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Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

reuters.com

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Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#121

Post by motoxpro »

techpineapple wrote: post #87
pdabbadabba wrote: post #32

Could somebody explain why there is so much negativity towards Thinking Machines in this thread? I realize that they haven't publicly announced a product yet but presumably the VCs have some idea of what Thinking Machines is building, and they have some pretty significant OpenAI talent on board, including Murati herself. Some amount of skepticism is warranted, of course, but a lot of these comments read as closer to…

My opinion: AI is taking all the money that could be spent on cool advancements that could give the average person hope and putting it towards a pipe dream. Why not be hostile towards the perceived death of an industry you love?

I'd much rather this than the 2010s of Uber for X or the 10,000th SaaS productivity app.

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#122

Post by lowsong »

pdabbadabba wrote: post #32

Could somebody explain why there is so much negativity towards Thinking Machines in this thread? I realize that they haven't publicly announced a product yet but presumably the VCs have some idea of what Thinking Machines is building, and they have some pretty significant OpenAI talent on board, including Murati herself. Some amount of skepticism is warranted, of course, but a lot of these comments read as closer to…

It's nothing to do with Thinking Machines as a company, it's to do with a VC that's content to bet two billion dollars on a company that has shown absolutely nothing, and the sorry state of affairs that represents.

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#124

Post by blackoil »

jaggederest wrote: post #110
esperent wrote: post #74

Earlier quoted context omitted.

> HN comments are more hostile than pragmatic In the case of a bubble, hostility is pragmatism. Of course, nobody knows that it's a bubble, but nobody knows it's not a bubble either.

I've lived through 3 and read up on at least 10 more. Many people know it's a bubble. You see lots of HN comments that it's a bubble. We certainly did in 2007. In a bubble, the predominant notion is not "I wonder if it's a bubble", but rather "It's a bubble, I hope I can make my money before it pops". A perfect example of this was the Tulip craze in the Netherlands. Nobody actually believed tulip bulbs were worth tha…

What is the false positive rate? Broken clock...

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#125

Post by blackoil »

dandanua wrote: post #98

You can buy six B-2 bombers for that money. And use them against competitor AI startups. You think this sounds stupid? This is where all this AI arms race is going.

How many nukes? Will carpeting Silicon Valley unlock the value?

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#126

Post by JumpCrisscross »

StanislavPetrov wrote: post #92
JumpCrisscross wrote: post #62

Earlier quoted context omitted.

> They have literally nothing new, not even in theory They haven’t built anything yet. It’s a bit premature to call out the non-existing product as insufficiently novel.

>It’s a bit premature to call out the non-existing product as insufficiently novel. I think the point is that the pie-in-the-sky promises are insufficiently novel.

> point is that the pie-in-the-sky promises are insufficiently novel

You have no data to judge novelty on. If you think AI rocket science, they’re flubs. If you don’t, they have a shot. Either way, I can’t see novelty being unsatisfied.

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#127

Post by Rebuff5007 »

miohtama wrote: post #120
pdabbadabba wrote: post #32

Could somebody explain why there is so much negativity towards Thinking Machines in this thread? I realize that they haven't publicly announced a product yet but presumably the VCs have some idea of what Thinking Machines is building, and they have some pretty significant OpenAI talent on board, including Murati herself. Some amount of skepticism is warranted, of course, but a lot of these comments read as closer to…

This place used to be a place for hackers and founders. Now it is mostly a place for middle aged software engineers who hate someone else to success, change and hope for the future of Linux desktop. Thinking Machines presents both change and success .

My negativity for Thinking Machines is precisely because others (such as yourself) already consider it a success.

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#128

Post by bobcostas55 »

tsimionescu wrote: post #101
erulabs wrote: post #53

I think it takes a lot of temerity and hubris to look at a 2B raise and assume it's all hype. A16Z has certainly had some misses, but one assumes there actually is some product they're showing behind closed doors that makes this round much more reasonable than it appears from the outside. If something makes no sense, seems totally crazy, and is being done by a crowd of extremely smart people, you can only assume one…

Theranos was worth $9B in 2013 money, and it latet turned out that they had literally nothing but hype. Enron was posting $100B revenue the year before it went bankrupt. Bernie Madoff's fund had huge banks as institutional investors. Magic Leap was valued at $4.6B and had some purportedly amazing demos behind closed doors that anyone who witnessed them thought would revolutionize entertainment. While these are not ne…

Theranos famously didn't manage to raise VC money, the funding all came from people like Rupert Murdoch and the Walton family.

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#129

Post by muskmusk »

Rebuff5007 wrote: post #127
miohtama wrote: post #120

Earlier quoted context omitted.

This place used to be a place for hackers and founders. Now it is mostly a place for middle aged software engineers who hate someone else to success, change and hope for the future of Linux desktop. Thinking Machines presents both change and success .

My negativity for Thinking Machines is precisely because others (such as yourself) already consider it a success.

I don't think anyone can consider it a success just yet. But someone just injected 2 billion dollars into the enterprise. They are probably given a lot more information than you and I are. Maybe those people are dead wrong and they lose all their money, but maybe not.

With the public information there is neither a point in positivity not negativity. It would be speculation either way. A question that could be worth pondering is what exactly the investors are shown? What would you need to see to put all your money in thinking machines?

Re: Mira Murati’s AI startup Thinking Machines valued at $12B in early-stage funding

#130

Post by baobabKoodaa »

emsign wrote: post #88
pdabbadabba wrote: post #32

Could somebody explain why there is so much negativity towards Thinking Machines in this thread? I realize that they haven't publicly announced a product yet but presumably the VCs have some idea of what Thinking Machines is building, and they have some pretty significant OpenAI talent on board, including Murati herself. Some amount of skepticism is warranted, of course, but a lot of these comments read as closer to…

> they haven't publicly announced a product yet but presumably the VCs have some idea of what Thinking Machines is building "Presumably" they have "some" idea. Oh really? Are you "sure" about that? Is that a $12B type confidence?

Well, I'm fairly confident they at least have the concept of an idea.
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