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

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

reuters.com

Post reply on HN
Print view View original

361–370 of 1001 posts

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

#361

Post by smrtinsert »

smrtinsert wrote: post #333
_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…

Nonsense. He's ignoring judges orders to cease and desist in his funding freezes and he's simultaneously attempting to seize control of the AI company through an aggressive acquitision, all the while avoid seemingly all oversight. This can only be described as techno authoritarianism.

you can add data, transportation and transhumanism to the list of things he'd love to do.

You go work at his company, living in his government, in his vehicle, using his data network, thinking thoughts through his mind link.

He's laid it out bare, quite honestly.

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

#362

Post by bcrosby95 »

danparsonson wrote: post #327
_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…

I probably misunderstand you but why should it be fundamentally about that and not fundamentally about controlling more valuable technology? The example of Twitter clearly demonstrates that despite the Dear Leader's altruistic claims, he's after money and power just the same as anyone else.

I think some of it is just a grudge. From everything I've read about Musk he seems big on them. So while some of it may be for power, a large portion is probably plain old revenge.

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

#363

Post by rchaud »

typs wrote: post #78
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…

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.

Conversions to paid users us only 5-6% though

https://beta.bnnbloomberg.ca/business/company-news/2024/10/2...

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

#365

Post by portaouflop »

archagon wrote: post #188
tqi wrote: post #169

Earlier quoted context omitted.

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.

That would require the death of social media.

It already has died 5 years ago - what we are witnessing now is just the decaying of the corpse

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

#366

Post by _2d30 »

Slow_Hand wrote: post #293
_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?

That's why I said this:

> this is fundamentally about: stopping or fundamentally changing OpenAI's plans to be spun off.

If OpenAI actually values OpenAI-NP at $40B then they will surely sell it for $97B. The point is the $40B is obviously a dramatic undervaluing and the fact they won't sell it for $97B shows that. This is the wrench.

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

#367

Post by razodactyl »

jarsin wrote: post #203
mouse_ wrote: post #185

Earlier quoted context omitted.

It got mentioned in the new york times and South Park a handful of times. How many billions is that worth if your technology is obsolete, your prospects are poor, your employees are taking the piss in interviews...?

> your employees are taking the piss in interviews...? What does that mean?

It's an English term for mocking, teasing, ridiculing. I believe from the link of "piss" being alcohol. "He's on the piss again."

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

#368

Post by amazingamazing »

_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…

I thought about this for a bit and I'm not sure how you would even counter. A legitimate offer has been tendered. It's pretty much checkmate here. A certainly well played move. This will definitely derail things. For OpenAI to best move would be to actually unconditionally accept, as it's likely this offer isn't serious in the sense that it's the offer they'd prefer to give.

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

#369

Post by kLADh232Ha »

_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…

I think Musk (probably using his Saudi admirers yet again) wants to buy OpenAI because he needs a working chatbot right now. For example, he is gutting the General Services Administration and wants to install a GSAi chatbot to replace the workers:

https://www.wired.com/story/doge-chatbot-ai-first-agenda/

Perhaps "big balls" and the other geniuses he hired haven't managed to come up with a working solution.

Musk needs chatbots for his technocracy movement because they are great for faking progress in efficiency without understanding any of the systems they replace and destroy.

He may also need them for online bot campaigns to convince MAGA voters that layoffs, deregulation, H1Bs and supporting billionaires are really in their best interest.

That said, considering he overpaid for Twitter, perhaps OpenAI should consider his offer.

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

#370

Post by bdangubic »

slg wrote: post #338
scarface_74 wrote: post #225

Earlier quoted context omitted.

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

>What’s impressive about Tesla? There is this weird revisionist history now that Musk is hated to dismiss all Tesla's accomplishments as meaningless. The traditional auto industry would have never embraced EVs to the extent they have if someone did not disrupt the market in a way like Tesla did. That is both impressive and huge net positive for humanity in a way that is an extremely rare achievement for any startup.

facts! except did not disrupt the market in a way like Tesla did. I am not sure this really counts as distruption - not sure 8.1% of the market qualifies as distruption… perhaps it does if the trend continues like it did outside of the US
Post reply on HN