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Amazon will invest up to $4B in Anthropic

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Re: Amazon will invest up to $4B in Anthropic

#231
post #85
post #31

For those who don’t know, Anthropic has an interesting list of investors: - Eric Schmidt (former Google CEO/Chairman), Series A - Sam Bankman-Fried (FTX), lead investor in Series B - Caroline Ellison (FTX), Series B - Google, Series C https://www.crunchbase.com/organization/anthropic/company_fi... ——— Question: why isn’t Anthropic using Google Cloud, given who their past investors include?

The downside to the whole FTX coming good from this bet is SBF will claim his methods were valid!

He can say whatever he wants. His credibility is in the tank given that he stole from his only cheerleaders.

Re: Amazon will invest up to $4B in Anthropic

#232
post #41

Earlier quoted context omitted.

You didn't say which version of GPT you prefer it over. My experience of Claude hasn't been good at all - I get obvious hallucinations all the time. Whereas I get pretty consistent accurate results with GPT-4. I just tried again now and asked it about HTMX and Django since I had just been reading an article about it. Claude invented a package called `htmx.django` and a decorator that could be imported called `@hx_req…

It won't hallucinate almost anything if you give it the entire documentation for the libraries you want to use. It can ingest many hundreds of pages of documentation without problem. Used like this it is far more powerful than GPT-4 or any existing model.

i know some people say its extended context is more hackery than not, but I've found better success with Claude in roughing out some paragraphs before editing when i provide it a lot of context

Re: Amazon will invest up to $4B in Anthropic

#233
post #31

For those who don’t know, Anthropic has an interesting list of investors: - Eric Schmidt (former Google CEO/Chairman), Series A - Sam Bankman-Fried (FTX), lead investor in Series B - Caroline Ellison (FTX), Series B - Google, Series C https://www.crunchbase.com/organization/anthropic/company_fi... ——— Question: why isn’t Anthropic using Google Cloud, given who their past investors include?

Google VC doesn't push Google products in an effort of remaining neutral and getting access to the best deals. It's a strategic mis-step for Google the company, but a win for Google the VC arm. Also shows Google's internal dis-organization.

Re: Amazon will invest up to $4B in Anthropic

#234
post #213

Earlier quoted context omitted.

Please do - not trying to be snarky, just legitimately interested.

each of these are known >$100m opportunities: Generative Text for writing - Jasper AI going 0 to $75m ARR in 2 years Generative Art for non-artists - Midjourney/Stable Diffusion Copilot for knowledge workers - both GitHub’s Copilot X and “Copilot for X” Conversational AI UX - ChatGPT / Bing Chat, with a long tail of Doc QA startups (shameless plug from https://www.latent.space/p/agents )

> Generative Text for writing - Jasper AI going 0 to $75m ARR in 2 years

And laying off a ton of staff in July..... the latest ARR numbers are not nearly as good.

Re: Amazon will invest up to $4B in Anthropic

#235
post #217

Earlier quoted context omitted.

Stadia existed for a total of 3 years. And downsized significantly after only two. Google cloud (it's earliest form anyway) launched in 2008. It's older than Drive and Photos. In a year or two, there will be Google employees younger than Cloud is.

Google is hiring 15 year olds?

"in a year or two".

Re: Amazon will invest up to $4B in Anthropic

#236

Earlier quoted context omitted.

> aren’t that many killer products You've got to be kidding me. Maybe for text. But what about video training neural nets? I could list killer products for days.

Please do - not trying to be snarky, just legitimately interested.

If you can train a machine using video, and get it to repeat what you have taught it...and then manufacture millions of them - you have an (almost)-zero-marginal-cost revolution just like you had for software development.

Plus, it's replacing $$$ humans. 4X the productivity while paying for itself in a few months.

Re: Amazon will invest up to $4B in Anthropic

#237
post #213

Earlier quoted context omitted.

Please do - not trying to be snarky, just legitimately interested.

each of these are known >$100m opportunities: Generative Text for writing - Jasper AI going 0 to $75m ARR in 2 years Generative Art for non-artists - Midjourney/Stable Diffusion Copilot for knowledge workers - both GitHub’s Copilot X and “Copilot for X” Conversational AI UX - ChatGPT / Bing Chat, with a long tail of Doc QA startups (shameless plug from https://www.latent.space/p/agents )

character.ai

Re: Amazon will invest up to $4B in Anthropic

#239
post #148

Earlier quoted context omitted.

> Why would an investment ever be "returned"? Because the money used for the investment was stolen.

Let's say for sake of argument the investment by FTX was made at a valuation of $1B and Anthropic is now worth $10B. Could Anthropic now say, "Oh no, that money was stolen, the investment was never valid, we're returning every last cent." and essentially do a huge share buyback at a steep discount to current valuation?

I guess that's not how corporate liquidation work.

A liquidator will evaluate the assets current market value and try to liquidate them in the most advantageous way for creditors.

Which means: they'll try to get at least the valuation that Anthropic got from the AWS deal. The problem is: they need to find someone willing to buy these shares at this price. If they do so, FTX creditors will be happy.

Re: Amazon will invest up to $4B in Anthropic

#240

Earlier quoted context omitted.

The world's greatest engineering talent won't save you if the management is incompetent. Google may yet experience a comeback, but it will start with throwing out the current C-suite.

Hassabis has some pretty serious chops on the leadership side as well as a firm grip on the technology. Him as CEO?

Deepmind didn't produce any AI product with good proven adaptation, while burned many billions.
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