Frank Friedberg
speaker
57 appearances
1 recordings
1 series
first heard Jun 2024
last heard Jun 2024
Frank Friedberg’s voice in public audio — every appearance, attributed to the second.
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Appearances
Myself and many of my friends would scramble for the opportunity to support that party. That's the end of my statement. Did you get a response? Then a month later, the handler said, so-and-so has this on their docket. They're going to call you. Never going to call.
I'm not really, I don't really have a great perspective on this where we hire very specialized people at Ohalo and in the specialty field we're in, we're the best in the world. So everyone wants to work here. Got it.
I don't care if OpenAI is for-profit or non-profit. It affects a few people that put money in, and the employees. It doesn't affect anyone else, so...
You could say that about any business, right?
They apparently raise money at an $80 billion valuation. So one could also argue that a company doing $3 billion in revenue getting an IPO done at $120 billion market cap. maybe the public already missed the big wave.
It could go up, it could go down. But anyway, there's a bunch of people who put money in who are going to make a lot of money if this thing gets to be for profit.
I don't know enough.
Well, I've heard that they've had quite a bit of turnover because there's been pretty good secondary market activity, which means a lot of the employees have cashed out and they've made so much money. Just like what's happening at NVIDIA now, there's very little upside relative to how much money you've already made. So at that point, a lot of the early people start to leave.
Yeah, so they're trying to hire more people, it sounds like.
I have no idea. I don't know what these guys are doing. Have you guys looked at this company? I haven't seen anything. Well, I mean, we're just basing it on reports.
We're using a lot more models and we're seeing them be very practically applied at the edge. So you don't need to have large models running on a large compute cloud to get practical value. And this is definitely a big, A big point in the industry is that you're getting highly functional application-specific models that can be run in a more local environment on the edge.
So they're not running the cloud on big compute clusters. And there's incredible applications in things like machine vision and control systems. You're going to ultimately see this being... I don't know if you guys saw that Chinese dog. We never talked about this. China basically ripped off Boston Dynamics, or at least that's what it looks like. And they created this military dog.
Nick, can you pull up the clip? And then they put machine guns on the back of the dog's back. The models are running locally in these devices. In fact, I think we're going to have a few demonstrations of this at the... at the Olin Summit. So the robotic applications are pretty powerful. Machine vision applications are very powerful.
And when you see this insane video from China, by the way, this is a totally different topic. You guys seen this?
So this thing goes autonomously into a building and it can then find its target and eliminate its target with the machine gun on the back. Incredible. And you can see this becoming like, let's say they build a assembly line and they put out 10 million, 50 million of these things, and these things can now go run autonomously in the field. This is the dark side of small,
highly performative application-specific models running in an embedded way.
I'll make one last wrap on this. I'll take the other side of bundling. Oh, here we go. I think ultimately, if bundling benefits the consumer or the customer from improved prices, I don't buy the antitrust arguments on a lot of these cases. I don't think that you're keeping...
competitive solutions in the market if the benefit of the lower cost product is actually there for the consumer or the customer. Supermarkets, for example, do this, right? So there's a lot of products in the supermarket like peanut butter, milk, eggs that have historically been big loss leaders because they get people in the store. Once they get in the store- Peanut butter is not a monopoly.
So you're talking about one week. And Teams is not a monopoly, right? When you install it, Microsoft Office is and 365 is.
There are other options. You have options. There's plenty of options.
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