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Zoey
Ultrawave

Two years after ChatGPT: How is AI economy now?

2024 Oct-09 Wed
Article AI
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A funding campaign at the same time as the trade war

ChatGPT's parent company has raised $6.6 billion in new funding at a $157 billion valuation to accelerate its mission to make artificial general intelligence accessible to all humanity. The funds will be used to advance frontier AI research, increase computing power, and develop tools for solving complex problems. The company aims to make advanced intelligence a widely available resource and is partnering with governments and the broader community to achieve this goal.

People are noticing a concerning trend in the AI space - despite the market's high expectations for profitability, many leading companies are actually increasing their expenses. As valuations continue to soar, investors are left wondering if these AI products will be able to sustain their growth and deliver returns on investment.

What is the future of AI application?

We believe that the true power of AI lies not in its grand ambitions, but in its ability to genuinely benefit users. When expectations soar high, it's crucial that AI companies focus on refining their products' accuracy and functionality, rather than solely chasing scale. Only by delivering tangible value can we unlock the full potential of AI.

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If you're going to lead a space frontier, it has to be government; it'll never be private enterprise. Because the space frontier is dangerous, and it's expensive, and it has unquantified risks.
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And under those conditions, you cannot establish a capital-market evaluation of that enterprise. You can't get investors.
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When you put money directly to a problem, it makes a good headline.
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When I look at the universe and all the ways the universe wants to kill us, I find it hard to reconcile that with statements of beneficence.