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xAI announces series B funding round of $6B

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Re: xAI announces series B funding round of $6B

#211

Post by rchaud »

perkolator wrote: post #181
nomilk wrote: post #35

Earlier quoted context omitted.

Something surprising Sam Altman mentioned on the Lex Fridman podcast was that it only takes about 6 months to get a top physicist up to speed and productive researching AI. So the team could largely be newbies to AI (with extremely good fundamental knowledge/skill), rather than folks we've all heard of from the AI scene.

There is nothing really surprising about this. Jim Simmons that recently passed away did exactly this in finance decades ago. He didn't build a team of the brightest minds in finance. He hired brilliant people that specifically did not work in finance. I think he even mentioned that astronomy was one of his favorite areas to hire from for finance. I am sure we highly underestimate the indoctrination against new ideas…

Structured finance is a math gig where the only constraint is legality. And as history shows, math nerds have no clue how to constrain the runaway damage their structured instruments can cause.

I suppose I shouldn't be surprised that AI development appears to be heading the same way.

Re: xAI announces series B funding round of $6B

#212

Post by rchaud »

shreezus wrote: post #162

Nvidia just added $6B in revenue. We’re witnessing an arms race for compute, as compute will likely be the primary constraint for building AGI.

And Qatar and Deutsche Bank can breathe a sigh of relief, knowing that their next few quarterly interest payments will be coming through after all.

Re: xAI announces series B funding round of $6B

#213

Post by darksaints »

bboygravity wrote: post #189
artemonster wrote: post #171

Earlier quoted context omitted.

I still dont understand why elmo is not being investigated for fraud for all these obscenely unreal claims and promises he has made over the years. this is a clear and cut definition of fraud, for which "female steve jobs" and another e-trucking clown CEO are doing their time. why not elmo?

Unreal claims? Getting a deadline wrong?

OMG, Elon’s simps are so fucking delusional. No, being wrong about a deadline is not fraud. Selling something with a promised deadline attached to it, and being wrong about that deadline for 6+ years is fraud.

Re: xAI announces series B funding round of $6B

#214

Post by rchaud »

jachee wrote: post #61
upon_drumhead wrote: post #47

Earlier quoted context omitted.

Raised 6B, with something like a 18-24B valuation[1] [1] https://www.bloomberg.com/news/articles/2024-05-23/musk-s-xa...

The market truly is irrational. :D

No, just A16z, Sequoia and Prince Alwaleed Holdings.

Re: xAI announces series B funding round of $6B

#216

Post by rchaud »

chambo622 wrote: post #12
floppiplopp wrote: post #9

Anything Musk is now too many inferior products and broken promises for any sensible investor. Might as well just burn the money.

Yet the money keeps coming, so I want to learn what I'm missing.

> so I want to learn what I'm missing.

Capitalism isn't meritocratic, and the market for obtaining finance isn't rational.

Re: xAI announces series B funding round of $6B

#218

Post by makingstuffs »

Aeolun wrote: post #197

How is it that some people get 6B to understand the true nature of the universe? It’s not like they have a track record of doing anything other than absolutely devastating a previously successful company… If I ask someone to give me 6B to understand the true nature of the universe they’d laugh in my face, but I sort of assume I’d have an even chance of doing better.

Yeah, surely a better group of people to understand the universe would be, I don’t know, a team of Astro physicists whom didn’t buy a social media company so they could push their unfiltered opinions onto the masses. Just a hunch.

Re: xAI announces series B funding round of $6B

#219

Post by cma »

andsoitis wrote: post #208
snowpid wrote: post #188

Earlier quoted context omitted.

First statement is wrong. Just sales dropped, Tesla is earning money though. Tesla though has a strong story of broken promises on Automated Driving.

> Tesla though has a strong story of broken promises on Automated Driving. While that is true, it is also noteworthy that Jensen Huang thinks Tesla is far ahead in self-driving cars. https://autos.yahoo.com/nvidia-ceo-says-tesla-far-110000305....

Doubt he's going to talk bad about an Elon company while inking the 100,000 GPU deal for this xAI cluster.

Re: xAI announces series B funding round of $6B

#220

Post by cma »

Kina wrote: post #138
aydyn wrote: post #104

Earlier quoted context omitted.

That's what people said about AI art, yet here we are.

Is where we are any good? I think one of the more germane issues with generative AI art is that it is distinctly not creative. It can only regurgitate variations of what it has seen. This is both extremely powerful and limiting. An LLM is never going to give you some of the most famous films like "Star Wars" which bounced around before 20th Century Fox finally took a chance on it because they thought Lucas had talent…

https://en.wikipedia.org/wiki/The_Hidden_Fortress
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