The Contradictions of Sam Altman, AI Crusader

Re:The Contradictions of Sam Altman, AI Crusader by Jasper_ on Saturday April 01, 2023 @03:41PM (#35403404)

Returns are capped at 100x their initial investment, which, you know, is not that big of a cap. VCs would go crazy for a 100x return. Most companies, even unicorns, don't get there.

[0] https://openai.com/blog/openai-lp

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Re:The Contradictions of Sam Altman, AI Crusader by sebzim4500 on Saturday April 01, 2023 @03:47PM (#35403445)

I mean, presumably they are at like 30x already?

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Re:The Contradictions of Sam Altman, AI Crusader by jprete on Saturday April 01, 2023 @05:40PM (#35404375)

I believe the Microsoft investment is around $10 billion, so they can get up to a trillion dollars of return under the cap.

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Re:The Contradictions of Sam Altman, AI Crusader by sebzim4500 on Saturday April 01, 2023 @07:47PM (#35405447)

The $10 billion had a 7x cap right? I'm pretty sure the 100x cap was only for the initial investments.

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Re:The Contradictions of Sam Altman, AI Crusader by mirekrusin on Saturday April 01, 2023 @04:04PM (#35403579)

This cap is much smaller, 100x was for initial investors. Microsoft took every single penny they could to get 49% stake.

If they won’t do AGI, they won’t go over the cap with profits and all drama is for nothing - so saying it’s fake cap is not right.

Please somebody correct me if I’m wrong.

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Re:The Contradictions of Sam Altman, AI Crusader by shostack on Saturday April 01, 2023 @07:05PM (#35405067)

Is that fomo or anchoring?

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