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247 points inesranzo | 7 comments | | HN request time: 0.001s | source | bottom
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postalcoder ◴[] No.46232000[source]
buried the lede:

> As part of the agreement, Disney will make a $1 billion equity investment in OpenAI, and receive warrants to purchase additional equity.

I say this with no snark or disdain: Sam has mastered the art of the flywheel.

Re licensed ai videos, if anyone wants to see the perspective the C-suites are being sold on, check out this episode of Belloni's The Town, in which they discuss the vision for AI + IP https://overcast.fm/+AA4DU9JreIE

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ramesh31 ◴[] No.46232103[source]
>I say this with no snark or disdain: Sam has mastered the art of the flywheel.

It's been his entire career. Guy has made billions of dollars from talking.

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1. irishcoffee ◴[] No.46239071[source]
Yeah, he’s a sociopath
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2. nish__ ◴[] No.46240306[source]
He's taking from Disney and Microsoft though so I see no moral issues.
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3. DANmode ◴[] No.46240696[source]
Who does Disney and Microsoft get their money from?

Groups like this aren’t singular entities.

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4. irishcoffee ◴[] No.46241145[source]
What if he’s wrong? He doesn’t care.

It could however, be pretty fucking shitty for the US/World economy.

He don’t care.

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5. nish__ ◴[] No.46241155{3}[source]
Americans mostly. Both abuse copyright law to profit off of works done by creators/inventors of the past. Neither contribute much to humanity these days.
6. nish__ ◴[] No.46241179{3}[source]
What if who's wrong? Sam? If right means turning a profit, he's most certainly wrong. It would be a very stupid investment to give money to him but it turns out there no shortage of dumb money. Can't blame the guy for taking money people are literally throwing at him. If you know anything about the guy he has no interest in business or profit. He just wants to create AGI. Mostly out of curiosity it seems.
7. sidewndr46 ◴[] No.46243992[source]
I can't really see how Altman is a sociopath? I think his current vision greatly exceeds the technical capabilities that OpenAI can ever build. OpenAI seems to have produced some genuinely interesting products on the other hand. But they aren't profitable at present and I don't see it happening.

Altman talks to the talk of a CEO who is going to build a company that can change the world. It's what investors want to hear. He seems to make as many attempts as possible to actually execute on that. I think most of those plans are unlikely to be as successful as desired. But this isn't Theranos level fraud, where what they are trying to build is obviously impossible.