Used car salesman promises to save humanity. What a bunch of pompous twits. In o...

ben_w · 2024-12-27T14:26:15 1735309575

> In additional other news, Microsoft and OpenAI have now reportedly agreed on a joint definition of relationship-ending AGI as "whatever makes $100B". Not kidding.

OpenAI did that all by themselves before most people had heard of them. The 100x thing was 2019: https://openai.com/index/openai-lp/

Here's the broadly sarcastic reaction on this very site at the time of the announcement, I'm particularly noticing all the people who absolutely did not believe that the 100x cap on return on investments was a meaningful limit: https://news.ycombinator.com/item?id=19359928

As I understand it, Microsoft invested about a billion in 2019 and 13-14 billion more recently, so if the 100x applied to the first, the 100 billion limit would hit around now, while the latter would be a ~1.3 trillion USD cap assuming the rules hadn't been changed for the next round.

HarHarVeryFunny · 2024-12-27T15:12:40 1735312360

I don't think the new $100B=AGI thing is about investment return, but rather about reassuring sugar-daddy Microsoft, and future investors. The old OpenAI-Microsoft agreement apparently gave OpenAI the ludicrous ability to self-define themselves as having reached AGI arbitrarily, with "AGI reached" being the point beyond which Microsoft had no further rights to OpenAI IP.

With skyrocketing training/development costs, and OpenAI still unprofitable, they are still totally dependent on Microsoft, and Microsoft rightfully want to protect their own interests as they continue to expand their AI datacenters. Future investors want the Microsoft relationship to be good since OpenAI are dependent on it.

ec109685 · 2024-12-27T18:43:11 1735324991

The 100x is not a valuation metric but instead based on profit returned to shareholders.

So they haven’t even scratched the surface of that given they are widely unprofitable.

brcmthrowaway · 2024-12-27T16:11:57 1735315917

Prob made $10-20mn from OpenAI and has f u money.

HarHarVeryFunny · 2024-12-27T16:50:40 1735318240

Sure, but many of these people who have left still appear interested in developing AGI (not just enjoying their f u money), but apparently think they have better or same chance of doing so independently, or somewhere else ...