I wonder what the dynamic between this and the Amazon Alexa team will look like, if there will be any in the first place...
Jeff Bezos creates A.I. startup where he will be co-chief executive
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Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#52A lot of negative posts here, but AI to advance science seems like basically the best possible use case. The more ultrawealthy people who want to throw billions at it, the better.
It depends on how much they're actually doing in the service of science, and how much is "flashy AI stuff".
I don't have a lot of hope that it's the former, to be honest. These people have burned up all their goodwill.
Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#53I feel like he's too distracted by his celebrity lifestyle these days to really focus on running a company. He just paid for Kris Jenner's 70th birthday party at his house where they had the cops called on them: https://www.realtor.com/news/celebrity-real-estate/kris-jenn... and he disinvited Elon Musk (lol): https://www.yahoo.com/entertainment/celebrity/articles/elon-... Here he is out showboating at the Oscars, Van…
I don't want to be mean, but to be honest, your post makes me wonder if you are too distracted by the celebrity lifestyle (of others). I don't have this treasure trove of information about Bezos' life and I don't think it makes me any less informed about the world?
Haha.. busted. I do enjoy fashion blogs (specifically Tom and Lorenzo https://tomandlorenzo.com/) and always notice Bezos out galavanting around at the events they post!
Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#54> Called Project Prometheus What is it about tech people and being unable to come up with original names? Every company I have worked for has had two dozen internal tools and projects called "Prometheus".
setting aside the AWS DB offerring I've done 2 "Project: Aurora" in the past 3 years, and a bonus project "Audite" (make sure you say it correctly when execs are around!)
Look, I'm all for "big bets" but when the majority of time and effort goes into the naming, kick-off and t-shirt design, this ain't it.
Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#55> The new company has until now kept a low profile, and when it was started is not even clear. Any more details? Where is it located? Who is working there, For $6.2 billion raised I’m surprised their aren’t more details
Q: could this be an "experiment" in AI financing? i.e. he's bankrolled 6.2B, then strategic quasi-purchases and cross investments will multiply that money without ever needing to spend it on anything - except AWS hosting of course
Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#56Earlier quoted context omitted.
All companies are registered. They have to be registered to be legal entities, have bank accounts, and comply with tax laws. Private companies don’t need to publicly divulge a lot, though. It’s between the company and their investors. It’s only once a company wants to trade publicly that they have to provide a lot of public details and financials.
You don’t have to register a general partnership as long as it has one of the partners’ last name in the partnership name, although I guess you have to get an EIN to file partnership taxes. A sole proprietorship doesn’t have to register anything ever at all.
Great point. I suppose I should have said all companies like this (the corporation Bezos is involved with) are registered entities.
There are ways to do business activities yourself without registering an official business, though it’s generally discouraged because forming an LLC is so cheap and easy and provides some protections and benefits.
Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#57Despite the critiques that is something worthwhile I can understand, maybe there is a time in your life you want to be involved in something big, but not 100% like you were at your prime you have the opportunity to do it, so why not. You remain engaged. I prefer seeing that than doing nothing of something useless.
Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#58Co- CEO. So he gets to boast about being CEO of an AI company at dinner parties while leaving someone else to do the actual work.
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Re: Jeff Bezos creates A.I. startup where he will be co-chief executive
#59Co- CEO. So he gets to boast about being CEO of an AI company at dinner parties while leaving someone else to do the actual work.
> CEO
> actual work
Doesn't compute.