Earlier quoted context omitted.
I don't like petty internet arguments, I can't help appreciate him referring to it as Twitter.
I only call it Twitter because I’m not gonna say “X” it just sounds stupid.
i say "the X website" and I find it very funny
Musk-led group makes $97B bid for control of OpenAI
131–140 of 1001 posts
Re: Musk-led group makes $97B bid for control of OpenAI
#132> Elon's offer to purchase the OpenAI nonprofit for $97.4billion isn't going to happen, but it may seriously complicate OpenAI's efforts to claim the nonprofit is fairly valued at $40billion. If you won't sell it for $97.4billion, that means you think it's worth more than that. https://x.com/KelseyTuoc/status/1889064215710941594
That's a bad analysis. There's clearly non-market forces at play for why Sam Altman doesn't want to give control to a group associated with Elon.
You can't take into account something like that when considering fiduciary duty.
Re: Musk-led group makes $97B bid for control of OpenAI
#133Earlier quoted context omitted.
According to this analysis from a few months back: https://www.wheresyoured.at/oai-business/ OpenAI are kind of fundamentally unsustainable as a business.
This is the modern version of 2010's "Amazon makes no money in retail"
I see your overall point, i think it is the wrong comp. It compare more to SAP or Atlassian.
Re: Musk-led group makes $97B bid for control of OpenAI
#134Earlier 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.
Single point of failure does not mean failure. It's an engineering term that refers to the risk associated with consolidating numerous responsibilities under a single system.
Re: Musk-led group makes $97B bid for control of OpenAI
#135How in the hell is this not on the front page? Once again, any bad news for OpenAI is censored from reaching the front page of HN.
This is the technology equivalent of monkeys throwing feces.
If everyone pandered to Musk every time he wanted attention, the world would come to a standstill.
Re: Musk-led group makes $97B bid for control of OpenAI
#136I think this is a negotiation tactic that aims to eventually block OpenAI's transition to for-profit.
non-non-profit
Re: Musk-led group makes $97B bid for control of OpenAI
#137Earlier quoted context omitted.
Elon's response: https://x.com/elonmusk/status/1889062013109703009 > Swindler In another tweet chain: https://x.com/elonmusk/status/1889063777792069911 > Scam Altman
wow I had no idea the level of discourse on that x website was so low, has it always been like this?
Yes and no. Yes the level of discourse was always that bad, but previously the people posting at that level were Internet randos, not the President of the United States and the executives of our most important businesses.
I do wonder if these clowns appreciate the long-term consequences of shattering the mystique of business executives. It's all memey fun and games in the moment, but later on when you have to make the counterargument against "why do these people deserve their billions? why shouldn't they all go up against the wall instead?" and you try to say "Well, it's because they're so talented and brilliant; doing so would cause incredible harm to the economy without their strong guidance", it becomes much harder to do that convincingly when we can all see them behaving like toddlers in public.
Re: Musk-led group makes $97B bid for control of OpenAI
#138Earlier quoted context omitted.
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.
You can choose as an investor between:
a) Coca-Cola (~$300B, profitable, stable, stock-listed, well-known addictive brand, accepted business model with steady growth)
b) OpenAI (bleeding cash: $5B lost last year, tech that is not really novel anymore, weird corporate setup, competition that offers similar products).
It's not that easy to support the idea that OpenAI will be the winner.
Re: Musk-led group makes $97B bid for control of OpenAI
#139Earlier quoted context omitted.
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
Does the longevity of a single company matter when you"re dealling with billions? He can always jump on the next thing, right?
Re: Musk-led group makes $97B bid for control of OpenAI
#140Earlier quoted context omitted.
Elon's response: https://x.com/elonmusk/status/1889062013109703009 > Swindler In another tweet chain: https://x.com/elonmusk/status/1889063777792069911 > Scam Altman
wow I had no idea the level of discourse on that x website was so low, has it always been like this?
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