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I agree with you. Even Anthropic's CEO said EXACTLY this. He said, if you actually look at the lifecycle of each model as its own business, then they are all ve
by atonse 1y ago
I agree with you. Even Anthropic's CEO said EXACTLY this. He said, if you actually look at the lifecycle of each model as its own business, then they are all very profitable. It's just that while we're making money from Model A, we've started spending 10x on Model B.
- pmdr 1y agoWell have they actually come up with data supporting this?
- vessenes 1y agoYes and it’s furnished to some of the worlds best investors who are happy to pay valuations between 150 and 500b to access it
- louiereederson 1y agothe logic of a happy WeWork investor
- surgical_fire 1y agoAmong those are the guys that gave money to WeWork. Make of that what you will. I am not really betting on it.
- pmdr 1y agoYeah, no investor has ever been conned before /s I do hope Ed's wrong, I actually stand to financially benefit from it.
- jrflowers 1y agoI don’t quite understand your wording here. Do we have to “pay valuations between 150 and 500b” to access the data that supports the justification of the valuation or can you just link to it?
- jfengel 1y agoExponential cost growth with, at best, linear improvement is not a promising business projection. Perhaps at some point we'll say "this model is profitable and we're just gonna stick with that".
- mrandish 1y ago> Perhaps at some point we'll say "this model is profitable and we're just gonna stick with that". I don't follow it that closely but my perception is that's already happened. Various flavors of GPT 4 are still current products, just at lower prices.
- majewsky 1y agoThat is not what GP was saying. They were saying that a foundation model company would say "$CURRENT_MODEL is so good that it is no use training $NEXT_MODEL right now", which I don't think is the current stance of any of those companies. Given that they are all constantly spending money on R&D for the next model, it does not really matter how long they get to offer some of the older models. The massive R&D spend is still incurred all the time.