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Confidential submission of draft S-1 to the SEC

openai.com

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Re: Confidential submission of draft S-1 to the SEC

#141

Post by JumpCrisscross »

swores wrote: post #113
bwhiting2356 wrote: post #101

Earlier quoted context omitted.

not to be a shill, but isn't it good for the non-profit to own a big piece of a successful company?

I think it depends on context. If the private subsidiary was doing semi-unrelated stuff to the goals of the non-profit, and using it to fund the non-profit, then your logic could make sense - for example if a cancer research charity owned a profitable business and funnelled the profits up to spend on research, great. But in OpenAI's case, the claimed goals of the non-profit were essentially "do AI in a way that puts…

> it's undeniable that the for-profit business isn't acting as useful fundraising for the non-profit's goals, it's literally acting in the opposite direction

It's generally not up to your or to me, it's up to the donors to the non-profit. If what you find to be undeniable is very much deniable to them, then that is their right.

The only question of public concern is whether OpenAI, Inc., a charity, meets the exemption requirements [1].

[1] https://www.irs.gov/charities-non-profits/charitable-organiz...

Re: Confidential submission of draft S-1 to the SEC

#143

Post by JumpCrisscross »

dualvariable wrote: post #138
JumpCrisscross wrote: post #75

Earlier quoted context omitted.

> like the SpaceX/Anthropic deal I understand the scepticism around Google's deal with SpaceX, given the former holds a stake in the latter. But Anthropic buying SpaceX's compute doesn't have any related-party smell to it. That genuinely looks like SpaceX having cornered some valuable compute.

If you were to treat all the hyperscalars as one company with one 10-K then Anthropic buying compute from SpaceX/xAI is an internal bookkeeping transfer between two departments. It isn't the same as top-line revenue into the AI companies. It is still mostly just financing money that Anthropic raised being transferred to SpaceX.

> If you were to treat all the hyperscalars as one company with one 10-K then Anthropic buying compute from SpaceX/xAI is an internal bookkeeping transfer between two departments

This is literally true for any revenue. Treat the buyer and seller as a single company and their transaction is internal.

Re: Confidential submission of draft S-1 to the SEC

#145

Post by abuani »

HDBaseT wrote: post #137
thin_carapace wrote: post #105

Earlier quoted context omitted.

we need more non tech women to marry and divorce craven tech men so that at least half of these scrooge like fortunes can get donated edit: id love to tally all the donations done by techies and compare them to how much of bezos fortune has ended up routed to charity via his ex

If you're a tech billionaire, you don't marry unless you are incredibly stupid. Altman and Thiel are also gay, so theres that too.

... Being gay does not limit altman or theil from getting married...

And last I checked, plenty of tech billionaires are married and by no stretch of the imagination stupid.

Re: Confidential submission of draft S-1 to the SEC

#146

Post by thundergolfer »

SecretDreams wrote: post #84
JumpCrisscross wrote: post #75

Earlier quoted context omitted.

> like the SpaceX/Anthropic deal I understand the scepticism around Google's deal with SpaceX, given the former holds a stake in the latter. But Anthropic buying SpaceX's compute doesn't have any related-party smell to it. That genuinely looks like SpaceX having cornered some valuable compute.

Google owns 14% Anthropic and 6% xAI. When Anthropic spends on xAI, it benefits Google. When google spends on xAI, it benefits Google. When xAI spends on Google, believe it or not, that benefits Google. This is how a Ponzi -style circular financing scheme typically works.

No a Ponzi scheme involves not output, but here there is very much output in the inference being sold by Anthropic. Pretty big difference.

Re: Confidential submission of draft S-1 to the SEC

#148

Post by SwellJoe »

mgraczyk wrote: post #135
SwellJoe wrote: post #117

The cheap money for subsidizing tokens has begun to run out. Not all gone, yet, but it's getting harder to pretend the chatbots are cost-effective to run. Soon, they're going to need to tap a larger pool for money: Everyone's retirement accounts.

The numbers are public now, this is obviously false

Which public numbers are you referring to that contradict what I said?

Re: Confidential submission of draft S-1 to the SEC

#149

Post by kasey_junk »

JumpCrisscross wrote: post #132
blourvim wrote: post #119

Earlier quoted context omitted.

I heard that the rule changes which would allow SpaceX to be auto bought by those funds has been blocked, previous stock seasoning rules will apply

> the rule changes which would allow SpaceX to be auto bought by those funds has been blocked Nothing was blocked. S&P 500 never adopted them. Influencers misunderstood what a consultation document is and presented a question as a fait accompli . NASDAQ 100 changed its rules, as did S&P and Russell's total-market funds. But for NASDAQ 100 I'm going to go ahead and say this was a brilliant market move, since nobody ev…

Crsp changed as well.

Re: Confidential submission of draft S-1 to the SEC

#150

Post by dofm »

HDBaseT wrote: post #137
thin_carapace wrote: post #105

Earlier quoted context omitted.

we need more non tech women to marry and divorce craven tech men so that at least half of these scrooge like fortunes can get donated edit: id love to tally all the donations done by techies and compare them to how much of bezos fortune has ended up routed to charity via his ex

If you're a tech billionaire, you don't marry unless you are incredibly stupid. Altman and Thiel are also gay, so theres that too.

No idea where this comes from; I wasn't talking about a literal family tree but a figurative one (I grew up with Rock Family Trees)

Also: Altman is married.

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