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OpenAI and Microsoft extend partnership

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Re: OpenAI and Microsoft extend partnership

#121

Post by eternalban »

awestroke wrote: post #117
WastingMyTime89 wrote: post #85

Earlier quoted context omitted.

It is a for profit company in everything but name. That's my main complain. It has Musk, Thiel and Livingston amongst its initial investors, all known as the greatest philantropists of our time. /s I don't understand why they put this thin veneer on top of what they are doing. Maybe Thiel was burnt with the bad press surrounding Palantir and this is preventive damage control.

It's literally a nonprofit

That means absolutely nothing to billionaire control freaks.

If OpenAI's products become the next Googlie thing (and here I was worried about Cloudflare ) then these are the future influencers. This is society mainlined on TikTok levels of manipulation.

Surely you have adapted to ChatGPT's requirements for interacting, have you not? There is a name for this: social engineering.

Re: OpenAI and Microsoft extend partnership

#122

Post by codeisawesome »

drexlspivey wrote: post #28
dagw wrote: post #13

Earlier quoted context omitted.

Is ChatGPT down at the moment? No, but ChatGPT is at full capacity which means that it will 'randomly' block new connections until load drops. Keep trying every 5 - 10 minutes and you'll eventually get in

You can also pay for the new premium subscription for $42/month

Can’t seem to do that while the thing is down… wonder why they didn’t choose to separate the payment UX from the actual product.

Re: OpenAI and Microsoft extend partnership

#124

Post by theropost »

adpirz wrote: post #61

For people more well versed in this space: does GPT / OpenAI more broadly have a meaningful moat? It seems like there will be a number of these models out there and this isn't as great as say Google's up-till-now advantage in search relevancy.

I recently wondered if one of the reasons for Google shutting down Stadia, was to quickly ramp their GPU server stockpile to redirect the resources at GPT modelling, to help catch up.

Re: OpenAI and Microsoft extend partnership

#125

Post by brookst »

Closi wrote: post #14
ckastner wrote: post #8

> In pursuit of our mission to ensure advanced AI benefits all of humanity, OpenAI remains a capped-profit company and is governed by the OpenAI non-profit. This structure allows us to raise the capital we need to fulfill our mission without sacrificing our core beliefs about broadly sharing benefits and the need to prioritize safety. All this time, I was entirely unaware of this.

The cap is 100x, so assuming Microsoft is investing billions in a current valuation of $29 billion as rumoured, the cap will only really come into place once OpenAI becomes the most valuable company in the world.

Market cap is not a measure of past profits.

Re: OpenAI and Microsoft extend partnership

#126

Post by Keyframe »

yellow_postit wrote: post #95
Keyframe wrote: post #82

Earlier quoted context omitted.

This company will not reach AGI. Let's be real there for a moment. This company doesn't even have a decent shot at Google's lunch if Google comes to its senses soon, which it will.

_startup has no shot once incumbent comes to their senses_ is a claim that I think HackerNews of all places would be cautious in believing too fully. Is it likely Google or others with large Research wings can compete with OpenAI? Very probably so, but I’m assigning a non trivial risk that the proverbial emperor has no clothes and incumbents like Google cannot effectively respond to OpenAI given the unique constraint…

You _do_ understand everything we've seen from OpenAI Google already showed us they have? Not to mention OG research and being the primary r&d force behind vast majority of AI you're seeing. They haven't put it in hands of users as directly yet though, reasons to be speculated upon.

Re: OpenAI and Microsoft extend partnership

#127

Post by roflyear »

alexeichemenda wrote: post #97
roflyear wrote: post #41

Earlier quoted context omitted.

Isn't this a wild cap? I'm not an expert but I am aware of private deals that are less than 10x for similar structures.

100x is a great return even for YC standards, but the best returns that business angels, VCs and YC have had is in the order of magnitude of 10000x (yes, ten thousand). So capping at 100x still makes it attractive for investors, yet leaves a lot of potential capital for the non-profit. As one example, Sequoia invested in Airbnb at $0.01 per share, and Airbnb's current stock price is $102, almost exactly 10000x return…

When you invest in a company with this structure you're not doing it to make money, you're doing it b/c you believe in the product, that's why those structures exist, from my understanding.

Re: OpenAI and Microsoft extend partnership

#128

Post by roflyear »

Kuinox wrote: post #49
roflyear wrote: post #41

Earlier quoted context omitted.

Isn't this a wild cap? I'm not an expert but I am aware of private deals that are less than 10x for similar structures.

If they reach AGI, or more simply replace a chunk of workers with AIs, this isn't far fetched to reach these numbers.

I think a lot of people are misunderstanding what I meant. I meant that it is really high for a business that is marketing themselves as non-profit. I have seen similar structures that are like 10x profit caps, which seems reasonable. 100x is a lot of ceiling.

Re: OpenAI and Microsoft extend partnership

#129

Post by whimsicalism »

roflyear wrote: post #127
alexeichemenda wrote: post #97

Earlier quoted context omitted.

100x is a great return even for YC standards, but the best returns that business angels, VCs and YC have had is in the order of magnitude of 10000x (yes, ten thousand). So capping at 100x still makes it attractive for investors, yet leaves a lot of potential capital for the non-profit. As one example, Sequoia invested in Airbnb at $0.01 per share, and Airbnb's current stock price is $102, almost exactly 10000x return…

When you invest in a company with this structure you're not doing it to make money, you're doing it b/c you believe in the product, that's why those structures exist, from my understanding.

if you believe in the product so much, just donate the money.

what you are saying is not true.

Re: OpenAI and Microsoft extend partnership

#130

Post by whimsicalism »

lonelyasacloud wrote: post #109
Closi wrote: post #14

Earlier quoted context omitted.

The cap is 100x, so assuming Microsoft is investing billions in a current valuation of $29 billion as rumoured, the cap will only really come into place once OpenAI becomes the most valuable company in the world.

Google apparently has a market cap of around $1.200 Trillion based [0] largely on (for 2021) revenue of 256.7 billion U.S. dollars, of which 209.49 billion U.S. dollars came from advertising [1]. It's apparently fourth on the list of valuable companies [4] If OpenAI takes a good chunk of Google's ad revenues then it doesn't seem that fanciful that it'll be up toward the top of market caps. [0] https://companiesmarket…

> If OpenAI takes a good chunk of Google's ad revenues then it doesn't seem that fanciful that it'll be up toward the top of market caps.

OpenAI taking a large chunk of Google's ad revenue seems fanciful to me

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