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Ilya Sutskever's SSI Inc raises $1B

reuters.com

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Re: Ilya Sutskever's SSI Inc raises $1B

#581

Post by linotype »

kelnos wrote: post #475
astrange wrote: post #454

Earlier quoted context omitted.

Post-scarcity is impossible because of positional goods. (ie, things that become more valuable not because they exist but because you have more of them than the other guy.) Notice Star Trek writers forget they're supposed to be post scarcity like half the time, especially since Roddenberry isn't around to stop them from turning shows into generic millenial dramas. Like, Picard owns a vineyard or something? That's a r…

> things that become more valuable not because they exist but because you have more of them than the other guy. But if you can simply ask the AI to give you more of that thing, and it gives it to you, free of charge, that fixes that issue, no? > Notice Star Trek writers forget they're supposed to be post scarcity like half the time, especially since Roddenberry isn't around to stop them from turning shows into generi…

I thought the Ferengi weren’t a part of the Federation, like the Klingons they were independent.

Re: Ilya Sutskever's SSI Inc raises $1B

#582

Post by slashdave »

throwawayk7h wrote: post #375

Everyone here is assuming that a very large LLM is their goal. 5 years ago, transformer models were not the biggest hype in AI. Since they apparently have a 10 year plan, we can assume they are hoping to invent one or two of the "big steps" (on the order of invention of transformer models). "SSI" might look nothing like GPT\d.

> Everyone here is assuming that a very large LLM is their goal

No, not even close.

Re: Ilya Sutskever's SSI Inc raises $1B

#583

Post by Lordarminius »

IncreasePosts wrote: post #438
jedberg wrote: post #330

Earlier quoted context omitted.

The TMV (Total Market Value) of solving AGI is infinity. And furthermore, if AGI is solved, the TMV of pretty much everything else drops to zero. The play here is to basically invest in all possible players who might reach AGI, because if one of them does, you just hit the infinite money hack. And maybe with SSI you've saved the world too.

I disagree. Anyone who solves AGI will probably just have their models and data confiscated by the government.

Anyone who solves AGI will be the government.

Re: Ilya Sutskever's SSI Inc raises $1B

#584

Post by skirmish »

leesec wrote: post #221
teqsun wrote: post #218

We don't even understand how the brain functions completely, not even close. Until we have a complete understanding of how our own GI works down to the exact bio-mechanical level, we can't achieve AGI. That's the theoretical basis and path for achieving AGI (if it's even possible). I'm tired of all the "we stick enough data in the magic black box blender and ta-da! AGI!" Every giant technological break-through throug…

> Until we have a complete understanding of how our own GI works down to the exact bio-mechanical level, we can't achieve AGI. This doesn't make any sense.

Indeed, e.g. magnetism was known and used in Ancient Greece, yet Wikipedia: "ferromagnetism can be fully explained only using quantum theory. A successful model was developed in 1927".

Re: Ilya Sutskever's SSI Inc raises $1B

#585

Post by baxtr »

jhylau wrote: post #559
gigatexal wrote: post #306

This being ycombinator and as such ostensibly has one or two (if not more) VCs as readers/commentators … can someone please tell me how these companies that are being invested in in the AI space are going to make returns on the money invested? What’s the business plan? (I’m not rich enough to be in these meetings) I just don’t see how the returns will happen. Open source LLMs exist and will get better. Is it just tha…

VCs at the big/mega funds make most of their money from fees, they don't actually care as much about the potential portfolio investment exits 10-15 years from now. What they care MOST about is the ability to raise another fund in 2-3 years, so they can milk more fees from LPs. i.e. 2% fee PER YEAR on a 5bn fund is a lot of guaranteed risk-free money. To be able to achieve that is entirely dependent on two things: 1)…

I’m not a VC, but I doubt that’s true. You can exactly raise one fund if you operate like that but not two or three.

Re: Ilya Sutskever's SSI Inc raises $1B

#586

Post by dyauspitr »

gigatexal wrote: post #306

This being ycombinator and as such ostensibly has one or two (if not more) VCs as readers/commentators … can someone please tell me how these companies that are being invested in in the AI space are going to make returns on the money invested? What’s the business plan? (I’m not rich enough to be in these meetings) I just don’t see how the returns will happen. Open source LLMs exist and will get better. Is it just tha…

It’s not that complicated. Your users pay a monthly subscription fee like they do with chatGPT or midjourney. At some point they’re hoping AI gets so good that anyone without access is at a severe disadvantage in society.

Re: Ilya Sutskever's SSI Inc raises $1B

#588

Post by dyauspitr »

EternalFury wrote: post #565
vasilipupkin wrote: post #546

Earlier quoted context omitted.

you are missing the point. SSI believes that it can build a super intelligence. Regardless of whether you personally buy into that or not, the expected value of such an investment is infinity effectively. 5 billion dollar valuation is a steal

That type of reasoning really reminds of the Internet bubble.

Well the internet is worth trillions now.

Re: Ilya Sutskever's SSI Inc raises $1B

#589

Post by andy_ppp »

gigatexal wrote: post #306

This being ycombinator and as such ostensibly has one or two (if not more) VCs as readers/commentators … can someone please tell me how these companies that are being invested in in the AI space are going to make returns on the money invested? What’s the business plan? (I’m not rich enough to be in these meetings) I just don’t see how the returns will happen. Open source LLMs exist and will get better. Is it just tha…

You don’t need a business plan to get AI investment, you just need to talk a good game about how AGI is around the corner and consequently the safety concerns are so real.

I would say the investors want to look cool so invest in AI projects. And AI people look cool when they predict some improbable hellscape to hype up a product that all we can see so far can regurgitate (stolen) human work it has seen before in a useful way. I’ve never seen it invent anything yet and I’m willing to bet that search space is too dramatically large to build algorithms that can do it.

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