Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

OpenAI’s promise to stay in California helped clear the path for its IPO

wsj.com

Post reply on HN
Print view View original

311–320 of 359 posts

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#311

Post by wubrr »

SR2Z wrote: post #230
wubrr wrote: post #196

Earlier quoted context omitted.

> Exhibit A for Covid having not changed this is the continuing supremacy of Silicon Valley (tech) You mean like when China built chatgpt 4 in a weekend and open-sourced it for giggles? > Shenzhen (manufacturing) ..or you mean how US manufacturing 'clusters' almost completely disappeared/replaced by Chinese ones? > Proximity to investors. Proximity to customers. Proximity to a skilled employee pool. Proxomity to acqu…

> You mean like when China built chatgpt 4 in a weekend and open-sourced it for giggles? DeepSeek R1 is an amazing feat. It's not at the same level as other large frontier models from American companies, just close enough to make them sweat. > ..or you mean how US manufacturing 'clusters' almost completely disappeared/replaced by Chinese ones? The value of goods manufactured in the US has never been higher. US manufa…

> It's not at the same level as other large frontier models from American companies

Cool story

> The value of goods manufactured in the US has never been higher... Manufacturing has disappeared as a share of GDP, but that's not because we make less stuff.

You're seriously going to try to argue how US manufacturing (which was the greatest share of global manufacturing by far) didn't decline, to support a point about how China (Shenzhen) is apparently an unreplicable manufacturing hub due to 'cluster effect'? It's funny that you don't see the contradiction. For the record, US manufacturing as a share of global manufacturing has significantly declined over the years. [0][1]

" > The United States' share of global manufacturing activity declined from 28% in 2002, following the end of the 2001 U.S. recession, to 16.5% in 2011

> China displaced the United States as the largest manufacturing country in 2010

> Manufacturing output, measured in each country's local currency adjusted for inflation, has been growing more slowly in the United States than in China, South Korea, Germany, and Mexico "

> You do generally have to physically be present to make deals.

If you need to be physically present for a meeting, you make a trip. There is absolutely zero benefit to living in close proximity to investors the rest of the time.

> It is obviously theoretically possible to run a world-leading software company fully remote.

It is obviously not just theoretically possible, and many companies do so.

[0] https://en.wikipedia.org/wiki/Manufacturing_in_the_United_St... [1] https://www.bcg.com/press/21september2023-north-american-com...

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#314

Post by wbl »

danielmarkbruce wrote: post #224
terminalshort wrote: post #175

Earlier quoted context omitted.

Violations such as?

Such as those made up in people's heads because they don't happen to like a guy they never met.

Sam Altman got fired from YC for lying, and from OpenAI for lying, then replaced the board. Now he wants to do a transaction that takes the most valuable company in the world from the nonprofit and rewards its financial backers. It's very reasonable to be deeply skeptical of this transactions legitimacy.

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#315

Post by rhetocj23 »

JumpCrisscross wrote: post #236
rhetocj23 wrote: post #181

Earlier quoted context omitted.

Not at all. When people say this statement about Jobs, it tells me how little they know about the man. S Jobs was a clinical and clear communicator. Altman in comparison? Lmao.

> When people say this statement about Jobs, it tells me how little they know about the man Going to bet I’ve met them both more times than you have. Neither man was or is an archetype.

You havent met anyone fella. I see your posts here all the time - full of bluster.

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#316

Post by Sohcahtoa82 »

array_key_first wrote: post #206
swyx wrote: post #14

Earlier quoted context omitted.

> if Bonta blocked its plan to convert to a simpler corporate structure. i'm a bit out of the loop but honestly why does California have a say? surely the investor base and Microsoft was a far harder negotiation than this one. this one smells of govt overreach.

Yes, blocking a NON-PROFIT from magically IPO-ing as a for profit company and therefore skirting years of taxes is overreach. Guys, the only state morally bankrupt enough to just allow that is Texas. Why do you think these tech bozos love Texas? It's basically cyberpunk over here. Our government actively hates us. We struck down paid water breaks in Texas. I once worked a job with no breaks at all. 10 hour days, no l…

> I once worked a job with no breaks at all. 10 hour days, no lunch. Yes, that's legal here.

For the life of me, I will never understand why workers vote against even the most minimal break requirements.

Is it simply that the majority of voters already work a job that gives them breaks and so don't see the need to make it a legal requirement? That seems very much like a "pull the ladder up behind you" mentality.

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#318

Post by wubrr »

Jackpillar wrote: post #287
wubrr wrote: post #149

Earlier quoted context omitted.

nah also, where you are and who you know are very different things

This is so funny to imply that you (living in East Jesus, Texas) have a better or similar opportunity to me (living in SF) in making more relationships and connections to AI related companies, engineers, investors, customers, acquirers, scientists, etc.

I live a lot further from SF than Texas, yet I've been working fully remote for SF tech companies (among others) for 10+ years.

If I need to meet someone in person, I make a trip (~few times a year)

It's true that I can't brownnose/service random tech talking heads in person on a daily basis tho, which is what I assume you mean by 'relationships and connections' lmao

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#319

Post by wubrr »

JumpCrisscross wrote: post #162
wubrr wrote: post #149

Earlier quoted context omitted.

nah also, where you are and who you know are very different things

> where you are and who you know are very different things Different but related. Getting a purposeful introduction involves a lot more friction than being invited to someone's home for dinner with their colleagues and contacts.

You seem to assume dinner parties and in-person social engineering is the key to success.

I guess I have a different opinion - the tech, the product, the efficiency is the key to success.

Re: OpenAI’s promise to stay in California helped clear the path for its IPO

#320

Post by MagicMoonlight »

andy99 wrote: post #172

IPO is to leave someone holding the bag, right? The narrative has really changed from AGI, the most consequential technology, blabla. If I had that I would keep it private. If I wanted to cash out, I’d do an IPO. Is there a narrative that doesn’t make it seem like pump and dump?

Yeah, it's a pump and dump. You wouldn't sell AGI for any amount of money. You'd literally be a god king. You could build an army of sentient robots and just seize entire countries.
Post reply on HN