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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

#181

Earlier quoted context omitted.

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 th…

"let them eat cake"

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

#182
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.

He failed at Twitter.

He failed at getting Tesla profitable sooner. So many job losses resulted in his erratic behavior.

He fails by not doing as well as someone else in his position.

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

#183
post #133
post #99

Earlier quoted context omitted.

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.

I'm curious how you put OpenAI, SAP & Atlassian all in the same category. Do you mind explaining your thinking?

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

#184

Earlier quoted context omitted.

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.

There's a difference between saying no and poking the bear. The reply was essentially a middle finger. A simple thanks but not at this time, or no reply at all, would probably have been a safer move. As CEO of a company, you should probably put said company's safety above pride. My .02.

That's not how you deal with Elon "Go Fuck Yourself, Bob" Musk.

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

#185
post #157

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…

Don't you think that the brand is huge though? It has become a household name and it's synonymous with artificial intelligence. They're also supposed to get grotesque amount of investments which is supposedly more than twice the value of what Musk offered(They have %40 stake in the project Stargate, which is supposedly $500B thing).

It got mentioned in the new york times and South Park a handful of times. How many billions is that worth if your technology is obsolete, your prospects are poor, your employees are taking the piss in interviews...?

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

#186

WSJ Full Article: https://archive.is/Uygax

This includes the actually interesting bit:

> One of the thorniest questions in the conversion has been how the nonprofit will be valued. Musk’s bid sets a high bar and may mean that he, or whoever runs the nonprofit, would end up with a large and possibly controlling stake in the new OpenAI.

So this is a play to mess with the restructuring?

Why aren't the news stories exploring this angle? It's very annoying that this comes below the regurgitated press releases and asinine Twitter quotes. Reuters didn't even mention it. The Guardian just barely touches on it.

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

#187

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.

Considering the threat of his wealth and the ability to fund primary challengers against sitting senators is being used to whip their votes, I wouldn't restrict the it to just "financial" terrorist.

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

#188
post #169

Earlier 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

I absolutely hate how much CEOs acting like children / influencers has become the norm. Maybe they were always like this, and twitter has just given us a window into it, but I for one would wholeheartedly welcome a return to "respectability" norms for business and civic leaders.

That would require the death of social media.

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

#189

Earlier quoted context omitted.

But isn't it the case that the cash cow for Amazon is actually AWS? That is, without AWS would we consider Amazon to be the success we see it as today?

Yes we would.

Keep in mind that while the store brings in a majority of revenue, it provides less than 20% of operating income. A majority of operating income comes from AWS (which provides less than 20% of revenue).

https://www.fool.com/investing/2024/01/10/amazon-e-commerce-...

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

#190
post #60

> to buy the nonprofit that controls OpenAI What does it mean to buy a nonprofit? Who owns it now? Does anyone?

Yeah this is another question I had and another source of frustration with the journalists that write these pieces.

Either they know more about this stuff than me and it's their job to predict that gap and explain this key detail... Or they don't know more than me so it's their job to be curious about it!

The quotes and stuff just strike me as so lazy. Why are you telling me that a thing happened and then not even taking 3 sentences to scratch the surface of what that thing actually means?

I guess they have to pump stories like this out in just a few minutes...

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