shmatt

20 ms·

181.
by shmatt 3y ago
I’m referring to Satyas email from May saying there will be no raises and the bonus pool will be significantly reduced That’s fine for corporate employees, but OAI employees were promised mountains of money to leave Google/Meta, they m
182.
by shmatt 3y ago
Im referencing large PPU grants in OpenAI offers, with 4 year vests, they sure made it feel like regular employees are being given a chance to join now and be millionaires via theirs PPUs If this was never true, that’s on the OpenAI team th
183.
by shmatt 3y ago
We went from OAI employees flaunting “$1,000,000 per year salaries” to the New York Times to “what equity?” Really fast This isn’t personally against you but they never had the $1M/year they flaunted when Sam the savior was their CEO
184.
by shmatt 3y ago
I will admit I haven’t seen an OAI contract, but have seen articles and multiple Levels.fyi posts for about $600k equity/year (worth $0 right now obviously) So any idea how that translates into the profit sharing? They have no profit r
185.
by shmatt 3y ago
I can’t believe people are cheerleading this move * Tigris is DOA - If because it would piss off the MSFT board but mostly because the SEC would arrest Sam assuming he’s an officer at MSFT. He could maybe be a passive investor, but that’s i
186.
by shmatt 3y ago
Exactly. If new Altman AI company is the next big thing, then Astral AI is the next trillion dollar company Easier said than done
187.
by shmatt 3y ago
Could have been on a WorldCoin zoom though
188.
by shmatt 3y ago
And the funniest part is OpenAI has been refusing to hire remotely. That’s their right, but I wonder how many office days a week Sam was there with all of his other shenanigans OpenAI CEO Sam Altman says the remote work ‘experiment’ was a m
189.
by shmatt 3y ago
Then the board essentially owns the company, if I understand your comment correctly. So it’s like if Yann LeCun says he’ll come back to Meta once Zuck sells all his shares
190.
by shmatt 3y ago
This makes no sense. People are calling what the board did a coup, but Altman is trying (failing?) to stage a coup. The board was Altmans boss - this is pretty much their only job. Altman knew this and most likely ignored any questions or c
191.
by shmatt 3y ago
But did that start yesterday? Sam knew who his bosses were. Managing up is an important thing unless you think the company is all about you
192.
by shmatt 3y ago
How is this a coup? The board is the CEOs boss. If that’s not true then they should have chosen a different corporate structure
193.
by shmatt 3y ago
Sounds like they were the perfect fit in the pre GPT-3, ChatGPT, DALL-E world Honestly I don’t understand the drama around 2 executives who have not done any transformer research or whatever will come after transformers The GenAI world will
194.
by shmatt 3y ago
So supergroup AI tech leaders announce new company raising $1B pre seed at $7B valuation Monday?
195.
by shmatt 3y ago
How often would ChatGPT hit the exact API you expect with the exact request you need in 1 shot. People I know will still very often try 5 prompts before they get what they wanted from LLMs, that doesn't work in a Siri world (or its jus
196.
by shmatt 3y ago
Wouldn't you expect to pay a premium over someone who is home and heavily involved in the sale? If your service was worth 3%, maybe a regular one is worth 1%
197.
by shmatt 3y ago
imagine someone bumping into you and the battery gets slightly dislodged, your $700 does-95%-less-than-an-iphone device has now shattered on the floor
198.
by shmatt 3y ago
Then they actually profited, and didnt lose $700k
199.
by shmatt 3y ago
>The person who ordered the item would get to keep the product and receive a refund Everyone seems to be ignoring this part. Retailers have adopted a new "just keep it" return policy[1]. Which is pretty obviously causing this f
200.
by shmatt 3y ago
The investors will only get their 1000x if OpenAI can convince people its risk free to use. So they'll happily cover the legal battle to prove it or spent every last company penny trying
201.
by shmatt 3y ago
Not challenging peoples capabilities doesn't scale well. Did you ever hire someone with 0 interviews, just because they work for another good company? Then why do that after M&A? Its not unusual for the force cuts to be done via in
202.
by shmatt 3y ago
I have to wonder, for the average HN commenter, does your team have a net positive cash result on your employer. Because statistically speaking it has to be less than 50% Big tech is like a giant VC fund. You have one part, maybe not even t
203.
by shmatt 3y ago
* Marketplace is the defacto place to buy/sell locally * Groups are about 1000x better in quality and organic posts than Reddit
204.
by shmatt 3y ago
KLM profits: about 1 Billion Euro per year HappyFox (Twitter integration into customer support tickets) $40-$100 per user per month Twitter: Unprofitable Maybe this wasn't sustainable all along, even pre-Musk implosion. Everyone was ma
205.
by shmatt 3y ago
The same reason Apple started the fake "out of focus background" on non DSLR phone cameras. It makes people feel like its better
206.
by shmatt 3y ago
I remember a Windows Blackcomb demo from 2003 that had features as subscriptions. So you got it exactly right with 20 Years
207.
by shmatt 3y ago
Cue Senator Winfrey
208.
by shmatt 3y ago
I wrote a similar comment yesterday but worth noting again. This isn't the usual group of MBAs looking for a quick buck. These are the people who have come in from ironSource. A company who has made billions by attaching malware in dis
209.
by shmatt 3y ago
I think we need to decide on its meaning first. Most people these days use it as a death mark. Except the original op-ed often quoted used Meta, Uber, TikTok and Google - companies who make billions of clean profit per quarter, and more pro
210.
by shmatt 3y ago
I don't know how much people know or have heard about ironSource. It's kind of an open secret in Israel on how they built a company to profit by building what is essentially malware (installers disguised as OEM while they're

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