Impact of AI

The cost of GPT4 quality results has declined by more than 99% in the last two years. GPT-4 launched in March 2023 at $36 per million tokens. Today, China’s DeepSeek offers similar performance for $0.14, or 250 times cheaper

We are now confident we know how to build AGI as we have traditionally understood it. We believe that, in 2025, we may see the first AI agents “join the workforce” and materially change the output of companies. We continue to believe that iteratively putting great tools in the hands of people leads to great, broadly-distributed outcomes.

We are begi... See more

There is a lot of talk that AI is going to be able to do everything that humans can, better, and soon. That there will be nothing left for us to do. That is not how this works. This is a strategy memo for humans. https://t.co/kJXhfd9hbE

Many of the jobs we do today would have looked like trifling wastes of time to people a few hundred years ago, but nobody is looking back at the past, wishing they were a lamplighter. If a lamplighter could see the world today, he would think the prosperity all around him was unimaginable. And if we could fast-forward a hundred years from today, th... See more