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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

#201

Post by 4ndrewl »

Analemma_ wrote: post #137
polotics wrote: post #128

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…

"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?"

I'm sure that's never crossed Putin's mind...

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

#202

Post by NomDePlum »

Trasmatta wrote: post #163
SiempreViernes wrote: post #116

Earlier quoted context omitted.

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

I think Sam is at least stubborn and willing to be ruthless, so I feel like he's a good person to stand his ground

Is that not the exact same argument people make for Musk?

Not that I agree with that position either, but interesting how those traits appear to be perceived positively now by some.

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

#203

Post by jarsin »

mouse_ wrote: post #185
mrtksn wrote: post #157

Earlier quoted context omitted.

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 How many billions is that worth if your technology is obsolete, your prospects are poor, your employees are taking the piss in interviews...?

> your employees are taking the piss in interviews...?

What does that mean?

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

#204

Post by dyauspitr »

tryptophan wrote: post #118
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.

I liked Elon 90% of the time 5 years ago. Now honestly I don’t want him to build a whites only mars base.

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

#205

Post by lightbendover »

mattmaroon wrote: post #158
tryptophan wrote: post #118

Earlier quoted context omitted.

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.

He founded (for some definition) the two most impressive American corporations of the century and tweeted a lot to build a direct connection to people.

You may be referring to PayPal as one of those companies, but in case you’re not: Elon did not found Tesla.

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

#206

Post by ggm »

Take the money. It's not Open, and its not A(G)I. You won't get a better deal.

Great come-back, but at this point, I'd take the money. The field now has nation-state actors, it will almost impossible to sustain a revenue flow for this: price is going down.

(not an investor)

BTW the board valuation isn't against sunk cost, its against hyped future value. This may be half the hype but its a shitload more than spend.

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

#207

Post by throwup238 »

mcshicks wrote: post #198
throwup238 wrote: post #192

Earlier quoted context omitted.

Nonprofits generally have to break out unrelated business income [1] into for-profit companies that pay tax and pass the post-tax profit to the non-profit. In this case OpenAI the nonprofit owns OpenAI Global, LLC which is the entity that operates their API/ChatGPT and receives the investments from Microsoft et al. Other examples include Mozilla Foundation and Mozilla Corporation, which receives the payments from Goo…

Honest question. What's happens to Microsoft's investment then?

That depends entirely on the final contracts they signed with OpenAI Global, LLC and I think there have been at least two deals so far (and latter ones might have amended the previous ones).

Based on their blog post [1] and various rumors in the press, it sounds like Microsoft has some contingencies in place. I assume their investments will just convert to hard equity in case of a sale (if they haven’t already).

[1] https://openai.com/index/why-our-structure-must-evolve-to-ad...

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

#209

Post by zozbot234 »

latentcall wrote: post #57
steve_adams_86 wrote: post #22

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.

You could split the difference and call it Xitter.

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

#210

Post by fujinghg »

maxerickson wrote: post #104
al_borland wrote: post #92

Earlier quoted context omitted.

It seems like everyone calling it x.com would allow people to use the name without having to know the history or be confused by just calling something X. Kind of how pets.com was always called pets.com, because just calling something "pets" would be confusing.

It's "X, the everything app", said with an exhausted sneer.

Zombo already took that title

https://zombo.com/

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