Earlier 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"
Musk-led group makes $97B bid for control of OpenAI
211–220 of 1001 posts
Re: Musk-led group makes $97B bid for control of OpenAI
#212[flagged]
I came here via the front page, and with 200 comments and over 200 points, how do you think people found this submission?
Re: Musk-led group makes $97B bid for control of OpenAI
#213Earlier 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.
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
#214From the creator of Grok, this is such an insane thing to say
Re: Musk-led group makes $97B bid for control of OpenAI
#215Earlier 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?
Re: Musk-led group makes $97B bid for control of OpenAI
#216It 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.
How much of it is tied up to a criminally overvalued Tesla stock though? Sure, Tesla could go to zero and he'd still be a fabulously wealthy man, but with how things are moving - It wouldn't surprise me that he's about the fall down the ranks. Let's see how much power he has once the "richest man in the world" aura fades away.
Re: Musk-led group makes $97B bid for control of OpenAI
#217Earlier 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.
Re: Musk-led group makes $97B bid for control of OpenAI
#218Earlier quoted context omitted.
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
#219It 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.
Using your "enormous amount of wealth" as a weapon means you'll be frittering away that wealth very quickly. Especially since others will be inclined to take the other side of the bet as soon as they catch on to it happening.
Re: Musk-led group makes $97B bid for control of OpenAI
#220Earlier quoted context omitted.
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.