IBM & Tesla Bet Billions on AI - David Shapiro

OpenAI Revenue EXPLODES

Key insights for OpenAI Revenue EXPLODES

• 💰 OpenAI, Tesla, and IBM are making significant investments in AI, with valuations and revenues reaching millions and billions of dollars.

• 💰 OpenAI's revenue has exploded, with a projected increase from $28 million to $1 billion in the next 12 months, primarily driven by the success of chat GPT and a surge in user sign-ups.

• 💰 The AI investment growth is predicted to reach $200 billion per year by 2025, more than double the amount from last year.

• 📈 The exponential growth in AI investment suggests that the AI industry is experiencing a geometric ramp up, with billions of dollars being added each year to AI resources.

• 🌍 AI is expected to destroy 85 million jobs globally by 2025 but is also expected to create up to 97 million jobs, resulting in a net gain of 12 million jobs.

• 😬 75% of Americans believe that AI should be regulated or heavily regulated by the government, showing a strong desire for oversight and control in the development and use of AI technology.

• 🔄 Meta's bold strategy of focusing on open source AI could lead to less friction and more collaboration, potentially resulting in better and more democratic AI models built on open source data and models.

• 💥 As AI disrupts various industries, there is concern about the loss of jobs and whether new jobs will be created to compensate for it.

The key idea of the video is that AI investments are booming, but there is a need for transparency and accountability in the industry.

• IBM, Tesla, and OpenAI are investing billions in AI, with IBM also planning layoffs as AI takes over repetitive tasks, while OpenAI expects a 35x increase in revenue from their chat GPT product.

  • IBM has invested $235 million in hugging face, a startup valued at $4.5 billion, while also planning thousands of layoffs as the CEO expects AI to take over repetitive tasks.

  • IBM, Tesla, and OpenAI are investing billions of dollars in AI, with Tesla building a $300 million computing cluster and OpenAI expecting a 35x increase in revenue due to their chat GPT product.

  • Tech companies aim to become unicorns by reaching a billion-dollar valuation and experiencing exponential growth due to the fast user adoption and global exposure of their products, which is unique to the tech industry.

• Microsoft invests in OpenAI to position themselves in the AI industry, with a deal entitling them to up to 75% of OpenAI's revenue until a $100 billion threshold is reached.

  • OpenAI's chat GPT costs around $250-300 million per year to run, leaving them with $700 million for other expenses, and their deal with Microsoft entitles Microsoft to up to 75% of OpenAI's revenue until a threshold of $100 billion is reached.

  • Microsoft's investment in OpenAI is a strategic move to position themselves in the growing AI industry, even though it may take a long time for them to see a return on their investment.

• AI investments are booming, with predictions of $200 billion per year by 2025, and despite a potential slowdown in 2023, the overall growth is explosive, making it a great time to sell AI.

  • AI investments are booming, with predictions of $200 billion per year by 2025, and while there may be some evidence of a slowdown in 2023, overall the growth is explosive and it's a great time to be selling AI.

  • Investments in AI are rapidly increasing, with billions of dollars being invested each year, leading to the expectation that any problems AI faces will be solved.

  • AI investments are booming and it is important to think about AI's future potential rather than its current state, as evidenced by the release of GPT-3 last year and the anticipation of further advancements in the coming year.

• Despite over 150,000 tech layoffs in the US, total unemployment remains low at 3.5%, with 375,000 tech jobs open, as AI is expected to create a net gain of 12 million jobs globally by 2025.

  • There have been over 150,000 tech layoffs in the US, but total unemployment remains low at 3.5%, with 375,000 tech jobs open as of January.

  • Old jobs are being replaced by new jobs due to a workforce transformation, with AI expected to create a net gain of 12 million jobs globally by 2025, as indicated by various sources.

• Regulations on AI are likely to be implemented in America due to the strong consensus among Americans, indicating that the country is moving in the right direction.

  • The majority of Americans view AI as a potential threat to human civilization and believe that it should be regulated by the government.

  • Regulations on AI are likely to be implemented in America due to the strong consensus among Americans, which gives confidence that the country is moving in the right direction.

• AI investments are booming, but class action lawsuits against OpenAI and concerns about regulatory capture may impact the industry's growth and democratization.

  • AI investment may cool slightly due to class action lawsuits against OpenAI, but Meta's open source approach may lead to better and more democratic AI.

  • Regulatory capture is a primary concern in AI investments as stakeholders may try to stack regulations in their favor.

• Americans are demanding transparency and accountability in AI, as it disrupts industries and leads to job losses, creating uncertainty about the future of post-labor economics and UBI, but there is optimism about the state of jobs and a predicted increase in demand for generative AI jobs.

  • Americans are demanding transparency and accountability in AI, and there is optimism about the state of jobs, but the future of post-labor economics and UBI is uncertain.

  • AI is disrupting various industries, leading to job losses, and it is uncertain if new jobs will be created to compensate, so individuals should focus on developing their skills to adapt to the changing job market.

  • There is a predicted increase in demand for generative AI jobs, similar to the rise of IT jobs in the early 2000s, and individuals are encouraged to skill up in this area.

  • The speaker predicts that in the next five to ten years, there will be a transition towards post-labor economics, although the exact timing is uncertain.

• AI investments are booming, and we should use this consensus to demand transparency and accountability.