The Perfect AI Startup
Also hedge fund agents, football predictions, the EA buyout, Jimmy Kimmel and Drake.
If you run a big artificial intelligence lab in 2025, your company has two important sources of value:
The second point is not entirely satisfying. The AI researchers are worth buckets of money because they could be put to work building AI things, which will then make a gajillion dollars. The first point is the theoretically valid one: You have organized resources to do a risky project whose expected future cash flows are large. Those resources include AI researchers. If your project succeeds, the AI researchers will create billions of dollars of value for your company. If it fails, they will move on to another company that can make better use of them. Their value to you in that case will be approximately zero. California does not enforce non-competes.