Reactions from ranked influencers
2 posts
Chamath: Tokenmaxxing on the top frontier models is “a bridge to nowhere” and a “money-burning furnace” @chamath reacting to Ramp CEO @eglyman on @CNBC saying: -- Avg. token spend on @tryramp increased 21x over the last 12 months -- So, the team built a tool for customers to track it “He's saying something so important there, because if your engineers are going off randomly in an unguided system and then just ripping through a million tokens at $56, what he's talking about is the eventual downstream impact to earnings. And that eventually, a bunch of these public market CFOs are gonna show up to Wall Street and they will have missed earnings because their OpEx, at some point, if things are 21x-ing every few months, somebody's going to miss a quarter. Eric would not have released this Ramp product unless CFOs were like, ‘I can't control the spend.’ And then he's like, ‘Well, here, let me build it for you.’ And then, if enough CFOs essentially turn that feature on and start to rate limit how it's spent, because maybe they're not getting the ROI, and the engineer doesn't care about ROI. The engineer's like, ‘I want to use the latest, greatest model.’ And maybe you don't need it. Maybe Mira's right, and for 95% of the tasks you should be at one level lower, especially when it costs 1/100th of the cost. Unless you get a control of this and you can directly say how much money you're making, this is a bridge to nowhere. It is a money-burning furnace.”
Yup
Chamath: Tokenmaxxing on the top frontier models is “a bridge to nowhere” and a “money-burning furnace” @chamath reacting to Ramp CEO @eglyman on @CNBC saying: -- Avg. token spend on @tryramp increased 21x over the last 12 months -- So, the team built a tool for customers to track it “He's saying something so important there, because if your engineers are going off randomly in an unguided system and then just ripping through a million tokens at $56, what he's talking about is the eventual downstream impact to earnings. And that eventually, a bunch of these public market CFOs are gonna show up to Wall Street and they will have missed earnings because their OpEx, at some point, if things are 21x-ing every few months, somebody's going to miss a quarter. Eric would not have released this Ramp product unless CFOs were like, ‘I can't control the spend.’ And then he's like, ‘Well, here, let me build it for you.’ And then, if enough CFOs essentially turn that feature on and start to rate limit how it's spent, because maybe they're not getting the ROI, and the engineer doesn't care about ROI. The engineer's like, ‘I want to use the latest, greatest model.’ And maybe you don't need it. Maybe Mira's right, and for 95% of the tasks you should be at one level lower, especially when it costs 1/100th of the cost. Unless you get a control of this and you can directly say how much money you're making, this is a bridge to nowhere. It is a money-burning furnace.”