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Sam Altman dismissed criticisms of OpenAI’s trillion-dollar-plus compute spending commitments in a latest podcast interview.
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Shares of OpenAI are in demand, Altman advised investor Brad Gerstner on the “Bg2 Pod.”
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“We would screw it up. That is the guess that we’re making, and we’re taking a danger together with that,” Altman mentioned.
Sam Altman seems uninterested in having to justify how OpenAI can pay for its trillion-dollar-plus spending commitments as a startup bringing in a fraction of that in annual income.
In a testy second throughout a latest podcast interview with investor Brad Gerstner on the “Bg2 Pod,” Altman was requested “the only largest query” that’s “hanging over the market.”
“How can an organization with $13 billion in revenues make $1.4 trillion of spend commitments?” Gerstner requested the OpenAI CEO. “You have heard the criticism, Sam.”
OpenAI has invested closely in infrastructure and compute, hanging multi-billion-dollar offers to safe extra Nvidia chips and power to gasoline its AI ambitions. The newest got here Monday morning, when OpenAI introduced a $38 billion partnership with AWS.
“If you wish to promote your shares, I am going to discover you a purchaser,” Altman mentioned in response to Gerstner’s query. “Sufficient.”
Altman disputed the $13 billion in OpenAI income that Gerstner listed earlier than launching right into a better protection.
“I believe there’s lots of people who discuss with numerous breathless concern about our compute stuff or no matter that might be thrilled to purchase shares,” Altman mentioned. “We might promote your shares or anyone else’s to a number of the people who find themselves making essentially the most noise on Twitter about this in a short time.”
AI bubble discourse on “Twitter” — now X, owned by Altman’s friend-turned-foe Elon Musk — has reached a fever pitch amid tech firms’ rising capex spending. On Meta’s latest earnings name, CEO Mark Zuckerberg mentioned the corporate was deliberately “front-loading” compute. Within the “very worst case,” Zuckerberg mentioned, Meta may have “pre-built for a few years.”
“We do plan for income to develop steeply,” Altman mentioned on the podcast. “We’re taking a ahead guess that it’ll proceed to develop.”
Altman listed a number of the firm’s bets: ChatGPT, client units, its cloud enterprise, and the automation of science. The corporate additionally lately introduced a plan to monetize its viral Sora app by charging for extra AI video generations.
