> Their initial efforts to raise capital were complicated by a challenge confronting Hassabis still: Many investors lack the patience to embrace distant concepts. “What’s your product?” they would ask, he recalled in a company-sponsored documentary about DeepMind last year. “It’s like so prosaic a question.” His answer: “The most important thing of all time.”
It’s also interesting how corporate execs like this can eschew core tenants of capitalism such as “what is your product?” and “what is it going to cost?” as “prosaic” and boring while burning extraordinary amounts of capital in the process. Quotes like the above are going to be looked back on with the same kind of scrutiny that SBF got after his scandal if the AI play goes sideways.
tonetegeatinst•2h ago