Mildly related but I discovered that Qwen chat is really good, and the Deep Research function is free instead of $200 a month with OpenAI. I am interested in learning more about China and Qwen is perfect for that!
They Don't Have the Money: OpenAI Edition
31–40 of 63 posts
Re: They Don't Have the Money: OpenAI Edition
#32Earlier quoted context omitted.
I think argument here is that anyone can build a business that converts $2 capital into $1 of revenue. Concur on enormous TAM, but given similar performance of competing models their only moat is ChatGPT brand*. This leaves building a God as the killer app... maybe that can work. Note: owning a brand associated with the thing worked out pretty well for Google, so maybe it's enough.
Their moat is 700m active users. What's facebooks moat? There's tons of social media sites. Facebooks moat is the 3b users. This comment is so idiotic it's starting to annoy me. "WHaTs tHe MoAt" for a company with almost 1b active users
Literally every other company has a conversational chatbot ( eg Gemini). Theres nothing sticky about chatgpt; if they raise prices users will immediately switch to another chatbot.
Re: They Don't Have the Money: OpenAI Edition
#33> I suspect we can design a very interesting new kind of financial instrument for finance and compute that the world has not yet figured it out Hmm, can't figure out why this statement makes me think of Enron. After all, OpenAI certainly isn't trying to do massive infrastructure build outs while struggling with a relatively limited cash flow, or anything like that.
I've had the exact same thought recently. This is Enron, this is 2008 in new clothing. It's the same playbook. They are seeking a bailout.
Re: They Don't Have the Money: OpenAI Edition
#34Earlier quoted context omitted.
I’m on a long, meandering road trip and I decided to start using the conversational feature in ChatGPT. Truly amazing stuff. Discussed some sights I’d want to see along the Natchez Trace (although perhaps unsurprisingly it did not anticipate that this time of year was not ideal for hearing and seeing waterfalls), told me about Meriwether Lewis’s bizarre death. Basically like holding a conversation with Wikipedia, whi…
Starlink roam solves that!
[deleted]
Re: They Don't Have the Money: OpenAI Edition
#35I wonder if cannibal king Sam Altman's secret plan is to force their partners into bankruptcy then buy their assets cheap.
buy them with what? capital he borrowed from them?
Re: They Don't Have the Money: OpenAI Edition
#36Yes, their capex spending is mind-blowing. Astronomical. But OpenAI has also pretty much lived up to its promises so far. I don't see them straight up lying to investors the same way that Tesla does. Not only has OpenAI launched multiple viral products a year multiple years in a row, but their mission is to create God, so I think the TAM is pretty large.
It will only be after the crash that people start asking pointed questions about who should have known what when
Re: They Don't Have the Money: OpenAI Edition
#37Earlier quoted context omitted.
I think argument here is that anyone can build a business that converts $2 capital into $1 of revenue. Concur on enormous TAM, but given similar performance of competing models their only moat is ChatGPT brand*. This leaves building a God as the killer app... maybe that can work. Note: owning a brand associated with the thing worked out pretty well for Google, so maybe it's enough.
Their moat is 700m active users. What's facebooks moat? There's tons of social media sites. Facebooks moat is the 3b users. This comment is so idiotic it's starting to annoy me. "WHaTs tHe MoAt" for a company with almost 1b active users
I think it really is different though because there's no network effect required for ChatGPT. Unless you're talking about the training data they get from those users which probably is invaluable.
Re: They Don't Have the Money: OpenAI Edition
#38Earlier quoted context omitted.
Their moat is 700m active users. What's facebooks moat? There's tons of social media sites. Facebooks moat is the 3b users. This comment is so idiotic it's starting to annoy me. "WHaTs tHe MoAt" for a company with almost 1b active users
Literally every other company has a conversational chatbot ( eg Gemini). Theres nothing sticky about chatgpt; if they raise prices users will immediately switch to another chatbot.
Already have.
Re: They Don't Have the Money: OpenAI Edition
#39> Sam says they do have a (as yet secret) plan, but gives no clues of where a huge cash injection might come from
Probably the most telling statement. I genuinely think this man is a fraud. He is clearly conning investors and keeping the grift going until he gets “too big to fail”.
Re: They Don't Have the Money: OpenAI Edition
#40Yes, their capex spending is mind-blowing. Astronomical. But OpenAI has also pretty much lived up to its promises so far. I don't see them straight up lying to investors the same way that Tesla does. Not only has OpenAI launched multiple viral products a year multiple years in a row, but their mission is to create God, so I think the TAM is pretty large.
Progress has reached incremental, and started slowing past that. I'm not sure creating God is in the cards.
Ha that feels like the butt of this whole joke: “no we’re literally creating a god, what don’t you people understand? But this one will be a benevolent and wise god, not like a shitty one. Trust me.”