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Money Talks from The Economist

Money Talks: Play it again, Sam Altman

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 23 November 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

In five days OpenAI’s boss was fired by its board; hired by Microsoft, the startup’s biggest investor; and returned to his post at OpenAI. Yet things cannot be as they were: the shuffle will have consequences for the darling of the artificial-intelligence community and for the industry as a whole.

Hosts: Tom Lee-Devlin, Alice Fulwood and Mike Bird. Guests: Benedict Evans, a technology analyst and former venture capitalist, and The Economist’s Arjun Ramani and Ludwig Siegele.

Sign up for a free trial of Economist Podcasts+. If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.




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Transcript

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0:00.0

You're listening to a free episode of Money Talks.

0:03.4

To listen every week, you'll need to be a subscriber.

0:06.8

To sign up, click the link in the show notes or search online

0:10.3

for Economist Podcasts Plus. This is a passenger announcement.

0:19.0

You can now book your train on Uber and get 10% back in credits to spend on Uber eats so you can order

0:26.5

your own fries instead of eating everyone else's.

0:31.8

Trains now on Uber.

0:33.0

Tees and C's apply.

0:34.0

Check the Uber app. The Economist. Sam Oldman was always fascinated with computers.

0:51.0

At the age of eight, he learned to code and take apart a Macintosh

0:56.0

computer, paving the way for him to study computer science at Stanford University.

1:01.4

There he developed a mobile app with two classmates and after two

1:08.6

years he dropped out to work on it full-time. The, Loopped, shared users locations with their friends.

1:16.0

It was part of the first group of eight companies at Start-Up Accelerator

1:21.0

Y-Combinator, which has a knack for creating unicorns.

1:25.4

Looped was sold for $43 million in 2012 and after a stint running his own venture

1:32.1

fund Sam was chosen by Y-combinator's founder as his successor.

1:37.0

This was 2014, and Sam was 28 years old.

1:47.3

The following year Sam got together with Elon Musk to co-found a non-profit company called Open AI. Its aim was to develop cutting-edge artificial intelligence while ensuring that the technology

1:58.5

wasn't cataclysmic for humanity.

2:01.3

We sit there all day and stress about what this means for sort of the

2:06.8

continuation of humanity and how we want to design a structure where the world

...

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