The janitor probably also backing up the truck
OpenAI completes deal that values the company at $80B
11–20 of 52 posts
Re: OpenAI completes deal that values the company at $80B
#12The actual reason why Kaparthy (and you'll see some other early employees) begin to consider leaving as they have already vested their shares and have taken profits during the hype.
You get new options to prevent exactly this issue right?
Not prevent. Many people get out of the hamster wheel eventually.
Re: OpenAI completes deal that values the company at $80B
#13$50M/employee. Looks like a record. Can also be a sign how AI increases productivity and value of an employee.
Nvidia has 26,000 employees and is worth 1.8 trillion which puts it at 69 million/employee.
Re: OpenAI completes deal that values the company at $80B
#14AI comp is starting to form a 4th mode in the popular “trimodal” comp (https://blog.pragmaticengineer.com/software-engineering-sala...)
Have friends (not at OpenAI) that have been offered $1m+ yearly (these are not academic superstars either, solid staff engineers) to leave their startups and join Big Tech orgs.
Good for them and good for the people of OpenAI, their revenue growth has proven me wrong and is really exciting for the future of productivity.
Re: OpenAI completes deal that values the company at $80B
#15Re: OpenAI completes deal that values the company at $80B
#16After seeing Sora, I feel like they should add another 0 to that number.
I believe that is not how it works. I'll guess that the Investors did not even saw those demo, neither are they regular users of OpenAI's products.
Every investor I know or talk to is a very, very, very regular user of OpenAI's products - probably to a fault.
Re: OpenAI completes deal that values the company at $80B
#17Re: OpenAI completes deal that values the company at $80B
#18The actual reason why Kaparthy (and you'll see some other early employees) begin to consider leaving as they have already vested their shares and have taken profits during the hype.
You get new options to prevent exactly this issue right?
initial grant often out-trumps any refreshes you get if the company has gone through growth period.
Re: OpenAI completes deal that values the company at $80B
#19AI Hype. Same applies to NVidia(40x sales valuation! The pickaxe seller).
Their technology can be easily replicated given enough time, just look at open source LLMs already beating GPT3. Google, Claude and others showing their strengths, already par to GPT-4 and even better in some scenarios.
Training is expensive, but it isn't expensive up to what they are valued at.
It's good because that capital likely made a few folks rich enough that they can consider pursuing their own companies, I'm curious about this.
I find it hard to believe the current products OpenAI offers will have good revenue streams given to how competition is catching up, low pricing power and how specialized deep learning typically beats LLMs or most of the things they offer.
I had even higher expectations when I saw this beginning, hoping that AI Startups would be able to do things that were previously not scalable with LLMs or OpenAI APIs, but haven't been able to see much here.
The biggest winner on this play was clearly Microsoft, that managed to create a new product line, both with Github Copilot and Copilot to sell to businesses.
Re: OpenAI completes deal that values the company at $80B
#20The actual reason why Kaparthy (and you'll see some other early employees) begin to consider leaving as they have already vested their shares and have taken profits during the hype.
> The actual reason
It is a possible reason. Unlikely, since employees on the level of Karpathy already don't have to work for money.
Hype, vesting, or comments like yours, are background noise for these people.