Palihapitiya predicts silicon and software innovations will drop AI training costs from $10B to $10M runs.
“At the scale of what they're trying to do, those kinds of innovations are going to make the cost of model training so much cheaper that it's like, why would we stick to the $10,000,000,000 training runs when we can have the $10,000,000 training runs?”
Palihapitiya proposes posting hundreds of millions himself to create turnkey IPOs with all his risk.
“But I've talked to Paul Atkins about this. I'll post the hundreds of millions of dollars. Now it's a turnkey IPO. It's all my risk. If I find something I like, I'll just underwrite it.”
Palihapitiya compared celebrating outdated methods to rubbing sticks together after matches were invented.
“like after matches was invented, still celebrating the arduous time to rub two sticks together,”
Palihapitiya compares resistance to new technology to celebrating obsolete methods after better alternatives exist.
“like after matches was invented, still celebrating the arduous time to rub two sticks together,”
Continuing to celebrate outdated methods is like praising stick-rubbing after matches exist.
“like after matches was invented, still celebrating the arduous time to rub two sticks together,”