In conversation with Sam Altman
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I first met our next guest, Sam Altman, almost 20 years ago when he was working on a local mobile app called Looped. We were both backed by Sequoia Capital. And in fact, we were both in the first class of Sequoia Scouts. He did investment in a little unknown fintech company called Stripe. I did Uber. And in that tiny experimental fund- You did Uber?
I've never heard that before. Yeah, I think so. It's possible. You've got it starting already.
You should write a book, Jacob. Maybe.
Maybe.
Rain Man, David Sack.
And it said, we open sourced it to the fans and they've just gone crazy with it. Love you guys. Queen of Kinwa.
That tiny experimental fund that Sam and I were part of as scouts is Sequoia's highest multiple returning fund. A couple of low-digit millions turned into over 200 million, I'm told. Really? Yeah, that's what I was told by Ruloff, yeah. And he did a stint at Y Combinator, where he was president from 2014 to 2019. In 2016, he co-founded OpenAI with the goal of ensuring that artificial general intelligence benefits all of humanity. In 2019, he left YC to join OpenAI full-time as CEO. Things got really interesting on November 30th of 2022. That's the day OpenAI launched ChatGPT. In January 2023, Microsoft invested $10 billion. In November 2023, Over a crazy five-day span, Sam was fired from OpenAI.
Everybody was going to go work at Microsoft. A bunch of heart emojis went viral on X slash Twitter, and people started speculating that the team had reached artificial general intelligence. The world was going to end, and suddenly... A couple days later, he was back to being the CEO of OpenAI. In February, Sam was reportedly looking to raise $7 trillion for an AI chip project. This after it was reported that Sam was looking to raise a billion from Masayoshi-san to create an iPhone killer with Johnny Ive, the co-creator of the iPhone. All of this while chat GPT has become better and better and a household name. It's having a massive impact on how we work and how work is getting done. And it's reportedly the fastest product to hit 100 million users in history in just two months. And check out OpenAI's insane revenue ramp up. They reportedly hit 2 billion in ARR last year. Welcome to the All In podcast, Sam Altman.
Thank you. Thank you, guys.
Sax, you want to lead us off here?
Okay, sure. I mean, I think the whole industry is waiting with bated breath for the release of GPT-5. I guess it's been reported that it's launching sometime this summer, but that's a pretty big window. Can you narrow that down? I guess, where are you in the release of GPT-5?
We take our time on releases of major games. New models, and I don't think we I think it will be great When we do it, and I think we'll be thoughtful about how we do it Like we may release it in a different way than we've released previous models Also, I don't even know if we'll call it GPT-5 What I what I will say is you know a lot of people have noticed how much better GPT-4 has gotten Since we've released it and particularly over the last few months. I think I I think that's a better hint of what the world looks like, where it's not the one, two, three, four, five, six, seven, but you use an AI system and the whole system just gets better and better fairly continuously. I think that's both a better technological direction, I think that's easier for society to adapt to. But I assume that's where we'll head.
Does that mean that there's not going to be long training cycles and it's continuously retraining or training submodels, Sam? And maybe you could just speak to us about what might change architecturally going forward with respect to large models.
Well, I mean, one thing that you could imagine is just that you keep training a model. That would seem like a reasonable thing to me.
And we talked about releasing it differently this time. Are you thinking maybe releasing it to the paid users first or a slower rollout to get the red teams tight since now there's so much at stake? You have so many customers actually paying and you've got everybody watching everything you do. You have to be more thoughtful now, yeah?
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