Maybe if musk continues to be shown he’s a wholly immoral person and a net negative for society he’ll get so fed up he’ll take his ball and hop on his space ship and yeet himself onto the surface of mars. One can hope.
Elon Musk has lost his lawsuit against Sam Altman and OpenAI
351–360 of 642 posts
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#352Because no one has commented yet on the legal significance: Musk lost today because the jury found that he waited too long to bring his claims. The jury answers only yes/no questions, so we do not know their exact thoughts, but it is likely they determined that the 2019 and 2021 Microsoft deals were too similar to the 2023 Microsoft deal that was the centerpiece of Musk’s lawsuit. Musk could have brought the same law…
It’s quite an odd ruling given that OpenAI completed its for profit “conversion” last fall.
It seems the biggest value loss to the nonprofit was in this conversion, not in the initial for profit subsidiary creation giving investors capped profit shares.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#353Earlier quoted context omitted.
Need standing to claim theft, need to be within statue of limitations. It's not theft unless a jury says it is, they didn't say it is.
Every AI model swallowing the entire world of digital and physical data to then be resold back to the people will forever be the biggest heist ever pulled off in our lifetime. I’m shocked how little it gets talked about, and how convenient it is that many of these companies lost or burned their paper trails
1. No if anything, the idea that works cant be built using other products without the express permission of the original author would be the greater heist.
2. This has nothing to do with the case which was just Musk trying to punish his competitor.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#354Earlier quoted context omitted.
Musk should have just made another company and then he’d have another 500 billion but he had that mistake and now it’s over. Then again we’ll see how well open ai does over the long term
I sometimes wonder, what does one need a second 500 billion that the first 500 billion is not enough for?
Interestingly, during the trial he promised to donate any potential financial winnings to OpenAI's charity.
A move that surprisingly didn't get much press.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#355Earlier quoted context omitted.
Why did he need a second 250 billion after the first 250 billion? Makes me think of a inverted Zeno's paradox. Why do you need an extra dollar? I can answer for myself: New Zealand plans to tax the shit out of anyone that has more[A]. You need a fukton more than median wealth to be able to protect yourself against your own government. The type of person that enjoys chasing money doesn't stop. [A] via capital gains ta…
> I can answer for myself: New Zealand plans to tax the shit out of anyone that has more[A]. New Zeeland is an outlier in that it doesn't have capital gains tax. Its not the end of the world to have captial gains tax.
CGT is fine.
I wasn't trolling, but I have unfortunately deviated from the topic.
What isn't fine is my belief that I'm going to be rug-pulled by my government. From multiple sources I believe New Zealand will tax most savings to smithereens. The lie is that I should save for retirement; when any savings will be taken from me over time via a variety of mechanisms including taxes.
Both our Labour (leftish) and National parties will screw me.
The underlying issue is that our demographics leave little choice to the government. The majority of voters are naturally happy to take everything from everyone who has more than them. Voters are selfish.
Attacking the successful is called the tall-poppy syndrome down here. https://en.wikipedia.org/wiki/Tall_poppy_syndrome (I'm nowhere near successful enough for much backlash - but I do fear it).
I was trying to make a argument based on marginal economics. NZ should be encouraging me to increase my income from export earnings: instead it drastically discourages me. I helped found a startup, so I deeply understand the multiple ways our government discourages us from earning export income. My marginal utility from an extra dollar is already drastically diminished because I already have enough to enjoy my life. The >40% taxation on top (incl GST) reduces my motivation to earn money for NZ to nearly zero. I am not a money chaser and I dislike investing.
After some threshold, money as a marginal value becomes meaningless because other non-monetary factors like politics dominate. It seems like nobody cares how much society profits from you - they only care about their own selfish goals.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#356Aside from the disagreements between these parties, what about the precedent of running a non-profit, and then transferring all IP to a for profit when it’s convenient to do so? I wonder if the government or taxpayers have a case to bring regarding that.
This case sets no precedent one way or the other on that question. The IP was transferred to the for-profit for fair value in 2019, and Musk never argued otherwise in this case. The attorneys general of California and Delaware could challenge that 2019 IP transfer if they so wished on behalf of the public.
Which they are unlikely to do because the California AG signed off on the original IP transfer agreement…
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#357The lawsuit side, genuinely asking, how does the for-profit under non-profit setup work? What are the respective roles? Is the combination effectively a non-profit still? Or is this some kind of legal loophole to make profits under a non-profit?
I used to work for one. Probably not that similar, as one was a PBI. But one entity paid and billed back to the other. It was interesting to see how the way the 2 entities spent money differently.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#358Earlier quoted context omitted.
Musk should have just made another company and then he’d have another 500 billion but he had that mistake and now it’s over. Then again we’ll see how well open ai does over the long term
I sometimes wonder, what does one need a second 500 billion that the first 500 billion is not enough for?
Every not in your pocket is in someone else’s. Greedy narcissists can’t stand that, they need to have it all. They don’t need the extra 500 billion to spend it, they need it so the number goes up. They need to be number one. At everything. Remember when Musk lied about being one of the top players for some difficult video game, then it turned out he was paying someone else to play for him? It’s just an ego thing, which I agree is baffling.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#359Aside from the disagreements between these parties, what about the precedent of running a non-profit, and then transferring all IP to a for profit when it’s convenient to do so? I wonder if the government or taxpayers have a case to bring regarding that.
Or a self dealing conversion.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#360Earlier quoted context omitted.
I sometimes wonder, what does one need a second 500 billion that the first 500 billion is not enough for?
Interestingly, during the trial he promised to donate any potential financial winnings to OpenAI's charity. A move that surprisingly didn't get much press.
Elon Musk promises a lot of things that never come to fruition.