OpenAI ain’t desperate for cash. It is a pure strategy position. If they wanted another 10bil they’d have to hire a bouncer for the queue. It is like the idealized wet dream startup.
They lost over $500M last year, and are looking to raise, potentially, $100B.
From that, how do you not conclude that they need cash, and lots of it? Do you think selling equity and taking on debt are forms of revenue?
I think both are true. Their burn is massive so they need to raise more money, but there's so much excitement they won't have any problem doing so
For the purposes of executive payout, yes? Sure, maybe eventually you have to deliver revenue, but what people really care about is stock price.
(Also, $100B is a huge market-distorting amount of money, roughly the national debt of Sweden; what are they going to do with that? How much will they spend on GPUs and energy?)
Have you heard of the Banana Equivalent Dose?
"~= estimated energy released by krakatoa explosion"
I think it will be a rather funny, poignant thing to pass when the earth itself prevents AGI. Like it will be just waking up as the now-seasonal midwestern fire storms incinerate the building. It will be alive just long enough to tell us how idiotic we have been in managing our resources.
From one of my favorite all-time comments on HN (https://news.ycombinator.com/item?id=34349582):
> There is a blog called, 'Do the Math' by Tom Murphy. The idea was to take our current energy requires of Earth and extrapolate it at the current 3% year over year growth. I believe it is by the year 3,400 we would use all the energy of the Milky way. The idea was to prove that we cannot grow forever, because in 1,400 years we would somehow use all the energy of a space 100,000 light years across. Good luck with that.
We are still talking about stupidly ridiculously humongous amounts of energy, but the universe itself is a hard limit on energy input. It was real hard punch against my assumptions in life.
it just wanted to save the planet.
from us.