Let me guess... wall street bets is going to pump $OPEN stock?
Yeah that started a week ago....
Confidential submission of draft S-1 to the SEC
321–330 of 345 posts
Re: Confidential submission of draft S-1 to the SEC
#322Earlier quoted context omitted.
> I fear that OpenAi and Anthropic would not be able to compete against an adveserial Alphabet which owns it's own models, hardware, large corpus of data, talent and network effects. Many people thought Google+ would stomp all over Facebook, and that GCP would kill Azure and AWS for most of the same reasons.
Has Google stomped on anyone since their Search squished hotbot and their email blew up hotmail?
not many people talk about mapquest anymore.
Re: Confidential submission of draft S-1 to the SEC
#323Earlier quoted context omitted.
Ok, then, to give women as much agency as men have.
Having to work is less agency than not having to work. Being able to choose to work, and choose a nice lifestyle career while your husband has to work a hard job to afford the lifestyle is far more agency than men have.
> Having to work is less agency than not having to work.
Both are working. One is getting money that they get to decide what to do with, the other (the wife) doesn't get paid but gets room and board but very little autonomy - for example, they were expected to deliver sexual gratification on demand, mood or no.
It's honestly surprising to me how people seem to still not be aware of the amount of labor women at home do, especially in previous eras. Read any old book, you'll find wives cooking every single meal solo for every single person in the household, managing every aspect of the kids' lives, functioning as a secretary for the husband, cleaning the entire house, often doing the yardwork, managing the social calendar, all while keeping up appearances so they're an attractive wife. They worked way more hours than their husbands.
Re: Confidential submission of draft S-1 to the SEC
#324The cheap money for subsidizing tokens has begun to run out. Not all gone, yet, but it's getting harder to pretend the chatbots are cost-effective to run. Soon, they're going to need to tap a larger pool for money: Everyone's retirement accounts.
Can you elaborate? Whats the connection between retirement accounts and subsidizing tokens?
Re: Confidential submission of draft S-1 to the SEC
#325What a shitty company, and this shitty announcement proves they are going to be shittier after the IPO.
Why do you feel that way?
Re: Confidential submission of draft S-1 to the SEC
#326Earlier quoted context omitted.
They're IPOing a commercial subsidiary of OpenAI so that it can donate even more money to the parent nonprofit. (Actually the subsidiary is everything and the nonprofit is a do-nothing fig leaf but the IRS and Congress seem to not care enough to stop them.)
Checks and balances dear sirs and madams, checks and balances. Excepts apparently it meant cheques used to top up account balances.
Checks and balances concern constraints on government power. Whether OpenAI's structure complies with the law is a question of regulation, not checks and balances.
Re: Confidential submission of draft S-1 to the SEC
#327Earlier quoted context omitted.
Jury is out on that one -- will have to see what happens in the next couple of years. I don't think you can say better off with full confidence right now. Very possible you could say that in the future..
> will have to see what happens in the next couple of years. I don't think you can say better off with full confidence right now We can't say for confidence they'll find a niche in the AI world. But we can say they probably sat out some value-destroying capital investment. Like, I don't think Apple is going to wind up strategically worse off than Meta. But it won't have blown a metaverse on this.
Well I think those are different.
Most everyone outside of a core believer knew metaverse was a bad investment and total value destruction.
Im not sure that Apple's strategy will pay out -- they may avoid the heavy capex lift but if that strategy is successful they ill have missed the strategic upside. Thats the part the jury is out on.
They've taken a more deliberate approach which might be the winning one ... tbd. We should re-check this in 3-5 years to re-assess.
Re: Confidential submission of draft S-1 to the SEC
#328The timing of all of these IPOs has a smell similar to both the US Mortgage company trend shortly before interest rates spiked and all those companies started shedding jobs progressively since, and/or the DotCom IPO boom. Where we land remains to be seen.
One of the stranger theories I have seen is that it is based on Astrology as there is a confluence of Uranus squaring the lunar nodes... whatever that means. There is a saying supposedly attributed to JP Morgan (but not likely) "Millionaires don't use astrology but Billionaires do." One of the more rational ideas I have seen of any kind of divination is that it provides a means of passing judgement over to a near see…
Indeed, there are several anthropological works speculating that the purpose of divination is to break analysis paralysis or unconscious biases.
And if you are already sure of the correct solution, then you can just keep doing the divination over and over again until the gods give the answers that you want!
Re: Confidential submission of draft S-1 to the SEC
#329Re: Confidential submission of draft S-1 to the SEC
#330It is increasingly look like OpenAI, Anthropic, and SpaceX (xAI) are going to burst their own AI bubble by going public. Their businesses aren't ready for that kind of quarter-by-quarter grinding scrutiny. It is going to be bad when their lockup periods end.
Bubble has to burst at some point, so IPO now and at least get some exit liquidity. If you wait too long you’ll never be able to exit at all. I think that’s the thought process and why they’re in such a rush. In fact all three are in a sort of race, you probably don’t want to be the last one to IPO
The bubble burst when they bought all the ram wafers to stifle global and local competition. They can't compete and the real costs are insane. Scale won't solve it even if they pave the continent.