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OpenAI Has New Focus (on the IPO)

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Re: OpenAI Has New Focus (on the IPO)

#51

Post by llm_nerd »

sonink wrote: post #16
aurareturn wrote: post #7

Earlier quoted context omitted.

I don't have a problem with the suggestions. Google search does the same at the end of searches. It does very often suggest things I want to know more about.

Suggestions are absolutely fine. But this is baiting. Chatgpt could have easily given me that information without the bait. And I would have happily consumed it. And maybe if it did it once, it was fine - but it kept on doing it - bait after bait after bait. The objective was to increase the engagement "metrics" clearly. The seems to me as if the leadership will take all 'shortcuts' required for growth.

This seems overly cynical.

Firstly, tl;dr; is a very real thing. If the user asks a question and the LLM both answers the question but then writes an essay about every probable subsequent question, that would be negatively overwhelming to most people, and few would think that's a good idea. That isn't how a conversation works, either.

Worse still if you're on a usage quota or are paying by token and you ask a simple question and it gives you volumes of unasked information, most people would be very cynical about that, noting that they're trying to saturate usage unprompted.

Gemini often does the "Would you like to know more about {XYZ}" end to a response, and as an adult capable of making decisions and controlling my urges, 9 times out of 10 I just ignore it and move on having had my original question satisfied without digging deeper. I don't see the big issue here. Every now and then it piques me, though, and I actually find it beneficial.

The prompts for possible/probable follow-up lines of inquiry are a non-issue, and I see no issue at all with them. They are nothing compared to the user-glazing that these LLMs do.

Re: OpenAI Has New Focus (on the IPO)

#52

Post by avnfish »

chirau wrote: post #38

How does a non-employee get exposure to the OpenAI IPO?

There are some side-bet experiments like $2Mn on Hyperliquid[1], $1Mn on Polymarket[2] which are available to everyone. Unfortunately companies stay private for longer these days and a seat at the big boy table is de facto impossible

[1] https://app.hyperliquid.xyz/trade/vntl:OPENAI

[2] https://polymarket.com/event/openai-ipo-closing-market-cap-a...

Re: OpenAI Has New Focus (on the IPO)

#53

Post by DaedalusII »

badgersnake wrote: post #45
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…

I would expect a lot of smart money to flow out of the Nasdaq-100 trackers in anticipation of this grift.

nasdaq listings can be rough, not sure if anyone remember fb ipo

but how else will they own spacex, openai, anthropic, nvidia, in such concentration

Re: OpenAI Has New Focus (on the IPO)

#54

Post by [deleted] »

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…

[deleted]

Re: OpenAI Has New Focus (on the IPO)

#56

Post by cik »

chollida1 wrote: post #31
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…

> There’s a strong chance the IPO window has passed Ha, i'll take the other side of that bet. I'm not sure why you think they couldn't possibly IPO and you don't really specify why in your post. Having been in the capital markets for 20 years, now is one of the better times to IPO and I'd bet that both OpenAI and Anthropic will IPO within 12 months. There are lots of games you can play like releasing a small 10% floa…

100% agreed. There's so much locked up appetite for IPOs, both from the tech crowd and the general public. There have been very few quality IPOs since COVID frankly.

I'll wager that the IPO market can actually absorb all three of these that yes, are the size of the last 10 years combined. The trading market itself is larger, as are values, and valuations.

I assume that to maximize value you see a standard lock and roll play here. The S-1 will declare the 10% release, with commentary about future (6 or 12 months) another 5%. Plus don't forget institutional. There's ample space here, even before the Nasdaq 100 changes that are probably coming into play. If those come into play then inflows accelerated, as did valuations.

Re: OpenAI Has New Focus (on the IPO)

#58

Post by [deleted] »

llm_nerd wrote: post #51
sonink wrote: post #16

Earlier quoted context omitted.

Suggestions are absolutely fine. But this is baiting. Chatgpt could have easily given me that information without the bait. And I would have happily consumed it. And maybe if it did it once, it was fine - but it kept on doing it - bait after bait after bait. The objective was to increase the engagement "metrics" clearly. The seems to me as if the leadership will take all 'shortcuts' required for growth.

This seems overly cynical. Firstly, tl;dr; is a very real thing. If the user asks a question and the LLM both answers the question but then writes an essay about every probable subsequent question, that would be negatively overwhelming to most people, and few would think that's a good idea. That isn't how a conversation works, either. Worse still if you're on a usage quota or are paying by token and you ask a simple…

[deleted]

Re: OpenAI Has New Focus (on the IPO)

#59

Post by tyleo »

ChatGPT seems to have become a LinkedIn lunatic. I just asked Opus and ChatGPT to explain bitonic sort:

Opus: Let me build an interactive explainer for bitonic sort (builds diagram/no nonsense)

GPT:

"This algorithm feels weird but once you see it it clicks"

(Emoji) The Core Idea ...; (Emoji) High-Level Flow ...; (Emoji) Superpower ...; (Emoji) Why You Should Care;

"If you want, I can: ... (things it wants me to do next)"

Re: OpenAI Has New Focus (on the IPO)

#60

Post by FartyMcFarter »

Ekaros wrote: post #39
cmiles8 wrote: post #30

Earlier quoted context omitted.

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…

The size of these companies make be doubtful of retail being able to fund them. There being enough retail investors with enough liquid funds who are willing to jump on this. Lot of retail is in various funds. So those doing active management to scale of this is questionable. And then you most likely also have downward pressure for those that try to bet against these IPOs...

There's always the Softbanks of the world.
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