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Musk-led group makes $97B bid for control of OpenAI

reuters.com

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Re: Musk-led group makes $97B bid for control of OpenAI

#111

Post by tyre »

bpodgursky wrote: post #107
tyre wrote: post #98

Earlier quoted context omitted.

Given musk’s history (“funding secured” to take Tesla private; trying to back out of buying twitter), OpenAI can make a reasonable case that he’s full of shit and it’s not a real offer.

He tried to claw back Twitter because tech stocks tanked, but he did have the funding to make the purchase (obviously). I don't think this is a good example. Besides, this is a real consortium, not a oneoff Tweet.

Considering an offer in relation to a valuation includes how likely the deal is to go through. That Elon has tried to pull out of a major purchase in bad faith definitely factors in.

That doesn’t make the offer worth $0, but it’s not $97.4bn

Re: Musk-led group makes $97B bid for control of OpenAI

#112

Post by minimaxir »

typs wrote: post #78
averageRoyalty wrote: post #34

With first mover advantage disappearing for OpenAI and very good alternatives appearing, one wonders how long they can sustain a multi billion dollar per year loss[0]. The launch of ChatGPT was earth shaking, but what have they done since that impacts or excites the average consumer? Does their revenue even come from the average consumer, or primarily from API users that will lift and shift to a viable competitor? I…

ChatGPT is an extremely successful consumer product. Looking at Search traffic alone indicates they clearly have large brand value. Usage doesn't just depend on just benchmarks for most consumers.

There's large brand value, and then there's $300B brand value.

Without a moat, it's hard to argue OpenAI's value is that high.

Re: Musk-led group makes $97B bid for control of OpenAI

#113

Post by regularjack »

stronglikedan wrote: post #32
wilg wrote: post #25

Earlier quoted context omitted.

he's certainly becoming a single point of failure

really? I'm curious to know what he's failed at. Seems like he's making all the right moves lately.

Getting teenagers to siphon your data is definitely a right move in my book

Re: Musk-led group makes $97B bid for control of OpenAI

#114

Post by Vecr »

mrtksn wrote: post #86
abtinf wrote: post #75

Earlier quoted context omitted.

> It's actually pretty cool to have everything concentrated, makes it solvable in a single shot. This kind of language has no place in civil society.

I don't mean literal shooting, obviously. How would you say it in a woke and politically correct way that wouldn't offend anybody? I couldn't find a better phrase, wasn't even a pun. Apologies.

It's highly optimistic that you didn't mean that. Technically, according to the guidelines, I'm supposed to believe you.

Elon is overrated. If Elon disappeared, things would be very similar.

Re: Musk-led group makes $97B bid for control of OpenAI

#116

Post by SiempreViernes »

Trasmatta wrote: post #100
lastofthemojito wrote: post #96

Earlier quoted context omitted.

There's certainly a part of me that wonders if Altman incorrectly assumes last year's rules still apply, when in fact he just ensured retribution from the man who counts all three branches of the United States government as his underlings.

Well, I certainly hope people like sama are still willing to push back, and don't just bend the knee immediately to President Musk. Surely there's at least one or two people out there in Silicon Valley that still have a backbone.

It's a sad state of affairs when the hope is that Elon's illegal ravaging is stopped by Sam Altman.

Re: Musk-led group makes $97B bid for control of OpenAI

#118

Post by tryptophan »

alpha_squared wrote: post #102

It feels like Musk is single-handedly making a great case for why unlimited accumulation of wealth is a bad idea. It's pretty colorful language, but my mind immediately jumps to "financial terrorist". He's using his enormous amount of wealth and influence as a weapon to bludgeon anyone and anything in his way.

I typically like Elon about 70% of the time, but I need to agree here. I don't quite understand how he suddenly got so much influence.

Re: Musk-led group makes $97B bid for control of OpenAI

#119

Post by wilg »

gtsop wrote: post #97
wilg wrote: post #73

Earlier quoted context omitted.

what? he's making terrible moves. violating the consitution, mainly. illegally hacking and slashing the federal government without any idea what he's doing, what he's cutting, providing any clear or sensible or accurate reason why, supporting and echoing nazis and white nationalists. i mean he's now the #2 villain to the half of the country with a moral compass. i miss when it was fun to talk about how cool a tesla w…

Terrible for who? Maybe for you (or me), seems to be working out quite great for him.

i mean maybe? he's good at burning bridges and getting away with it. but i gotta think its not gonna help his companies

Re: Musk-led group makes $97B bid for control of OpenAI

#120

Post by dialup_sounds »

stronglikedan wrote: post #32
wilg wrote: post #25

Earlier quoted context omitted.

he's certainly becoming a single point of failure

really? I'm curious to know what he's failed at. Seems like he's making all the right moves lately.

Indeed, it's hard to imagine how he could move any more to the right.
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