[maplethorpe]

> The Information had previously reported that $35 billion of Amazon’s investment could be contingent on the company either achieving AGI or making its IPO by the end of the year. OpenAI’s announcement confirms the funding split, but says only that the additional $35 billion will arrive “in the coming months when certain conditions are met.”

Incredible.

[konschubert]

So basically, Amazon is buying into the IPO at an early price. Maybe this is the time to divest from MSCI world. I don’t want to be the bag holder in the world’s largest pump and dump.

It can both be true at the same time: That AI is going to disrupt our world and that Open AI does not have a business model that supports its valuation.

[WarmWash]

Tesla is a car company with relatively small, and shrinking, sales, that is worth $1.5T on the promise of [Elons_Promise_of_the_Month]

[general_reveal]

Did it ever occur to you that an entire generation of developers are going to retire in less than 20 years? They are betting that the software industry will be autonomous. Really, think of our industry like AUV phenomena. We’re the drivers that are about to be shown the door, that’s the bet.

World will still need software, lots of it. Their valuation is based on an entire developer-less future world (no labor costs).

[RobotToaster]

Exactly, the dot com bubble didn't mean that the internet was just a fad.

[boringg]

I'm curious how they define AGI technically. Seems like you would want that to be a tight definition.

[lm28469]

Didn't they already define it as "a system capable of generating at least $100 billion in profit"

[uluyol]

It just needs to be anything that will force OpenAI to IPO.

[stavros]

I'd love to know how they define AGI.

[zozbot234]

They've previously defined AGI as an AI that can directly create $100B in economic value.

[baal80spam]

Altman Gets Investment?

[etyhhgfff]

Obviously in a way they get the $35B.

[outside1234]

Hopefully Microsoft is selling parts of their share of this trash into these funding rounds...