Ilya Sutskever's SSI Inc raises $1B

Re:Ilya Sutskever's SSI Inc raises $1B by vasilipupkin on Wednesday September 04, 2024 @10:32PM (#41452957)

you are missing the point. SSI believes that it can build a super intelligence. Regardless of whether you personally buy into that or not, the expected value of such an investment is infinity effectively. 5 billion dollar valuation is a steal

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Re:Ilya Sutskever's SSI Inc raises $1B by EternalFury on Thursday September 05, 2024 @12:17AM (#41453419)

That type of reasoning really reminds of the Internet bubble.

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Re:Ilya Sutskever's SSI Inc raises $1B by dyauspitr on Thursday September 05, 2024 @01:49AM (#41453899)

Well the internet is worth trillions now.

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Re:Ilya Sutskever's SSI Inc raises $1B by EternalFury on Thursday September 05, 2024 @11:07AM (#41457347)

The Internet is worth trillions to no one in particular.

Just as clean water is worth trillions to no one in particular. Or the air we breathe.

You can take an abstract, general category and use it to infer that some specific business will benefit greatly, but in practice, the greater the opportunity the less likely it is it will be monopolized, and the more likely it is it will be commoditized.

But, my comment was a reference to the magic thinking that goes into making predictions.

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Re:Ilya Sutskever's SSI Inc raises $1B by dyauspitr on Thursday September 05, 2024 @01:33PM (#41458786)

It’s worth trillions to all the trillion dollar tech companies and their millions of employees and shareholders. What do you mean no one in particular.

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Re:Ilya Sutskever's SSI Inc raises $1B by vasilipupkin on Thursday September 05, 2024 @08:23AM (#41455919)

Sure. Expected value and risk are different things. Clearly, such an investment is very risky. It’s easy to imagine SSI failing. But if you allow even a 1% chance of success here, the expected value is infinite

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Re:Ilya Sutskever's SSI Inc raises $1B by mvkel on Friday September 06, 2024 @10:55AM (#41466781)

OpenAI and Anthropic also believe that, too. The thing they have is products, customers, and traction.

$5B pre-product, betting on the team is fine. $50B needs to be a lot more than that.

Many examples of industries collapsing under the weight of belief. See: crypto.

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Re:Ilya Sutskever's SSI Inc raises $1B by vasilipupkin on Tuesday September 10, 2024 @09:16AM (#41500507)

again, this comment misses the point

OpenAI and Anthropic for sure have products and that's great. However, these products are pretty far from a super intelligence.

The bet SSI is making is that by not focusing on products and focusing directly on building a super intelligence, they can leapfrog all these other firms

Now, if you assign any reasonable non zero probability to them succeeding,the expected value of this investment is infinity. It's definitely a very risky investment, but risk and expected value are two different things.

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