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Can somebody explain to me how giving a 28 year old kid 250 million (or was it 1 billion) to run your AI lab is a good idea? Or is it actually a dumb idea? I think it is a dumb idea, but maybe somebody can make it make sense.

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Well Wang used to live with Altman. What value that actually provides, I don't know. But it seems to be why he's worth this much.

well if the expected value of developing AGI is 100 quadrillion dollars -- 1000X bigger than the entire global economy -- and you think this person has a .01% chance of getting there in any given year, you should pay him 10 trillion dollars a year :)

I think a surprisingly good AI will come into existence and one of the lessons will be that we greatly overvalue intelligence over basic distribution. Giving a single kid millions and billions is symbolic of the actual problem (the distribution one).

Also, there's basically 0% chance this kid is one of the top 1000 most knowledgeable people in the world on this technology.

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