Sam Altman lost a bold bubble bet made in 2015. Now he must pay $100k

bizjournals.com

"I'm not as sure this time," Altman said. "The thing that made me want to do that last time around was this feeling that everyone was saying we were in a bubble, and I thought that was wrong and disingenuous for a couple of reasons. This time I don't feel that way."

Interesting.

On the bet: to be fair, he was very, very close to winning (for those who didn't read, he was correct on 2/3 predictions, and the third was a $200B collective valuation for several companies that are instead currently valued at $167B).

edit: just realized this duplicates several other submissions that in some cases are better https://hn.algolia.com/?dateRange=pastMonth&page=0&prefix=fa...

What exactly was Sam Altman's motivation for making this bet? Seems foolish to me. I'd rather gamble in the stock market.

I don't think badly of him. I think it was just to make a point, and the money was going to charity of the winner's choice. I don't know Sam personally but he's been very successful with his career so I don't think it was about the money.

He actually explained it where I quoted him in my other comment, from this article.

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