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xnickb 10 hours ago

Exactly. What I find surprising in this story though is not the OpenAI. It's investors not seeing through these blatant.. lets call them exaggerations of the reality and still trusting the company with their money. I know I wouldn't have. But then again, maybe that's why I'm poor.

ryandrake 9 hours ago | parent | next [-]

In their hearts, startup investors are like Agent Mulder: they Want To Believe. Especially after they’ve already invested a little. They are willing to overlook obvious exaggerations up to and including fraud, because the alternative is admitting their judgment is not sound.

Look at how long Theranos went on! Miraculous product. Attractive young founder with all the right pedigree, credentials, and contacts, dressed in black trurtlenecks. Hell, she even talked like Steve Jobs! Investors never had a chance.

9 hours ago | parent | prev | next [-]
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jdross 9 hours ago | parent | prev [-]

They already have 400 million daily users and a billion people using the product, with billions of consumer subscription revenue, faster than any company ever. They are also aggregating R&D talent at a density never before seen in Silicon Valley

That is what investors see. You seem to treat this as a purity contest where you define purity

zaphar 8 hours ago | parent | next [-]

Also apparently still not making a profit.

8 hours ago | parent [-]
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xnickb 9 hours ago | parent | prev [-]

I'm speaking about past events. Perhaps I didn't make it clear enough