Assume around $3/hr per H100 (pretty generous pricing for GCP), that is $2250/month-gpu, or for their fleet of 8000 comes to $18MM/month or around $216MM/year in just compute costs alone, not looking at SSD, bucket storage, or egress.
At their initial investment of 465-320=$145MM that means they can’t have operated that cluster for longer than 6ish months without their funds running dry or the got massive discounts somewhere.Something doesn’t add up here.
Sakos|1 year ago
> Then, it hit them. They thought, “What if we create bite-sized information, following the same scientific standards of peer-reviewed journals, to empower people to solve climate change?”
> Together, they started combing through climate science articles and turning them into social-media friendly content under the name ClimateScience. After two short months, ClimateScience went viral and grew to 40,000 followers on Instagram. People started sending in private messages, asking how they could help. A team of curious, kind and passionate people quickly grew, all dedicated to making climate education more understandable for everyone.
> Just a few years later, ClimateScience has grown into the world’s biggest climate education platform! We create educational courses, videos, resources and tools to improve climate understanding and education. It’s all completely free and just a few clicks away on any device.
According to LinkedIn, they have 50-200 employees. Is that plausible? How many of those are actually FTEs? Where is their revenue coming from if it's all completely free? Looking at the team page, this feels off, like it's a bunch of university students padding their CV.
That was after dropping out of university, 1 year into a bachelor's in computer science. During which he apparently had a 5 month contract at Facebook AI where he "lead the development of 'DREAM', an algorithm that's 100x more data-efficient and trains faster than the previous state-of-the-art in model-free multi-agent Deep RL. Paper: https://arxiv.org/abs/2006.10410".
How does this lead to Magic.dev and third-parties investing $500 million? Either this guy is a prodigy or this is the next Theranos.
edit: I looked into the other co-founder just now and I feel like I'm in the twilight zone.
thelastparadise|1 year ago
likewise, especially as a profitable bootstrapped founder
it's like these people don't play by the same rules as the rest of us
koolala|1 year ago