www.governance.fyi/p/marc-andreessen-is-right-that-ai
2 corrections found
The OpenAI API, a prerequisite for building any custom application, only launched on March 1, 2023.
This is incorrect: OpenAI had already launched its API in June 2020. March 1, 2023 was the launch of the GPT-3.5 Turbo/"ChatGPT" API, not the first OpenAI API.
Full reasoning
OpenAI publicly announced "OpenAI API" on June 11, 2020, saying: "We’re releasing an API for accessing new AI models developed by OpenAI." That directly contradicts the article’s claim that the OpenAI API "only launched on March 1, 2023."
What did happen in March 2023 was narrower: OpenAI announced that ChatGPT and Whisper models were now available on its API, i.e. the launch of the GPT-3.5 Turbo / "ChatGPT" API endpoint. So the article appears to conflate the launch of a specific ChatGPT-era API offering with the launch of the OpenAI API itself.
That distinction matters to the article’s timeline argument, because companies and developers had access to OpenAI’s API years before March 2023.
2 sources
- OpenAI API | OpenAI
June 11, 2020 ... "We’re releasing an API for accessing new AI models developed by OpenAI."
- Introducing APIs for GPT-3.5 Turbo and Whisper | OpenAI
Developers can now integrate GPT-3.5 Turbo and Whisper models into their apps and products through our API.
About 60 percent of the wage growth in the first decade of a career comes not from raises within a firm but from moving between firms toward better-paying employers.
This overstates the role of job switching in early-career wage growth. Sources discussing Topel and Ward put the figure at roughly one-third, not 60 percent.
Full reasoning
The article says "About 60 percent" of first-decade wage growth comes from moving between firms. That does not match the research it is invoking.
A St. Louis Fed summary of Topel and Ward states that they "attributed one-third of all early career earnings growth to job changes." A separate labor-economics paper summarizing Topel and Ward says they found wage increases from moving to new employers account for "more than one third of the wage growth during the first decade" of working life for the sample they studied.
So while job-to-job mobility is indeed important, the cited literature supports a figure around one-third, not 60 percent.
2 sources
- Nearly Half of Job Switchers End Up Earning Less | Federal Reserve Bank of St. Louis
Robert Topel and Michael Ward attributed one-third of all early career earnings growth to job changes.
- Within- and Cross-firm Mobility and Earnings Growth | Industrial and Labor Relations Review
Topel and Ward (1992) find that the wage increases employees experience when moving to new employers account for more than one third of the wage growth during the first decade of the working life of white men in the U.S.