HN user

df2dfs

37 karma
Posts0
Comments18
View on HN
No posts found.

Yeah it takes awhile for investors to start actually valuing things, they usually 'price' them which is mainly driven by mood and momentum.

Given that pricing is the name of the game, all should be wary of what interests founders and their employees who are paid via stock based compensation...

Trying to create shortages etc is just typical Scam Altman behaviour and really speaks to how vulnerable he feels against Google's might.

There was a point where Google's existence was questioned, but they've been working away quietly and they'll win the long game. Altman viewed OAI as a way to reduce Google's AI dominance - I think when we look back in history it'll turn out he made it worse. Google wasn't all that interested in releasing LLMs out into the wild.

"They were valued last week at $700+ billion weren't they?" So?

The money they have available is what is on the balance sheet, which they are burning right-through whilst facing immense competition and never-ending reinvestment, given that Google will carry on doing so. Cash flows from operations is a big fat negative.

I see Google first killing OAI, then eventually doing the same to Anthropic, once they figure out a suite of products that truly revolutionises the work of a sofware engineer beyond just talking to a chat interface, and bundle it into their existing offerings for enterprise.

On this link:

"They don't want to see what their friends post — they want to be entertained."

I know hindsight is 20-20, but, given how much data Mark et al had at their disposal by 2021, its crazy to me they didnt realise people much prefer being entertained that that keeps them consuming content longer - than just simply observing whats going on with the people they know.