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What does OpenAI need a CEO for anyway? Just let chatGPT run the company if they are so gung-ho about it.
I've been saying this for almost a year. Not open AI specifically but any company with a board of directors.
They aren't considering the shareholder value of their most expensive liability: the CEO.
He (because let's face it. It's going to be a he in most cases) is paid millions of dollars with a golden parachute. Literally money that could be given back to shareholders through dividends.
The fact that Boards of Directors aren't doing this could be evidence that they aren't looking out for shareholders' interests
Here's why:
Boards of directors are CEOs of other companies that are buddies of the CEO of the company they are directors of. This is like a shitty musical chair of board of directors.
$7trillion is three times the GDP if Brazil. It is bigger then the US federal budget. Seriously it is insane.
This guy is an absolute lunatic.
"Gimme all of the world's money several times over for this fancy T9 that I'm playing with."
If someone wrote a cartoon villain using his quotes, it would be dismissed as unbelievable and rubbish.
He is an empty husk of a man who has completed his transformation into a pure PR machine
His involvement in the infamous WorldCoin provides useful insight into his character.
An oligarch and a degenerate (outside the US many oligarchs have a more or less sober understanding of who they are, although degeneracy among oligarchs is a global issue).
Lol
Open AI has a projected revenue of 3 Billion this year.
It is currently projected to burn 8 Billion on training costs this year.
Now it needs 5 Gigawatt data centers worth over 100 Billion.
And new fabs worth 7 Trillion to supply all the chips.
I get that it’s trying to dominate a new market but that’s ludicrous. And even with everything so far they haven’t really pulled far ahead of competing models like Claude and Gemini who are also training like crazy.
There is no market, or not much of one. This whole thing is a huge speculative bubble, a bit like crypto. The core idea of crypto long term make some sense but the speculative value does not. The core idea of LLMs (we are no where near true AI) makes some sense but it is half baked technology. It hadn't even reached maturity and enshittification has set in.
OpenAI doesn't have a realistic business plan. It has a griftet who is riding a wave of nonsense in the tech markets.
No one is making profit because no one has found a truly profitable use with what's available now. Even places which have potential utility (like healthcare) are dominated by focused companies working in limited scenarios.
IMO it's even worse than that. At least from what I gather from the AI/Singularity communities I follow. For them, AGI is the end goal - a creative thinking AI capable of deduction far greater than humanity. The company that owns that suddenly has the capability to solve all manner of problems that are slowing down technological advancement. Obviously owning that would be worth trillions.
However it's really hard to see through the smoke that the Altmans etc. are putting up - how much of it is actual genuine prediction and how much is fairy tales they're telling to get more investment?
And I'd have a hard time believing it isn't mostly the latter because while LLMs have made some pretty impressive advancements, they still can't have specialized discussions about pretty much anything without hallucinating answers. I have a test I use for each new generation of LLMs where I interview them about a book I'm relatively familiar with and even with the newest ChatGPT model, it still makes up a ton of shit, even often contradicting its own answers in that thread, all the while absolutely confident that it's familiar with the source material.
Honestly, I'll believe they're capable of advancing AI when we get an AI that can say 'I actually am not sure about that, let me do a search...' or something like that.
I follow a YouTube channel, AI explained, that has some pretty grounded analysis of the latest models and capabilities. He compared LLMs to the creative writing center of the brain, as in they're really nice to interact with, output things that sound correct, but ultimately are missing the capabilities of reasoning and factuality that are needed for AGI
He's the best for unbiased info when new models drop and news drops. Love that channel.
He's really good. I'm torn on the subject because the current AI hype is most certainly a bubble and a grift, but I find the technology fascinating. I do think there's potential for great things there, but the technology is almost exclusively in the hands of 3 companies and will have a terrible impact on everyone else. I enjoy just focusing on the technical details every once in a while
I feel the same way man, I'm so excited about this tech because of the few use cases that we will discover and will change our lives and cause a paradigm shift...but it will be controlled by someone who is ultra rich (a person or corp) so that's awful. And there is a ton of stuff that is a grift that will die off and gives it a bad name so I temper my excitement of it around most people because it's unpopular to root for the tech.
The hallucination is in the mind of the user – people fall for the illusion of talking to a creature.
yeah, i really hate this. i have shares of multiple tech companies, like nvidia, intel, AMD, TSMC, etc. and because of the AI bubble idk how much they are really worth. the market is all warped and one day a company is doing well, the next day it seems to be in peril. i would like to know how much they would be worth after the bubble bursts, but there is no way to know.
This guy is losing touch of reality
The climate? What climate? Who cares about the climate?
"But the breakthrough will come just as soon as the chips no one can make are delivered."
Probably.
You can buy a lot of Twitters for that money
Middle Eastern money
Something tells me the Saudis don't want AI for the betterment of all humanity.
Could be the human rights abuses, dunno.
Imagine an AI bound by Sharia law, the current ones limited by American puritanical bullshit are already bad enough. "How did prostitution during the gold rush affect the economy of mining towns?"
ERROR THIS QUESTION VIOLATES GUIDELINES
Which is why China is also pushing hard for AI as well.
It needs lots of energy.
The Bloomberg podcast series 'Foundering – The OpenAI Story' is quite insightful in regard to Sam Altman's psyche.
There are five episodes, first is here:
He will get that. The ultra rich ignore all healthy limits.
this post was submitted on 28 Sep 2024
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