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OpenAI ‘in early talks to give 5% stake to US government’

theguardian.com

101–110 of 158 posts

Re: OpenAI ‘in early talks to give 5% stake to US government’

#101

Earlier quoted context omitted.

I assume that’s why Altman wants the government as a co-owner.

Not to mention that a government ownership stake also incentivizes a bailout if this all goes bust.

With the way they're treading on, I'd not be surprised if a bailout happens in the next decade.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#102
post #21

This feels a bit off.. How is the government supposed to be able to regulate them impartially when they're literally invested in them. What if a competitive startup startup starts to really take away from OpenAi's profits and then all of a sudden requires some approval for merger with Anthropic for example, I don't know if I would trust the government to be fair in their decision here. Leaving aside the potential for…

Wouldn’t the solution to that be for the government to also demand a 5% stake in every AI company? Along the lines of what Sanders wants to do?

Re: OpenAI ‘in early talks to give 5% stake to US government’

#103

Earlier quoted context omitted.

I assume that’s why Altman wants the government as a co-owner.

Not to mention that a government ownership stake also incentivizes a bailout if this all goes bust.

A 5% stake in an overvalued private company without public financials and with an indeterminate timeline to profitability is a bailout. Shareholders cash out while the taxpayer is stuck with the bill.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#104

Earlier quoted context omitted.

I assume that’s why Altman wants the government as a co-owner.

Not to mention that a government ownership stake also incentivizes a bailout if this all goes bust.

"Too big to fail."

Re: OpenAI ‘in early talks to give 5% stake to US government’

#106
We may not see it yet, but, this is a way to capture government and use that to suppress competition and any dissent.

The moment the government owns equity, every regulatory decision becomes conflicted. The top 3-4 AI companies in whic the givernment owns equity, will become too politically entangled to fail or to let fail or be meaningfully competed against, or "allowed" to be competed against.

This will also lead to drasitc increase in surveillance state since givernment will now have a fudiciary, and "political" duty to increase dividends, "for citizens". One way to do that will be to purchase large amounts of surveillance equipment and tech disguised as "safety".

Any public dissent can now be indirectly suppressed by threatening with a perceived decrease in dividends or value of the sovereign wealth fund, thus, affecting healthcare, and other public expenditure.

This also sets a very bad precedent for other governments to follow. This will end up with givernments of major nations to act in similar fashion, thus, expanding this dystopian setup further.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#107
post #48

I may be naïve or completely uninformed, but given the federal government’s vast resources, including supercomputers, national laboratories, the NSA, and many talented employees, why does the federal government need OpenAI or Anthropic for that matter when it has the resources to build its own LLM, even one exclusive for government use? The federal government has a long history of technical feats, such as the atomic…

All of these examples are Cold War era or before, when defense and aerospace was a much more collectivist venture with far less private sector involvement.

After the Cold War, McKinsey and big 4 consultancies are working in every part of government, ostensibly to make government as efficient as the private sector. The NSA's surveillance program wouldn't have seen the light of day had Booz Allen not had a contract with them.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#108
post #34

Earlier quoted context omitted.

I assume that’s why Altman wants the government as a co-owner.

Everything seems rotten with this administration.

Wasn't Bernie saying the government should confiscate half of OpenAI and Anthropic. This seems like sama is just trying to get ahead of it.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#109
This is just a way to keep the AI bubble going. The American people will not benefit from having a "stake" in AI companies. Doing so will serve only to expand the amount of capital available to AI companies for them to waste on a technology that will never live up to expectations. The US govt taking a "stake" in OpenAI and its competitors will only grant those organizations more power to further misallocate the nation's capital for their own enrichment. Instead of taking a stake, the US govt should use copyright and antitrust law to dismantle these companies and their backers in big tech, and shut this wasteful Ponzi scheme down, so that AI can find a role in the economy that suits its actual capabilities.

Re: OpenAI ‘in early talks to give 5% stake to US government’

#110

Earlier quoted context omitted.

Russian Oligarchy is actually the best comparison there is.

There's a huge difference between being shaken down highway robbery style "versus" pre-emptively paying the toll in advance for safe passage. I guess. It may not be obvious but isn't one unethical and the other not so much? For some operators they may highly prefer circumstances where it's impossible to tell the difference though.

> There's a huge difference between being shaken down highway robbery style "versus" pre-emptively paying the toll in advance for safe passage.

We've seen the shakedown of Anthropic out in the open. It's reasonable to assume that Sam Altman has seen it as well.

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