@levelsio So why is this controversial? Has Sam done some recapitalization that isn't legal? He is certainly unlikeable and annoying to listen to many of us, but that doesn't really have anything to do with the structure of the company.
Sam Altman will give himself 7% of Open AI which at its current valuation of $150B would be $10.5B in shares
Sam Altman on taking shares in OpenAI just 4 months ago: x.com/morqon/status/…
“It's so deeply unimaginable to people to say i don’t really need more money... If I were to say I'm going to try and make a trillion dollars with OpenAI it would save a lot of conspiracy theories”
— All-In Podcast, May 2024
I'm a capitalist and I love people getting rich of their businesses
What I personally don't like is the snakey ways Sam is doing all this in
You never know if he's telling the truth or not
It's fine to get rich, just say you wanna get rich, you're changing the world, you should get rewarded but don't lie
@CJDGiesen@levelsio Disagree. If you spend much time writing code, chatGPT is clearly better than the rest. The productivity gains the LLM's provide are worth WAY more than they are charging. Prices will come up over time imo
@levelsio OpenAI is extremely overvalued. Their product is amazing, no doubt. But they have no mote. It turned out that anybody with a huge budget can do the same thing, as xAi just demonstrated. There is nothing special about what openAI does. It's mostly a question of compute and data.
we are happy to have reached an agreement with the US AI Safety Institute for pre-release testing of our future models.
for many reasons, we think it's important that this happens at the national level. US needs to continue to lead!