- Sam Altman, the CEO of OpenAI, told would-be startups to put their money on AI.
- He said that people were not paying enough attention to how quickly the place was changing.
- Even though he is fighting with Elon Musk right now, Altman said he was “very grateful” for Musk’s early support.
Sam Altman has some inspiring words for people who want to start their own tech businesses: Now is the best time to start a business ever because AI is becoming more popular.
In a talk with Garry Tan, president and CEO of Y Combinator, the head of OpenAI compared the AI boom to other major turning points in technology, such as the rise of mobile, the start of the internet, and the semiconductor revolution.
“With each successive major technological revolution, you’ve been able to do more than you could before,” he said.
Having been able to solve OpenAI’s funding problem early on with money from his other businesses, he said, was “definitely helpful” in getting the company off the ground, since it would have been hard to find other backers otherwise.
Altman said he was “very grateful” to Elon Musk for helping to fund OpenAI in its early days, even though the two have a tense relationship now.
Since then, Musk has criticized and sued the company several times, saying it lied to him about becoming a partner. OpenAI responded last month by saying that Musk was bothering them for “his own competitive advantage” in the name of xAI, a business that competes with them.
Musk has also called OpenAI “evil” after it was said to have asked investors not to back its AI competitors, including Musk’s own, after getting $6.6 billion in new funding.
Altman, on the other hand, said that now was a great time for founders because AI was growing “a lot faster than people are appreciating right now.” He said that the technology was being underrated by many, even the founders of billion-dollar companies. He said, “Bet on this tech trend,” and added, “We are not near the saturation point.”
While OpenAI has been a charity for almost ten years, it is now taking steps to become a for-profit business. These include initial talks with California’s attorney general’s office.
Altman did warn, though, that AI could lead to “short-term explosions of growth,” but that it wouldn’t always be good for startups. “You still have to build something of enduring value.”
A world where companies can make billions of dollars with less than 100 workers, he said, was possible.
The only thing he could think of was that it was a great time to start a business. “It’s like one person plus 10,000 GPUs,” he added. “Pretty strong.”
Still, the controversial executive has said that artificial general intelligence is coming soon, but some researchers think it’s still a ways off.
Also Read: CEO Of OpenAI Sam Altman Says The Company’s Goods Are Being Held Up By A Lack Of Computing Power
Parhlo World asked OpenAI for a response, but they didn’t answer right away.
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