Reid Hoffman, early OpenAI board member and investor, addresses criticism about OpenAI moving away from open-source principles.
Assertion Not checkable as stated
Hoffman: Elon Musk approved OpenAI's closed-model strategy as co-CEO
“Elon was part of that decision for you know, as kind of co-CEO in terms of making that decision. And so that's how open AI has always operated.”
Opinion
Hoffman: FTC Chair Lina Khan's tech M&A crackdown concentrates Big Tech power
“You know, she misunderstands, like, kind of the role of how to stop the aggregation of power in large tech companies, because she says, well, if she stops large tech companies from buying small startups, what that means is venture capitalists, like myself, and…”
Prediction Not checkable as stated
Hoffman: Current AI investments will seem small in retrospect
“When you think about what AI is going to bring to the transformation of human life and human work, the investments will, I think, seem small. In retrospect”
Insight
Hoffman: Silicon Valley dominates by ignoring traditional DCF analysis
“This is actually one of the reasons why Silicon Valley tends to create so many of the technology companies that dominate the globe, because if you take an overly kind of classic DCF analysis, business school prof analysis, et cetera, which many, much of the wo…”
Insight
Hoffman: Late-stage AI rounds do not require 10x returns to succeed
“The investment that investors made last year is kind of more of a growth venture round relative to, it doesn't necessarily require a 10 X. I mean, you know, we have trillion dollar companies now, so, you know, trillion dollar companies are definitely within fe…”
Prediction Not checkable as stated
Hoffman: Some foundation model efforts will fail, especially late entrants
“Well, I do think that there will be efforts at foundational models that won't work. And especially I think late entrance like late entrance have a harder, you know, catch up routine and a lot of kind of expense to go to it”