OpenAI's ongoing discussions to raise funding could elevate its valuation to over $100 billion, reflecting strong investor appetite despite a past valuation of $80 billion. The company's annualized revenue of just over $2 billion is coupled with significant market multiples—which may indicate future growth potential, particularly in advanced AI and AGI technologies. Despite a perceived cooling in growth momentum since valuations skyrocketed from $29 billion two years ago, the fundamental progress in AI may simply be on a multi-year cycle of hardware and model advancements. The expectation is that a significant scaling jump will manifest approximately every two years. Interest in products like Search GPT hinges on OpenAI capturing even a small market share from giants like Google, which presents considerable upside opportunity. Additionally, with Microsoft controlling 49% of OpenAI, the dynamics of control and equity distribution in this funding round could critically impact OpenAI’s mission to ensure AGI benefits humanity. The terms of the deal will be crucial in determining how control aligns with ownership, shaping the future trajectory and governance of the company.
Our 181st episode with a summary and discussion of last week's big AI news!
With hosts Andrey Kurenkov and Jeremie Harris
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In this episode:
- Google's AI advancements with Gemini 1.5 models and AI-generated avatars, along with Samsung's lithography progress.
- Microsoft's Inflection usage caps for Pi, new AI inference services by Cerebrus Systems competing with Nvidia.
- Biases in AI, prompt leak attacks, and transparency in models and distributed training optimizations, including the 'distro' optimizer.
- AI regulation discussions including California’s SB1047, China's AI safety stance, and new export restrictions impacting Nvidia’s AI chips.
Timestamps + Links:
- (00:00:00) Intro / Banter
- (00:03:08)Response to listener comments / corrections
- Tools & Apps
- Applications & Business
- Projects & Open Source
- Research & Advancements
- Policy & Safety
- Synthetic Media & Art
- (02:14:06) Outro