Brace yourselves, winter is coming for OpenAI - atleast, that's what we think. In this episode we look at OpenAI's recent massive funding round and ask "why would anyone want to fund a company that is set to lose net 5 billion USD for 2024?" We scrape through a whole lot of muck to find the meaningful signals in all this news, and there is a lot of it, so get ready!
- (00:00) - Intro
- (00:28) - Hot off the press
- (02:43) - Why listen?
- (06:07) - Why might VCs invest?
- (15:52) - What are people saying
- (23:10) - How *is* OpenAI making money?
- (28:18) - Is AI hype dying?
- (41:08) - Why might big companies invest?
- (48:47) - Concrete impacts of AI
- (52:37) - Outcome 1: OpenAI as a commodity
- (01:04:02) - Outcome 2: AGI
- (01:04:42) - Outcome 3: best plausible case
- (01:07:53) - Outcome 1*: many ways to bust
- (01:10:51) - Outcome 4+: shock factor
- (01:12:51) - What's the muck
- (01:21:17) - Extended outro
Links
- Reuters article - OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia
- Goldman Sachs report - GenAI: Too Much Spend, Too Little Benefit
- Apricitas Economics article - The AI Investment Boom
- Discussion of "The AI Investment Boom" on YCombinator
- State of AI in 13 Charts
- Fortune article - OpenAI sees $5 billion loss in 2024 and soaring sales as big ChatGPT fee hikes planned, report says
More on AI Hype (Dying)
- Latent Space article - The Winds of AI Winter
- Article by Gary Marcus - The Great AI Retrenchment has Begun
- TimmermanReport article - AI: If Not Now, When? No, Really - When?
- MIT News article - Who Will Benefit from AI?
- Washington Post article - The AI Hype bubble is deflating. Now comes the hard part.
- Andreesen Horowitz article - Why AI Will Save the World
Other Sources
- Human-Centered Artificial Intelligence Foundation Model Transparency Index
- Cointelegraph article - Europe gathers global experts to draft ‘Code of Practice’ for AI
- Reuters article - Microsoft's VP of GenAI research to join OpenAI
- Twitter post from Tim Brooks on joining DeepMind
- Edward Zitron article - The Man Who Killed Google Search
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.