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OpenAI Has New Focus (on the IPO)

om.co

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Re: OpenAI Has New Focus (on the IPO)

#21

Post by reactordev »

aurareturn wrote: post #12

One thing odd, maybe just to me, is why OpenAI has been stuffing its ranks with former Facebookers who are known to juice growth, find edges, and keep people addicted. They have little background in getting enterprises to buy into a product. Simo herself ran the Facebook app. That organization’s genius is consumer engagement: behavioral hooks, dopamine loops, the relentless optimization of the feed. You can see that…

100%. It’s about to become the sleaziest used car salesman the internet has ever seen.

Re: OpenAI Has New Focus (on the IPO)

#22

Post by deanc »

aurareturn wrote: post #12

One thing odd, maybe just to me, is why OpenAI has been stuffing its ranks with former Facebookers who are known to juice growth, find edges, and keep people addicted. They have little background in getting enterprises to buy into a product. Simo herself ran the Facebook app. That organization’s genius is consumer engagement: behavioral hooks, dopamine loops, the relentless optimization of the feed. You can see that…

AI is ubiquitous to the point where it's permeating almost every desk job in the world. Even those who don't work are using AI to help them find work, research health problems, ask questions about their daily life. I can't think of anything else since the invention of the internet that has had this much of an impact on people's lives.

People will have to pay for this. I don't see it being free for long other than a few chats a day. If most people in the world are paying 10-200 bucks a month then AI companies will make money, and I doubt they will need to rely much on ads at all.

Re: OpenAI Has New Focus (on the IPO)

#23

Post by DarkNova6 »

aurareturn wrote: post #12

One thing odd, maybe just to me, is why OpenAI has been stuffing its ranks with former Facebookers who are known to juice growth, find edges, and keep people addicted. They have little background in getting enterprises to buy into a product. Simo herself ran the Facebook app. That organization’s genius is consumer engagement: behavioral hooks, dopamine loops, the relentless optimization of the feed. You can see that…

In other words, they need more experts on enshittification.

Re: OpenAI Has New Focus (on the IPO)

#24

Post by newsclues »

cmiles8 wrote: post #15

There’s a strong chance the IPO window has passed. I just don’t see investors willing to jump in here given all the questions about the financial viability of AI. The bulk of those investing now are broadly just pumping cash into the fire to keep their prior investments from going to zero. We have hit a mass deceleration of what the current tech can do with transformers. The tech is also on a path to hyper-commoditiz…

Unless the play is the fleece retail investors

Re: OpenAI Has New Focus (on the IPO)

#25

Post by pop_calc »

Is it just me, or has Om become almost entirely unreadable of late? This post is 80% posturing about the WSJ's ‘narrative’ and 20% vague metaphors about ‘souls’ and ‘spigots’. It’s essentially tech-themed poetry. I appreciate he’s cynical about the AI hype cycle, but there’s absolutely no signal here. Ben Thompson might be equally enamoured with his own voice, but he at least tethers his ego to actual unit economics and a framework you can test. Om is just sharing a mood board and calling it analysis

Re: OpenAI Has New Focus (on the IPO)

#26

Post by pipnonsense »

aurareturn wrote: post #12

One thing odd, maybe just to me, is why OpenAI has been stuffing its ranks with former Facebookers who are known to juice growth, find edges, and keep people addicted. They have little background in getting enterprises to buy into a product. Simo herself ran the Facebook app. That organization’s genius is consumer engagement: behavioral hooks, dopamine loops, the relentless optimization of the feed. You can see that…

So that’s why I am getting clickbaity last sentences in every response now at ChatGPT.

Things like ”If you want, I can also show a very fast Photoshop-style trick in Krita that lets you drag-copy an area in one step (without copy/paste). It’s hidden but extremely useful.”

Every single chat now has it. Not only the conversational prompt with “I can continue talking about this”, but very clickbaity terms like: almost nobody knows about this, you will be surprised, all VIPs are now using this car, do you want to know which it is? Etc

Re: OpenAI Has New Focus (on the IPO)

#27

Post by pipnonsense »

deanc wrote: post #22
aurareturn wrote: post #12

One thing odd, maybe just to me, is why OpenAI has been stuffing its ranks with former Facebookers who are known to juice growth, find edges, and keep people addicted. They have little background in getting enterprises to buy into a product. Simo herself ran the Facebook app. That organization’s genius is consumer engagement: behavioral hooks, dopamine loops, the relentless optimization of the feed. You can see that…

AI is ubiquitous to the point where it's permeating almost every desk job in the world. Even those who don't work are using AI to help them find work, research health problems, ask questions about their daily life. I can't think of anything else since the invention of the internet that has had this much of an impact on people's lives. People will have to pay for this. I don't see it being free for long other than a f…

Or people are just using as much because it is free.

Re: OpenAI Has New Focus (on the IPO)

#28

Post by bananaflag »

deanc wrote: post #22
aurareturn wrote: post #12

One thing odd, maybe just to me, is why OpenAI has been stuffing its ranks with former Facebookers who are known to juice growth, find edges, and keep people addicted. They have little background in getting enterprises to buy into a product. Simo herself ran the Facebook app. That organization’s genius is consumer engagement: behavioral hooks, dopamine loops, the relentless optimization of the feed. You can see that…

AI is ubiquitous to the point where it's permeating almost every desk job in the world. Even those who don't work are using AI to help them find work, research health problems, ask questions about their daily life. I can't think of anything else since the invention of the internet that has had this much of an impact on people's lives. People will have to pay for this. I don't see it being free for long other than a f…

On the other hand, costs are getting lower with time.

Sort of how now I have an unlimited 5G data plan for like 10 dollars, and in 2011 I didn't even have Internet on my phone. This is happening also with AI.

Re: OpenAI Has New Focus (on the IPO)

#29

Post by thegreatpeter »

newsclues wrote: post #24
cmiles8 wrote: post #15

There’s a strong chance the IPO window has passed. I just don’t see investors willing to jump in here given all the questions about the financial viability of AI. The bulk of those investing now are broadly just pumping cash into the fire to keep their prior investments from going to zero. We have hit a mass deceleration of what the current tech can do with transformers. The tech is also on a path to hyper-commoditiz…

Unless the play is the fleece retail investors

Retail investors do just fine fleecing themselves on their own

The term fleecing means „there’s nothing left here, jump ship”. Do you really believe they’re going public to cash out this early in the game?

Re: OpenAI Has New Focus (on the IPO)

#30

Post by cmiles8 »

newsclues wrote: post #24
cmiles8 wrote: post #15

There’s a strong chance the IPO window has passed. I just don’t see investors willing to jump in here given all the questions about the financial viability of AI. The bulk of those investing now are broadly just pumping cash into the fire to keep their prior investments from going to zero. We have hit a mass deceleration of what the current tech can do with transformers. The tech is also on a path to hyper-commoditiz…

Unless the play is the fleece retail investors

True, although even here there likely aren’t enough retail suckers to go around given the amount of initial investment folks need to cash in. Thats the challenge when you have so much crazy pre-IPO cash pumped in.

After you float you still need to sell all those shares at the valuations you want to exit. If they floated say 10% of shares to go public and the price tanks everyone else trying to exit loses their shirt so it’s not a magic exit for the early investors.

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