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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

#291

Post by blah2244 »

senordevnyc wrote: post #74
sofixa wrote: post #56

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.

Before I read this 32-minute long article, who is Edward Zitron and why should I care about his opinion or analysis?

Zitron is a blogger whose content/internet personality is centered around being anti-Big Tech, and very much falls in the "AI is dumb/useless and will die any day now".

He's a good writer, but his content is written through an extreme anti-AI lens, so take it with a pretty big grain of salt.

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

#292

Post by stevage »

averageRoyalty wrote: post #34

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…

Yep. I use ChatGPT a lot, so much so that each day there is some point where it switches from version 4 to version 3. I don't even notice a difference.

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

#293

Post by Slow_Hand »

_2d30 wrote: post #279

A lot of people are unsurprisingly throwing shade on Musk being involved here but I think it's really important to understand what this is fundamentally about: stopping or fundamentally changing OpenAI's plans to be spun off. The issue at hand is that OpenAI (the private, currently "capped profit" entity, henceforth in this post referred to as OpenAI-P) is trying to get spun out of control of the OpenAI non-profit (h…

Could it be that part of the the Musk-led group's offer of $100 billion is a tactic to drive up the valuation of Open AI-P, so that it's more painful/difficult for Open AI-P to buy itself out of Open AI-NP?

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

#295

Post by stevage »

moralestapia wrote: post #230
minimaxir wrote: post #112

Earlier 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.

[flagged]

Most of these are not evidence of lack of moat.

>Where are all the others?

You're funny.

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

#296

Post by hypothesis »

fastball wrote: post #274
Trasmatta wrote: post #167

Earlier quoted context omitted.

He spent $44 billion on his own personal propaganda machine, and then used even more money to purchase the US presidency

[flagged]

Huh? Some magic mushrooms forced him to make a bid to buy Twitter? Give the guy some agency!

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

#298

Post by dyauspitr »

moogly wrote: post #246
dyauspitr wrote: post #204

Earlier quoted context omitted.

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

> Now honestly I don’t want him to build a whites only mars base. I do because the Earth would be rid of him and we could maybe have at least 1 slow news day.

This might be the worst cost benefit tradeoff I’ve heard of.

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

#300

Post by lotsofpulp »

rendang wrote: post #228

> consortium led by Elon Musk Are there other major investors involved here or just Musk?

From WSJ:

> The bid is being backed by Musk’s own artificial intelligence company xAI, which could merge with OpenAI following a deal. He also has several investors backing him, including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital and 8VC, a venture firm led by Palantir co-founder Joe Lonsdale. Ari Emanuel, CEO of Hollywood company Endeavor, is also backing the offer through his investment fund.

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