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

reuters.com

431–440 of 1001 posts

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

#431

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.

You do realize the saudis for almost a century are way richer, more powerful, and way way way more corrupt right?

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

#432
post #338

Earlier quoted context omitted.

>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.

> 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. This isn't clear to me. Maybe in the US? but in Europe, there should be no new CO2-emitting cars by 2035. There's a global trend to move to EV due to climate change that has little to do with Tesla.

You are pointing to a disrupted market as evidence that the market didn't need to be disrupted. A quick search suggest that EU ban on CO2-emitting cars was from 2022, 5 years after Tesla started selling the Model 3. The global trend toward EVs was largely started by Tesla showing that EVs were a viable product with real demand.

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

#433
post #416

Earlier quoted context omitted.

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.

I’m wondering under what definition he “founded” Tesla rather than being the investor who took it over years later kicking the founders out? I’d give him SpaceX, but it definitely did better when he was paying less attention to it.

I wonder how much each company spends internally on damage control/mitigation re: Musk. I don't think he's as much of a chaos monkey as Trump, but I try not to pay attention to him so I could be missing things.

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

#434
post #402

Earlier quoted context omitted.

> entirely legally. Hypothetically, would it be legal to fund a president whose policy was "let's nuke everyone"?

Apparently, the answer is "yes"

I meant more literally than metaphorically, unless something drastic has happened in the last 2 hours that I'm not aware of (given Trump, this is not impossible).

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

#435
post #429

Earlier quoted context omitted.

[flagged]

It took a while, and a huge investment from the US to avoid the locals flocking to the DDR. (The Soviets, unable to put in as big an investment, built the wall to stop DDR citizens from making the opposite trip).

indeed.

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

#436
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?

Drive up or value it fairly? If Sam and the board are unwilling to even consider the $100B offer then it seems to be strong evidence that it is worth much more than $100B.

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

#437

> Elon's offer to purchase the OpenAI nonprofit for $97.4billion isn't going to happen, but it may seriously complicate OpenAI's efforts to claim the nonprofit is fairly valued at $40billion. If you won't sell it for $97.4billion, that means you think it's worth more than that. https://x.com/KelseyTuoc/status/1889064215710941594

Maybe they want it for 5x, 2x is absolutely low ball for most businesses that isn’t making a loss. I would think sam is valuing that as low as possible

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

#438
post #418

Earlier quoted context omitted.

My hope is that he'll eventually make some big mistakes that will send him to jail. Or does presidential grace give him total immunity?

Given Musk is currently pissing off foreign governments , there is a real danger that one of those governments will just send in a nice looking person with some tea to have a quiet chat with him. After which, he will look very tired, and suddenly stop being "turbulent", as per the meaning several judges have recently noted in Trump trials was once infamously said by a king of a priest. Then I will be sad, because I w…

I've thought that too (you articulated it well). I mean, there are other uber rich in the world that, you know, are president of a different country — and might feel threatened by Musk's wealth.

I too would have liked to see Musk go to Mars.

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

#439
post #432

Earlier quoted context omitted.

> 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. This isn't clear to me. Maybe in the US? but in Europe, there should be no new CO2-emitting cars by 2035. There's a global trend to move to EV due to climate change that has little to do with Tesla.

You are pointing to a disrupted market as evidence that the market didn't need to be disrupted. A quick search suggest that EU ban on CO2-emitting cars was from 2022, 5 years after Tesla started selling the Model 3. The global trend toward EVs was largely started by Tesla showing that EVs were a viable product with real demand.

Okay and the GUI was started by Apple as far as PCs. Where did that leave Apple as far as the PC market compared to Microsoft?

And “disruption” doesn’t mean whet you think it means. Were any of the existing car manufacturers ever threatened by Tesla as far as market share and revenue like what happened to RIM and Nokia in the smart phone space?

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

#440

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.

Well, they'll end up having to convince a judge that that those "non-market forces" are worth $50 billion+. Good luck!

Yeah easily by saying we’ll make 10x that in a few years.
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