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Y Combinator's Stake in OpenAI (0.6%?)

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Re: Y Combinator's Stake in OpenAI (0.6%?)

#41

Post by lukan »

sevenzero wrote: post #33
lukan wrote: post #31

Earlier quoted context omitted.

Well, I surely hope so, but I feel less positive if that means a nuclear power plant is parked before every new rushed datacenter https://www.scmp.com/news/china/science/article/3351721/chin... But in general I do believe AI has the potential to be a great positive for humanity on its own - if the open models stay strong and not only a few people control them.

I can see your reasoning. Unfortunately I see and experience everything wrong with AI in my daily life. People ask it what gifts to buy for their loved ones or use it as therapist substitute. Humans are not ready for this technology. A lot of us are even losing the ability to read properly (even though thats related to technology in general). It's extremely scary. The only advantage humans have is an extraordinary bi…

I mean, people are doing dumb shit since the beginning of times and I considered this society as messed up since way before LLMs.

And yes, humans as a whole are not even ready for cars or nuclear weapons. We build and used them anyway.

But my brain is still pretty busy and I don't think the younger generation is getting dumber because of LLMs, rather mindless consuming TikTok and co

LLMs are a also great learning tool and anyone using them should know their limits quickly. Not all do, though. That is obvious.

Re: Y Combinator's Stake in OpenAI (0.6%?)

#42

Post by robocat »

tomhow wrote: post #26
globalnode wrote: post #22

i always thought there were two reasons for AI interest on HN. 1. since AI has captured the imagination of capitalists and they think this is the next industrial revolution, they gotta be in it to win it. combined with the fact that i believe most people here are wealthy or at least aspirationally so, that explained half of it. 2. the other half is that AI as a tech is interesting from a mathematical and compsci poin…

The only thing that should be surprising to anyone who knows about the early history of OpenAI is how little of it YC owns, given how much it leveraged YC’s credibility to get started (early employees joined an institution called “YC Research”, operating from YC’s office space). Once that stake is divided up among all the LPs and small unit holders, it’s not a huge outcome. Also: nothing gets sustained attention on H…

Rhymes with reddit.com at IPO:

- Sam Altman ~9%

- YCombinator had - Steve Huffman ~3% Although he had ~4% voting power via Class B shares.

- Alexis Ohanian: Minimal

- Advance Publications: ~30%

- Tencent: ~11%.

The original founders (Steve Huffman and Alexis Ohanian) massively diluted when they sold Reddit to Advance Publications in 2006 for $10 to $20 million.

Numbers above are vaguely accurate. See https://www.untaylored.com/post/who-owns-reddit

Re: Y Combinator's Stake in OpenAI (0.6%?)

#43

Post by ValentineC »

globalnode wrote: post #22

i always thought there were two reasons for AI interest on HN. 1. since AI has captured the imagination of capitalists and they think this is the next industrial revolution, they gotta be in it to win it. combined with the fact that i believe most people here are wealthy or at least aspirationally so, that explained half of it. 2. the other half is that AI as a tech is interesting from a mathematical and compsci poin…

One more (for me, and definitely for many others since I've seen similar posts):

It's letting me build stuff I probably wouldn't be able to build by myself without raising lots of money for way cheaper, at least until GitHub Copilot gets incredibly nerfed next month.

Re: Y Combinator's Stake in OpenAI (0.6%?)

#44

Post by Vandit296 »

wg0 wrote: post #14

Nothing unusual. There's not an AI company (mostly AI wrappers) on planet in which Y Combinator hasn't sprinkled their cash already. I'd go as far to say that it's impossible at this point to form an AI company without YCombinator not investing in it.

I disagree there tons of early stage investors who even invest before YC you can find them on OpenVC

Re: Y Combinator's Stake in OpenAI (0.6%?)

#46

Post by [deleted] »

robocat wrote: post #42
tomhow wrote: post #26

Earlier quoted context omitted.

The only thing that should be surprising to anyone who knows about the early history of OpenAI is how little of it YC owns, given how much it leveraged YC’s credibility to get started (early employees joined an institution called “YC Research”, operating from YC’s office space). Once that stake is divided up among all the LPs and small unit holders, it’s not a huge outcome. Also: nothing gets sustained attention on H…

Rhymes with reddit.com at IPO: - Sam Altman ~9% - YCombinator had - Steve Huffman ~3% Although he had ~4% voting power via Class B shares. - Alexis Ohanian: Minimal - Advance Publications: ~30% - Tencent: ~11%. The original founders (Steve Huffman and Alexis Ohanian) massively diluted when they sold Reddit to Advance Publications in 2006 for $10 to $20 million. Numbers above are vaguely accurate. See https://www.unta…

[deleted]

Re: Y Combinator's Stake in OpenAI (0.6%?)

#47

Post by tomhow »

FergusArgyll wrote: post #20

"well-known AI expert Gary Marcus"

Please don’t post snark on HN. Gary is, objectively, an AI expert. He’s been a leading researcher for decades and sold an AI company to Uber. He obviously sees things differently from the current generation of AI company leaders and has concerns about the direction of the AI industry. That doesn’t mean it’s fine to disrespect someone like this here. The first rule of the “In Comments” section of the guidelines is be kind.

https://news.ycombinator.com/newsguidelines.html

Re: Y Combinator's Stake in OpenAI (0.6%?)

#48

Post by FartyMcFarter »

fodkodrasz wrote: post #39
rvz wrote: post #11

Greg Brockman (President of OpenAI) also said that OpenAI is around 80% close to achieving "AGI", but it was disclosed that his stake in OpenAI is worth around 30BN. So what does the true definition of "AGI" actually mean? It depends on who you ask. It appears to many to mean "A Great IPO" or "A Gigantic IPO" at this point rather than "Artificial General Intelligence" which has been clearly hijacked to mean something…

> So what does the true definition of "AGI" actually mean? It depends on who you ask. AGI - Automatically Generating Income

AGI - Ad-generated income.

Re: Y Combinator's Stake in OpenAI (0.6%?)

#49

Post by jimnotgym »

rvz wrote: post #11

Greg Brockman (President of OpenAI) also said that OpenAI is around 80% close to achieving "AGI", but it was disclosed that his stake in OpenAI is worth around 30BN. So what does the true definition of "AGI" actually mean? It depends on who you ask. It appears to many to mean "A Great IPO" or "A Gigantic IPO" at this point rather than "Artificial General Intelligence" which has been clearly hijacked to mean something…

First do 80%, then do the remaining 150%, I would imagine

Re: Y Combinator's Stake in OpenAI (0.6%?)

#50

Post by benterix »

keybored wrote: post #37

News at Y Combinator used to be my preferred reading diversion: reading interesting technical stories, debates on political topics, learning things, my comfort food of the same topics repeating the same arguments over the span of a decade. Now it’s that but also 65% AI doomscrolling.

Same with me. I found a new hobby: reading pre-LLM HN. It turns out I missed so many interesting projects and discussions. Some are a bit funny in hindsight, some are inspiring.

At the same time, the current version of HN is still usable, you just need to mentally filter LLM-related stuff. It was similar with cryptocurrencies TBH.

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