Ilya Sutskever's SSI Inc raises $1B

Re:Ilya Sutskever's SSI Inc raises $1B by jedberg on Wednesday September 04, 2024 @02:54PM (#41449205)

It's more game theory. Regardless of the chances of AGI, if you're not invested in it, you will lose everything if it happens. It's more like a hedge on a highly unlikely event. Like insurance.

And we already seeing a ton of value in LLMs. There are lots of companies that are making great use of LLMs and providing a ton of value. One just launched today in fact: https://www.paradigmai.com/ (I'm an investor in that). There are many others (some of which I've also invested in).

I too am not rich enough to invest in the foundational models, so I do the next best thing and invest in companies that are taking advantage of the intermediate outputs.

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Re:Ilya Sutskever's SSI Inc raises $1B by tim333 on Wednesday September 04, 2024 @03:23PM (#41449606)

If you want safe investment you could always buy land. AGI won't be able to make more of that.

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Re:Ilya Sutskever's SSI Inc raises $1B by jedberg on Wednesday September 04, 2024 @03:26PM (#41449654)

We can already make more land. See Dubai for example. And with AGI, I suspect we could rapidly get to space travel to other planets or more efficient use of our current land.

In fact I would say that one of the things that goes to values near zero would be land if AGI exists.

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Re:Ilya Sutskever's SSI Inc raises $1B by tim333 on Wednesday September 04, 2024 @04:03PM (#41450112)

Perhaps but my mental model is humans will end up like landed gentry / aristos with robot servants to make stuff and will all want mansions with grounds, hence there will be a lot of land demand.

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Re:Ilya Sutskever's SSI Inc raises $1B by zakki on Wednesday September 04, 2024 @08:27PM (#41452274)

Still those AGIs Servers need land

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Re:Ilya Sutskever's SSI Inc raises $1B by jedberg on Wednesday September 04, 2024 @08:30PM (#41452293)

With a super AGI it could design a chip that takes almost no space and almost no energy.

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Re:Ilya Sutskever's SSI Inc raises $1B by qingcharles on Wednesday September 04, 2024 @04:24PM (#41450362)

If ASI arrives we'll need a fraction of the land we use already. We'll all disappear into VR pods hooked to a singularity metaverse and the only sustenance we'll need is some Soylent Green style sludge that the ASI will make us believe tastes like McRib(tm).

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Re:Ilya Sutskever's SSI Inc raises $1B by singularity2001 on Wednesday September 04, 2024 @05:03PM (#41450783)

ASI may be interested in purchasing your parcel of land for two extra sludges though

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Re:Ilya Sutskever's SSI Inc raises $1B by edgyquant on Wednesday September 04, 2024 @07:04PM (#41451786)

As humans move into space this statement becomes less true

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Re:Ilya Sutskever's SSI Inc raises $1B by parpfish on Wednesday September 04, 2024 @06:21PM (#41451478)

i think the investment strategies change when you dump these astronomical sums into a company. it's not like roulette where you have a fixed probability of success and you figure out how much to bet on it -- dumping in a ton of cash can also increase the probability of success so it becomes more of a pay-to-win game

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