It is not for the benefit of society, it is not good engineering, it is pure financial fuckery. ENRON smartest guys in the room esque.
Am encouraging everyone I know to dump US bonds, US stocks because to hell with these hucksters trying to steal my pension.
… this is fine …
Add another $500k in stock options on top of that, and most of these folks shouldn't have to worry about their future even if we reach RSI and ASI.
Outsized stock based compensation when you’re posting massive GAAP losses just makes it look like you’re robbing shareholders… because in a real sense you are.
The shareholders benefit when the employees have an incentive to do good work.
shawabawa3•46m ago
Mind blowing I know
echelon•16m ago
If this was just OpenAI and Anthropic, this money would represent all of your salaries being soaked up and your job functions being privately consumed by two companies.
Fire three quarters of your eng staff and subscribe to Anthropic is a valid trillion dollar business. Scary to say, but that's the value prop on the filing.
Except that there's actually tons of competition and no moat. The math problems are just a distraction from that.
How on earth are you worth a fraction of that when there are a dozen Chinese companies doing the exact same, with half of them just giving away the goods for free?
glimshe•8m ago
I don't disagree that Anthropic has no long term moat but they have been a LOT better than the Chinese models since the beginning.
As programmers, we're natural optimizers. And we frequently deliver solutions that aren't always the best, but just "good enough".
Guess what, the Chinese models, Mistral, Argon etc, aren't "good enough" for a lot of tasks. That's why people pay for Claude.