for exactly? A "future" that's being rapidly dismantled?
- cheevly 2y agoYou require many xany bars.
- koakuma-chan 2y agoI work to sustain my ability to play games in the evening and on weekends.
- joshdavham 2y agoOh my goodness lol! Thanks for pointing that out. I never would've pressed play unless I had read your comment. That gave me a genuine laugh.
- j_bum 2y agoClearly the staff didn’t press play either lol
- darth_avocado 2y agoIt’s better than what I thought I heard “Today we’re announcing new funding forty five dollars at a three hundred five dollar post money valuation!”
- ljclifford 2y agoHard not to laugh, but you'd be surprised how often even other TTS companies are messing this kind of thing up. I think it has a lot to do with the data source they use for training, which evidently doesn't include a lot of currency amounts... If you're curious what's possible with <.01% of the funding, check out https://rime.ai/ https://rime.ai/. We train on data recorded in our studio and specifically include a lot of currency in our scripts for this very reason. [disclaimer: one of the founders of Rime]
- thundergolfer 2y ago> deliver increasingly powerful tools for the 500 million people who use ChatGPT every week. Wasn't aware they'd hit a WAU count this high. Impressive, but then again at this kind of valuation you sure want to be heading towards 9-figure MAU numbers.
- kevindamm 2y agoI wonder, the same user going through different tooling may show up as separate users if it's not a byo key kind of deal.
- poormathskills 2y agoArticle says ChatGPT, so that doesn't include users through the API.
- TacticalCoder 2y ago[dead]
- gisely 2y agoDo investors still not care about revenue and profits at a $300 billion valuation? Seems like the bigger problem for them is that they are losing money on the vast majority of those WAUs with no obvious route to profitability because most them will simply stop using it if forced to pay for it.
- anonylizard 2y agoIts a gigantic bet on user stickiness in AI, and the monetizable value of AI users who don't pay for subscriptions. Aka low-end consumers vs high-end consumers. Nvidia and AMD were low-end vs high-end. In the end Nvidia won a total victory by ditching low margin distractions like building GPUs for consoles, and focused solely on higher end PC GPUs that could dually act as accessible research chips.
- NoahZuniga 2y ago
- ljm 2y agoReal version: taxpayers fund new model towards AGI at the expense of their entire lives OpenAI had billions. Now it is asking for trillions. It's taking over.
- lovich 2y agoFor those who follow OpenAI closely Is this news, as in was this generally known to be coming, or is this an actual surprise announcement?
- poormathskills 2y agoThere have been news reports for this funding round for months, e.g. this one from January https://www.wsj.com/tech/ai/openaiin-talks-for-huge-investment-round-valuing-it-up-to-300-billion-2a2d4327 https://www.wsj.com/tech/ai/openaiin-talks-for-huge-investme...
- elorm 2y agoI don't think we'll ever see another startup raise so much funding every time they sneeze or wag a finger. It's getting ludicrous, really. $40B at a $300B valuation?
- candiddevmike 2y agoWhy is their valuation so much more than Anthropics? It's even bigger than Salesforce, SAP, and Cisco.
- riffic 2y agolemme tell you a story about tulips.
- randomcatuser 2y agoto be honest, OpenAI seems a bigger threat than Salesforce in the next 10 years
- deleted 2y ago[deleted]
- facile3232 2y agoThreat to what? How do you figure they're a bigger threat to whatever you identify than any other chatbot company?
- dwaltrip 2y agoThey have a lot more users than Anthropic, I believe. Less technical / mainstream users often don’t know about Claude.
- nashadelic 2y agoAlso, Anthroipic revenue is much lower. OpenAi's marketing is certainly outpacing A\
- joshdavham 2y ago> It's even bigger than Salesforce, SAP, and Cisco That's pretty incredible to think about. I recently visited SF for the first time and saw the Salesforce tower. To think that OpenAI now has a higher valuation than that is crazy to think about.
- windowshopping 2y agoJust wondering how many others in this thread perceive this quest for "AGI" as delusional at the current time, when we don't yet understand the basis of natural general intelligence in almost any way at all? It's good to shoot for the stars, but it feels like if NASA were asking for funding for a manned mission to Andromeda before even landing a man on Mars. The belief that LLMs are the ticket feels absolutely quixotic to me.
