Comment by ninetyninenine

Comment by ninetyninenine 3 days ago

Giving 1.5 million salary is nothing for these people.

It shouldn’t be mind boggling. They see revolutionary technology that has potential to change the world and is changing the world already. Making a gamble like that is worth it because losing is trivial compared to the upside of success.

You are where you are and not where they are because your mind is boggled by winning strategies that are designed to arrive at success through losing and dancing around the risk of losing.

Obviously mark is where he is also because of luck. But he’s not an idiot and clearly it’s not all luck.

epolanski 3 days ago

But how is it worth for meta, since they won't really monetize it.

At least the others can kinda bundle it as a service.

After spending tens of billions in AI how has it impacted a single dollar on meta's revenue?

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amalcon 2 days ago

The not-so-secret is that the "killer apps" for deep neural networks are not LLMs or diffusion models. Those are very useful, but the most valuable applications in this space are content recommendation and ad targeting. It's obvious how Meta can use those things.
The genAI stuff is likely part talent play (bring in good people with the hot field and they'll help with the boring one), part R&D play (innovations in genAI are frequently applicable to ad targeting), and part moonshot (if it really does pan out in the way boosters seem to think, monetization won't really be a problem).

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ninetyninenine 3 days ago

>But how is it worth for meta, since they won't really monetize it.
Meta needs growth as there main platform is slowing down. To move forward they need to gamble on potential growth. VR was a gamble. They bombed that one. This is another gamble.
They're not stupid. Like all the risks you're aware of, they're also aware of. They were aware of the risks for VR too. They need to find a new high growth niche. Gambling on something with even a 40% chance of exploding into success is a good bet for them given there massive resources.

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anshumankmr 2 days ago

Isn't Meta doing some limited rollout of Llama as an API? Still I haven't got my hands on it so I cannot say for sure whether it is currently paid or not, but that can drive some revenue.

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