Built on unearned hype.
I listened to The Foundering on Sam Altman at the same time as listening to The Power Broker and they weirdly synced up.
- They only have one solution for everything, believing more of that thing will solve everything (“Just one more scrape, just one more scrape of everything that’s been said or published anywhere and our next model will be perfect.”)
- They don’t care for the destruction left in their wake
- They will walk over everyone, including their own family to remain part of the conversation
- The only difference is Robert Moses was constrained to New York
Yeah yeah…all that destruction from checks notes looking at every meme and listening to every song on the internet.
Such destruction. Much chaos! 🥱🥱🥱🙄🙄🙄
i hope musk buys it and loses another $100 billion
Great read on the topic: OpenAI Is A Bad Business by Ed Zitron (Where’s Your Ed At)
Ed Zitron is amazing. That dude just says it like it is.
Can’t wait for the AI boom to inevitably pop and all those billions that could have been spent on…literally anything else, go down the drain.
When I copy and paste someone else’s work, I get called a plagiarist and get fired.
When OpenAI creates a robot that does it really really really fast, they make enough money to feed the planet hundreds of times over.
I don’t want to live on this planet any more.
Good, intellectual property is a mental illness of capitalism
Sure, but I think recognizing someone when they accomplish something of value is important regardless of the economic system in place.
And in this Capitalistic society OpenAI is doing nothing but literally capitalizing on the hard work of thousands of individuals without giving them any form of recognition
You need to do more fancy thingy between the copy and the pasting.
Sounds like the perfect time for artists to sue and get their fair* share of that.
*All of it. They deserve all of it.
Even its name is full of shit.
Closed statistical algorithms would be more suitable but less marketing friendly.
The name use to be closer to the truth, but then money corrupted it - as it always does.
Even its name is
full of shit.a hallucinationThere, fixed it for you.
Just a speculation bubble, no work no real technos, same as every other fucking ai company
It’s the new crypto, NFT scam.
It’S nOt A bUbBlE!
There’s been too much negative press surrounding OpenAI and Sam A. in the last week, now all of a sudden the company is worth $157B when all they’ve done is lose billions of dollars. Sorry if I sound cynical, but that’s a load of bullshit. Bearish af.
I say we indict Sam Altman for both securities fraud and 8 billion counts of reckless endangerment. Him and other AI boosters are running around shouting that AGI is just around the corner, OpenAI is creating it, and that there is a very good chance we won’t be able to control it and that it will kill us all. Well, the way I see it, there are only two possibilities:
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He’s right. In which case, OpenAI is literally endangering all of humanity by its very operation. In that case, the logical thing to do would be for the rest of us to arrest everyone at OpenAI, shove them in deep hole and never let them see the light of day again, and burn all their research and work to ashes. When someone says, “superintelligent AI cannot be stopped!” I say, “you sure about that? Because it’s humans that are making it. And humans aren’t bullet-proof.”
-
He’s lying. This is much more likely. In that case, he is guilty of fraud. He’s falsely making claims his company has no ability to achieve, and he is taking in billions in investor money based on these lies.
He’s either a conman, or a man so dangerous he should literally be thrown in the darkest hole we can find for the rest of his life.
And no, I REALLY don’t buy the argument that if the tech allows it, that superintelligent AI is just some inevitable thing we can’t choose to stop. The proposed methods to create it all rely on giant data centers that consume gigawatts of energy to run. You’re not hiding that kind of infrastructure. If it turns out superintelligence really is possible, we pass a global treaty to ban it, and simply shoot anyone that attempts to create it. I’m sorry, but if you legitimately are threatening the survival of the entire species, I have zero qualms about putting you in the ground. We don’t let people build nuclear reactors in their basement. And if this tech really is that capable and that dangerous, it should be regulated as strongly as nuclear weapons. If OpenAI really is trying to build a super-AGI, they should be treated no differently than a terrorist group attempting to build their own nuclear weapon.
But anyway, I say we just indict him on both charges. Charge Sam Altman with both securities fraud and 8 billion counts of reckless endangerment. Let the courts figure out which one he is guilty of, because it’s definitely one or the other.
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The valuation is based on the last buy in… I am guessing they had somebody buy in recently. Otherwise this is just straight up fake news.
Let’s see for how long.
If I had 10k to leverage I would be shorting the FUCK out of this, it’s a bubble and everyone knows it
How do you short a privately-held company?
Market can remain irrational, etc
Even if you 1000 x your $10k I don’t think you’d have enough to short something valued at $157B, however inflated that valuation might be.
You can short something without forcing a short squeeze…
You can short something with $1. It’s just not enough to affect the value itself. You also don’t technically need any money at all, the point of a basic short is to profit off selling borrowed stock after all.
You definitely do need money. No broker is going to let you short without collateral, and you’re going to be paying interest for the duration of your short position beside any fees/commission.
That’s fair, but let’s not pretend there aren’t brokers that just run a credit check below a certain amount and leave it at that.
Maybe if you have a super low cap, high fees, and they automatically close your position at a pretty conservative point. But that’d hardly be worth any broker’s time with that risk/reward, unless they are hosing the borrower with insane fees. Though if that’s the case, putting up collateral would be cheaper (even if you have to borrow it from somewhere).
Fair point. I, perhaps wrongly, assumed OP wanted to short them out of existence and not just profit from shorting them.
Still far too low for a company that will likely accomplish AGI in the next two years.
I guess in two years I’ll eat my words. Not really.
DM me, I got a few bridges to sell you.
LLMs are unable to create AGI. It’s mathematically impossible.
Will that be before or after the metaverse arrives?
Unless there is a drastic breakthrough in computing from a hardware company in or energy sources from likely a nuclear company, this is not possible.
Even then. LLMs are fundamentally unable to create AGI; we’d need another paradigm shift in the field.
For comparison, human brains only use 25W. We’re pretty damn good.
You guys want me to invest? I’m guaranteed to lower the stock value by ~30% within about a month with my shidas touch
I gotta get employed there, but yeah similar effect.
You will? Really?
Yeah, two months into it and they’ll be toast.
Yeah, do it!
I had a similar touch when I was younger. I’ve worked for Circuit City, Toys ‘R’ Us, and Blockbuster Video. Sadly, Best Buy somehow survived.
Alrighty then, just need to wait for fucking novideo stock to get back to what I bought it at and I’ll dump and switch (don’t have anything spare to play around with sadly)
I hear you though, I also had(have?) similar physical effect on things like toys as a kid or some electronics since then…just brake shit randomly without trying, especially if I don’t own it.
Can you… Work for Broadcom? Or Oracle or EA, or something. Just a suggestion.
Use
next time.Is it not the other way around? The stuff in the square brackets becomes the alt-text.
No
