alt Hacker NewsEveryone appears surprised by this news. It’s clear that they don’t have a product with some incredible moat. But they clearly have good engineering and product people that came up with a product people wanted. On top of that they have very strong marketing muscle that took the AI world by storm. And as far as I’ve seen, they still lead in some part of the latency-quality (-cost) curve?
They may well be a good team to throw money behind if you are hoping to bet on a new AI lab.
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They don't lead on latency nor quality; but their execution was superb
The model itself is a negligible part of the valuation. The company is priced as an acquisition target.
This is all due to 40% marketing, 50% execution and 10% credentials (with the founders being associated with creating ChatGPT).
If anyone else came up with the same concept on a Reddit thread (they have) it no-one would care without those characteristics even if you are "first".
Rebranding, execution, marketing, ex-<big_name_company> and mostly importantly, hype is what gets the investors scrambling into throwing money at you.
Wonder if they can get coin flips and dice rolls to make sense with this fresh funding, or if it even matters to people.
I have no faith in the technique if it cannot do the basics (i.e. not real probabilities, the confidence for coin flip outcomes)
tried it a couple of days ago here: https://jevplayground.com
the "not real probability" disclaimer only appears after you get a result
> people that came up with a product people wanted
We've yet to see whether this is true, or is it just manufactured demand. There are dozens of Jev demos, but pretty much all of them are either cool but useless, or simply fake (i.e. harness doing 99% of the work).