Even a simple start up with some expert systems and a good knowledge base could possible start to predict economics of markets, which could be capitalized on to cover further development cost. Once the accuracy of the predictions become above a certain point then you will have many investors...
Cost is hardware and software... All businesses are made up of the 4 M'S Money, Materials, Manpower and Mythology... Then its managements job to organize, plan and control... But even that could be taken over by the Seed AI program at some point... Don't you think? --Dan G ---------------------------------------------------- >From : J.Andrew Rogers <[EMAIL PROTECTED]> To : agi@v2.listbox.com Subject : Re: [agi] an AGI by Minsky and Singh Date : Sat, 11 Jun 2005 21:53:12 -0700 > On Jun 11, 2005, at 5:54 PM, Danny G. Goe wrote: > > What is the estimated cost of Seed AI? > > > How do you want to define "cost"? Initial capital investment? Total > capital outlay at some arbitrary point in time? The parameters for > "cost" are not simple even for a vanilla startup. > > If a someone actually knows what they are doing to the extent that they > can guarantee interesting results at the time of funding i.e. not > chasing yet another random hypothesis, the cost for "seed AI" should > not be more than on the order of USD$5 million in my opinion. If it > costs more than that, then one does not understand the problem as well > as one thinks they do. Most AI ventures can't raise money because most > AI ventures, in short, are weak and simply suck. > > And if you can't raise $5M, there is something wrong with either the > person/people or the idea as presented. Even in the darkest days of > the bust, a really solid idea could *still* raise a million or two. A > late-stage project (the only type that should be funded) could do just > fine on a couple million, since it would be outcome directed spending. > By venture capital standards, the total capital requirements are > paltry, even for my own startup. (I still marvel at how software > companies manage to blow through tens of millions of dollars with > nothing to show for it -- nothing in the software world requires that > much implementation capital if you know what you are doing.) > > cheers, > > j. andrew rogers > > > ------- > To unsubscribe, change your address, or temporarily deactivate your subscription, > please go to http://v2.listbox.com/member/[EMAIL PROTECTED] ------- To unsubscribe, change your address, or temporarily deactivate your subscription, please go to http://v2.listbox.com/member/[EMAIL PROTECTED]
