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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

#221
post #148

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 always had it? Money give influence naturally. I've listened to a history podcast about the robber barons and how following the backlash and dismantlement of the Standard oil, industrialist started buying articles, sometime even newspapers to sell their stories, and in the US, it worked wonderfully. You still have the brand "Quaker" that was born at the time, and probably a dozen other, where they manipulated thei…

> He always had it? Money give influence naturally.

Not as much as he has now: he was famously frustrated by the California state government's Covid lockdown mandates, and was pretty powerless against them. That frustration is probably what led him to buy influence in the Trump campaign,and later administration. Money can take you so far, political power will take you further for imposing your will on others.

The "Shock-and-awe"/blitzkrieg strategy is another force-multiplier. By moving much faster than the bureaucracy and legal system can respond, the question on whether he has the power or authority to do the things he's doing may become moot.

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

#222

Earlier quoted context omitted.

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.

Kelsey Piper is a very serious tech journalist who has written extensively about the OpenAI for-profit transition and the corporate structures involved [1]. You can present an argument about why it's a "bad analysis" but your offhand "analysis" is not constructive or well-informed here. [1] https://www.vox.com/future-perfect/380117/openai-microsoft-s...

You're right. I was too quick and jumped the gun by calling it "bad analysis". However, I do believe that the source of this offer is the larger factor than the dollar amount in OpenAI's valuation of the offer. If this was anyone else offering to buyout OpenAI then the argument makes sense, but Sam Altman and Elon Musk seem to hate each other's guts and are even resorting to name-calling online in the fallout of this offer.

https://xcancel.com/elonmusk/status/1889062013109703009

There's a good chance there's more to it than I realize, though.

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

#224
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.

The name-calling in public discourse wears on me. Ad-hominems, bad faith arguments. I’ve gotten to where I avoid the news altogether because of this seemingly accelerating trend.

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

#225

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.

What’s impressive about Tesla? It’s already being outcompeted by companies in China, losing market share, and the other manufacturers are catching up.

Besides that, he’s pissed off the demographics most likely to buy Teslas. It’s not like most Trump voters are buying EVs

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

#226

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 typically like Elon about 70% of the time

>I don't quite understand how he suddenly got so much influence.

then you don't know much about him

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

#227

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.

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.

was looking for a musk margin call in 2023, no such luck, now he’s VP and markets are still fake

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

#230
post #78

Earlier 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.

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