81–90 of 248 posts
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Imagine if Elon's companies sourced from each other. The travesty! I see nothing wrong here.
You don't think that's at least a bit of an apples to oranges comparison?
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I tried to find estimates of Sam's net worth and found estimates from 250-700 million usd. However, it seems that most of his net worth is bound up in equity in private companies and startups[1]. 1 million usd could be a very substantial part of his liquid net worth. [1] https://www.thestreet.com/investors/sam-altman-net-worth-how...
For anyone who’s been in the high level SF tech scene for >15 years, $1M is not a substantial part of their liquid net worth. Certainly not for anyone who was in PGs inner circle 15 years ago.
Also, depending how early he was, he could own significantly more than 5%.
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You don't know that for a fact, you're speculating
The firing was about "Altman not being honest with the board." Since then, journalists have talked to both sides on and off the record and confirmed that the only reason for firing was distrust for Altman's honesty. Altman's history seems to match. https://www.washingtonpost.com/technology/2023/11/22/sam-alt... >Four years ago, one of Altman’s mentors, Y Combinator founder Paul Graham, flew from the United Kingdom to…
[1] https://x.com/geoffreyirving/status/1726754277618491416?s=20
If the article is based on facts then... is this not an example of corruption?
We called it 'tunneling' during 90s in my Eastern-European homeland. Like digging secret tunnel in one company where you have influence and transfer it's wealth into other company that you own.
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Who can forget "the orb", altman seems like a complete clown who lucked into the holy grail that is openai: https://fortune.com/crypto/2023/03/21/sam-altman-orb-scan-ey...
> The orb isn’t a perfect sphere but two halves that come together at an angle that matches the orbit of the Earth Can't tell if this is meaningless, the reporter just failed to convey its actual meaning, or I am too dumb to understand
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You're directly or indirectly making sure the company you've invested in will get boosted if you as CEO owns a stake. Therefore it's a conflict of interest - what if that particular company is only the second best to deal with? Either you as CEO or any middle-manager under you will probably give it some bonus points and it will end up getting the deal, news outlets will write about it, etc etc. At the very least you…
If you are on the board of directors, and also invest in the local power company, is it a conflict of interest if the company pays for power from the local utility? Again, not a lawyer, but I think there is a legal difference between the appearance of conflict of interest, and an actual conflict.
This kind of stuff is the reason why Altman was fired. The board lost trust for his honesty from many small things that kept accumulating. Altman is back on condition that there is a investigation.
Imagine if Elon's companies sourced from each other. The travesty! I see nothing wrong here.
This kind of stuff is the reason why Altman was fired. The board lost trust for his honesty from many small things that kept accumulating. Altman is back on condition that there is a investigation.
Saying that you are not in it for the money is becoming like a fashion statement. What’s wrong in saying that you’re in it for both money and passion?
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Does anyone actually believe Altman has no financial incentive in his OpenAI work?
Bill Gates has been pledging to give away all his money for the last 20 years.. :-) In 2008: "Bill Gates pledges to leave his £30billion fortune to charity... rather than his children" - https://www.dailymail.co.uk/news/article-1027878/Bill-Gates-... In 2022: "Bill Gates pledges to donate ‘virtually all’ of $113bn fortune to his foundation" - https://www.theguardian.com/us-news/2022/jul/15/bill-gates-b... In the mean…