Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
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Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#2Full headline: Redditors from r/wallstreetbets Call Attention to Possibility that an SEC Investigation of OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella May Soon be Filed
WSB is one of the few things that has been missing from this species defining drama, so I am happy that this oversight has been rectified.
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#3Full headline: Redditors from r/wallstreetbets Call Attention to Possibility that an SEC Investigation of OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella May Soon be Filed WSB is one of the few things that has been missing from this species defining drama, so I am happy that this oversight has been rectified.
yolo
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#4 >The notorious subreddit r/wallstreetbets ... has picked up on a discussion from the computer programming & tech news forum Hacker News, wherein users of the latter website are speculating...
https://old.reddit.com/r/wallstreetbets/comments/181ts9a/wil...
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#5So to be clear, There is no evidence that the SEC takes this seriously at all or is anywhere near conducting an investigation. That’s just what redditors hope will happen, but the reasoning doesn’t seem very strong.
Given the value of Microsoft’s investment in open AI, and given the fact that the value of open AI lies in the employees capable of delivering the technology Microsoft gets from them, it is absolutely rational for Nadella to offer all of them jobs in the event they leave open AI for whatever reason, no “favor trading“ required.
Benioff of salesforce and the CEO of Nvidia were also very publicly offering those same people jobs with no interview. Are they guilty of “favor trading“ too? Or can we just accept that everybody in Silicon Valley wants to hire Altman and his people?
My guess is some people on WallStreetbets are just trying to short Microsoft stock, and they’re hoping if they talk this talk they’ll get the ball rolling on a drop in their share price.
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#6Is this written by AI? I don’t see a journalist byline maybe I’m missing it?
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#7>The notorious subreddit r/wallstreetbets ... has picked up on a discussion from the computer programming & tech news forum Hacker News, wherein users of the latter website are speculating... And so it comes full circle. Hype-o-genesis is complete (see https://xkcd.com/978/ ). https://old.reddit.com/r/wallstreetbets/comments/181ts9a/wil... https://news.ycombinator.com/item?id=38387518#38387572
Previously discussed:
Show HN: Recursive LLM Prompts
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#8So to be clear, There is no evidence that the SEC takes this seriously at all or is anywhere near conducting an investigation. That’s just what redditors hope will happen, but the reasoning doesn’t seem very strong. Given the value of Microsoft’s investment in open AI, and given the fact that the value of open AI lies in the employees capable of delivering the technology Microsoft gets from them, it is absolutely rat…
> Benioff of salesforce and the CEO of Nvidia were also very publicly offering those same people jobs with no interview.
This fact alone will get any SEC actions thrown out (unless someone can show Nvidia, Salesforce and Microsoft were all in on it).
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#9So to be clear, There is no evidence that the SEC takes this seriously at all or is anywhere near conducting an investigation. That’s just what redditors hope will happen, but the reasoning doesn’t seem very strong. Given the value of Microsoft’s investment in open AI, and given the fact that the value of open AI lies in the employees capable of delivering the technology Microsoft gets from them, it is absolutely rat…
> My guess is some people on WallStreetbets are just trying to short Microsoft stock, and they’re hoping if they talk this talk they’ll get the ball rolling on a drop in their share price.
This seems as likely as any other explanation. I posted the story not to further that cause, but because this all feels like a terrible joke and I am having a hard time taking the world seriously at this point.
Re: Possibility That an SEC Investigation of Altman and Nadella May Soon Be Filed
#10How could he possibly have known that these actions would create anthropic? CEOs do not know everything, of course competitors are gonna pop up...