• 46 Posts
  • 1.33K Comments
Joined 2 years ago
cake
Cake day: July 1st, 2023

help-circle









  • Lobsters went down a VC financing rabbit hole the other day (thanks to me and @dgerard) and a user horked up this absolutely bonkers defense of OpenAI losing a galactic sum of money:

    https://lobste.rs/s/wjb9ox/minio_removes_web_ui_features_from#c_rgatzz

    (reproduced below in case it is removed in shame)


    OpenAI is very different. They mainly lose money on ChatGPT, but it’s not really lost money, because they in turn accumulate fresh daha to further train their models. Data that none of their competitors have access to.

    OpenAI is also different because AI is a major geopolitical factor at the moment and unless you’ve been living in a cave lately, you must have noticed that geopolitics is much more important than money these days. ChatGPT is an incredible intelligence gathering channel and cutting access to AI APIs would make US sanctions hurt that much more. The only other country that can compete with US companies when it comes to bulk training data access is China, via their social media alternatives like TikTok and RedNote. You can imagine the geopolitical implications of that too.


  • Maybe… like I mentioned, Nokia’s S60 application stack was a mess. The underlying phone software and platform might have been there, but the 3rd party ecosystem wasn’t. This was a huge part of the success of the iPhone, that 3rd party developers had a stable platform to develop for, and a steady financial partner (Apple) paying them.

    No offense against Nokia but I really don’t think the company had the mentality to offer that.









  • Oh man this is peak venture capitalism crossed with Factorio - valuations are actually cash, and a factory is a black box where you just upload new software and other stuff comes out.

    Let’s take your average holder of car manufacturer stock. You’re holding the stock because you believe the car manufacturer will continue making competitive products, and you’ll get either dividends or higher valuations. Then OpenAI pitches up and offers you - what? They don’t even have stock! Even if they did, you’re exchanging a stake in something known for stake in an enterprise that have never made any cars, and when asked what kind of business plan they have they look shifty. No fucking way anyone will sell their stake for less than double what they have, especially if they find out the factory they’re selling is gonna produce machines that will kill us all.