- gisely 2y agoI’m with you on that.
- i80and 2y agoThe idea that LLMs have any road to AGI is much like looking at Charles Babbage's analytical engine design and decreeing that the road to creating a mind is, to borrow a quote from Henry Babbage, merely "a question of cards and time".
- riku_iki 2y agoOne can define AGI the way it is achieved already: for example outperform avg human in large number of intellectual tasks.
- facile3232 2y agoThe market itself is also arguably a massive form of AGI that well-predates the concept. I choose this interpretation when watching Terminator (any of them really). TBF this doesn't imply anything about OpenAI's quest to make a chatbot that gets along with people at parties.
- windowshopping 2y agoBut general intelligence has so much more to it than this. It's so overly simplistic to say "outperform on tasks." General intelligence means perceiving opportunities. It means devising solutions for problems nobody else noticed. It means understanding what's possible and what's valuable just from existing without being told. It means asking questions without prompting, simply for the sake of wondering and learning. It means so many things beyond "if I feed this data input to this function and hit run, can it come up with the correct output matching my expectations"? Sure, an LLM might pass a series of problem-solving questions, but could it look up and see the motion of stars and realize they implied something about the nature of the world and start to study them, unasked, and deduce the existence of solar systems and galaxies and gravity and all the other things? I just don't buy it. It's so reductive. They're hoping to skip over all the real understanding and achieve something great without doing the real legwork to understand the true mechanisms of intelligence by just pouring enough processing time into training. It won't work. They're missing integral mechanisms by overfocusing on the one thing they have a handle on. They don't know what they don't know, but worse, they're not trying to find out.
- javier2 2y agoThey need more cash already?
- darth_avocado 2y agoAll that studio Ghibli photos probably emptied their coffers
- sevensor 2y agoThey have a giant furnace that only burns hundreds. As I understand it, they lose money on every query they serve, even if you don’t consider the cost of training.
- cadamsdotcom 2y agoHoping SoftBank gets a return but I fear it’s too large a round too late in OpenAI’s lifecycle. Maybe I lack vision. What would it take for OpenAI to join the ranks of trillion dollar companies?
- darth_avocado 2y agoSoftBank is usually a precursor to the bubble bursting. I’m more worried about the AI bubble bursting now than I was an hour ago.
- FiniteIntegral 2y agoSoftBank Group is not always known for the most sound funding, they did invest in the "Stargate" program that hasn't seen a whole lot of action.
- deleted 2y ago[deleted]
- getnormality 2y agoSure, why not? After all, Bitcoin is worth $1.6 trillion, and I have a much harder time rationalizing that.
- s1artibartfast 2y agoI have no problem with bitcoin valuation. It isnt a company intending to create revenue. It is a relatively arbitrary store of value, not an expectation of utility. Openai would need 15 Billion in profit of 15 billion per year for a P/E of 20 with zero risk, or a 10% chance of 150 Billion profits per year. Alphabet is about 100B earnings per year. Do you think Open AI has a 10% chance of being bigger than google? it doesnt have a moat, but I guess google doesnt either, it just dominates its market.
- facile3232 2y ago> What would it take for OpenAI to join the ranks of trillion dollar companies? Some kind of market advantage at the dominant price point?
- comrade1234 2y agoOpenAI is so try hard. Open source your stuff like your name implies.
- casenmgreen 2y agoYou can't get AGI using current method. The amount of funding can't change that.
- namaria 2y agoThey'll try to build that ladder to the moon with dollar bills it seems
- metadat 2y agoRelated submission from 5 days ago (re-upped 2 days ago): OpenAI closes $40B funding round, startup now valued at $300B https://news.ycombinator.com/item?id=43490010 https://news.ycombinator.com/item?id=43490010 (16 comments) Also worth reading the recent submission on what a tire fire it is being in the cage with altman: https://news.ycombinator.com/item?id=43514717 https://news.ycombinator.com/item?id=43514717
- drbig 2y ago$40B goes in... and what comes out we'll all see. _Something_ definitely will.
- 1970-01-01 2y agoAnd still nobody truly knows what AGI will do, or if it is even possible to achieve via massive datacenters.
- ilrwbwrkhv 2y agoAah the final boss battle is here. Openai now completely collapses and becomes Dell or cracks AGI.