451–460 of 1001 posts
First Windsurf and now this. OpenAI is spending billions like there's nothing else to use this money for while being seemingly cash strapped for model training since they already signaled more investment rounds would be needed to remain competitive. They're trying to become too big to fail before they have a moat which won't work well.
Clearly foundation models don’t make money or a viable business on their own
What the other commenters are forgetting is that this is the same Sam Altman who planned and executed the extraction of Reddit from Condé Nast. This acquisition (and the Windsurf acquisition) are all-stock deals, which have the added benefit of reducing the control the nonprofit entity has over the for profit OpenAI entity. How do you extract the for profit entity out of the hands of a nonprofit? - Step 1: you have c…
Earlier quoted context omitted.
From the article 5 billion of the payment is equity in OpenAI. So they aren't spending cash
This still means 1.5B were paid in cash for a company from what I understood has neither clients nor even a product. Not exactly pocket money.
I don't understand all the pessimism and incredulity about the valuation. This is an acquisition to take on and disrupt Apple. Ives + Altman is perceived as a viable successor to the Ives + Jobs partnership that made Apple successful. Apple is weak and doesn't seem capable of innovating anymore, nor do they seem to understand how to build AI into products. There's an opportunity to build an Apple-sized hardware weara…
What the other commenters are forgetting is that this is the same Sam Altman who planned and executed the extraction of Reddit from Condé Nast. This acquisition (and the Windsurf acquisition) are all-stock deals, which have the added benefit of reducing the control the nonprofit entity has over the for profit OpenAI entity. How do you extract the for profit entity out of the hands of a nonprofit? - Step 1: you have c…
That is interesting given that reddit has gone from a cultural powerhouse to something most people talk about shamefully, if at all.
Earlier quoted context omitted.
That is interesting given that reddit has gone from a cultural powerhouse to something most people talk about shamefully, if at all.
The only people I’ve ever known who actually thought Reddit ever really mattered was people in the HN sphere. Anecdata, but still. In terms of value per minute spent, it’s the same tier of slop as TikTok or Instagram, and I think most ordinary people hold that same view.
What the other commenters are forgetting is that this is the same Sam Altman who planned and executed the extraction of Reddit from Condé Nast. This acquisition (and the Windsurf acquisition) are all-stock deals, which have the added benefit of reducing the control the nonprofit entity has over the for profit OpenAI entity. How do you extract the for profit entity out of the hands of a nonprofit? - Step 1: you have c…
Relevant thread where Sam acknowledges the plan.
https://old.reddit.com/r/AskReddit/comments/3cs78i/whats_the...
And everyone cringed.
Earlier quoted context omitted.
While Sam is being egotistic, the reverence of Jobs to the point nobody is even allowed to assume how he would have thought is also weird imho.
I'm certainly not saying that "nobody is even allowed to assume how he would have thought". What I'm saying actually has very little to do with Jobs at all. I'm saying that as a new partner to someone, it's extremely weird to say that your old dead partner would be extremely proud you teamed up with me. If I were to marry a woman who lost her husband, it would be extremely weird and egotistical for me to tell people…
Perfect example. That is exactly what it feels like. What a nasty thing for him to even think, and he goes and says it publicly.
Earlier quoted context omitted.
That is interesting given that reddit has gone from a cultural powerhouse to something most people talk about shamefully, if at all.
The only people I’ve ever known who actually thought Reddit ever really mattered was people in the HN sphere. Anecdata, but still. In terms of value per minute spent, it’s the same tier of slop as TikTok or Instagram, and I think most ordinary people hold that same view.