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by tim333 690 days ago
To comment a little on the economics:

OpenAI has raised $11.3bn (source the article)

Since partnering with Microsoft in 2019, Microsoft's valuation has gone from $0.7tn to $3.1bn, or an increase of $2.4tn, a lot of that on AI enthusiasm.

Microsoft can sell some shares to fund OpenAI, 2.4tn being about 200x what they've put in.

Sure the market bubble will pop at some stage but not by 200x. I'm skeptical of the they can't survive argument.

Also I recall in the early days of Facebook, Google and Amazon people saying they lose money each year, the first two didn't have a monetization model, how will they get by? But of course they ended up some of the world's most profitable companies. With AI also you have to think a few years down the road when ASI's output may exceed the current global GDP ($100tn or so).