Vijaye Raji to become CTO of Applications with acquisition of Statsig

Are we supposed to post every blog/news post of OpenAI and keep fueling the AI hype? I think at this point people should know that OpenAI is just like any other company.

This seems like a big shift for OpenAI into an enterprise applications vendor to me.

What else could they have been? Microsoft didn't give them $10bn to build out their B2C homework autocomplete service.

It was almost certainly purchased just for internal usage. See: Rockset

Agreed. There are dozens of startups and established companies providing analytics-y software. The fact that this one is being acquired by OpenAI doesn't make it any more newsworthy to anyone other than the people who are getting some OpenAI equity...

A skunkworks shop that aims at 100x returns by producing cutting-edge AI tech, not another B2B BigTech company. Isn't that the very image they cultivated in the media?

How do you monetize cutting edge ai tech? Sell it. Who has money? Businesses.

Statsig is big enough that its acquisition is interesting in its own right. Or maybe I'm biased because I spent quite some time setting up a Statsig integration at $FORMER_EMPLOYER. But if I've done that, odds are that a lot of the other people here have too...

This is it. Does OpenAI have consumer DNA or enterprise DNA? It is very difficult to have both.

IIRC, the pitch was AGI would allow OpenAI to print money by replacing humans in any industry and siphoning whatever was being spent on payroll for pennies on the dollar.

In reality, it's going to be enterprise and ads.

place I work - Notion - does

If you can produce cutting edge AI tech, the opportunity cost is just too high to spend $1B on already established companies. Such acquisitions basically say that OpenAI can’t find a project worthy of $1B of compute and exceptional AI researchers either because there is nothing innovative they believe they can come up with or because anything innovative will be commoditized and produce little returns.

Correct.

So whats your prediction for the next 12 months?

I dunno. It will just become another diversified Big Tech company?

Can you call Meta diversified given most of its forward looking revenue comes from IG? Lol.

They sell ads. For people to look at ads they need to grab their attention. So they have an ad network, a social media platform, a microblogging platform, a short-form media sharing platform, a messenger, VR SW, VR HW, smart glasses, LLMs, a marketplace, a dating service, a street imagery service, a fitness service, some B2B stuff and so on.

"Can you call Meta diversified given most of its forward looking revenue comes from IG? Lol."

Meta's long term value, as it stands, seemingly comes predominantly from IG given that the probability of success of those things you mentioned are very low and FB is on its last legs in the developed world.

Meta is highly concentrated on IG. And how do we know this? Well Meta's revenues were beat recently by Bytedance. What is Bytedances premier App?

Tiktok.