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OpenAI to buy AI startup from Jony Ive

bloomberg.com

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Re: OpenAI to buy AI startup from Jony Ive

#471

Post by polynomial »

joshstrange wrote: post #66
CGMthrowaway wrote: post #42

Earlier quoted context omitted.

No one is forcing you to invest in said companies. As an investor it's up to you to do due diligence on the board, conflict of interest disclosures, whether sizeable acquisitions require shareholder approval, etc. This is on top of blanket legal protections that already exist in case you didn't want to do your own DD, like duty of loyalty, care and fiduciary; SEC disclosures, AD @ the DoJ, FTC, etc.

Not sure what you are replying to. I'm not investing in OpenAI nor do I want to. I can call out BS behavior without being an investor.

I think the concept is more like, you may participate (invest) but if you don't, you have no standing to have an opinion. (other than the fact that you didn't invest, which represents your opinion.)

Re: OpenAI to buy AI startup from Jony Ive

#473

Post by s1mon »

samtp wrote: post #446
ryanSrich wrote: post #399

Earlier quoted context omitted.

I consider myself extremely plugged in to what's going on with AI and I still couldn't tell you what Ive's company does without looking it up

Do they even have a website?

As far as I could tell, no. Seems to be fairly stealthy. I even asked ChatGPT with Deep Research, and there's not really much detail out there.

Re: OpenAI to buy AI startup from Jony Ive

#474

Post by thinkingtoilet »

thunkingdeep wrote: post #455
catigula wrote: post #452

Earlier quoted context omitted.

That is interesting given that reddit has gone from a cultural powerhouse to something most people talk about shamefully, if at all.

The only people I’ve ever known who actually thought Reddit ever really mattered was people in the HN sphere. Anecdata, but still. In terms of value per minute spent, it’s the same tier of slop as TikTok or Instagram, and I think most ordinary people hold that same view.

The organizations/nation states/whatever who astroturf on reddit disagree with you. It definitely matters in shaping opinions. It's not as influential as tiktok of course, but that doesn't mean it's not influential.

Re: OpenAI to buy AI startup from Jony Ive

#475

Post by kookamamie »

doctorpangloss wrote: post #107
_ncuy wrote: post #63

I find it amusing that IO a company with no product and no history is valued and bought at $6.5B.

What do you mean? The idea is obvious, it's an Apple Homepod sized orb-screen, like a mini Vegas projector, running OpenAI's realtime API.

So, basically a Palantir?

Re: OpenAI to buy AI startup from Jony Ive

#476

Post by cma »

bravoetch wrote: post #396
jazzyjackson wrote: post #157

Earlier quoted context omitted.

There should be a way to reverse valuate a company based on how much of its stock it used to acquire a company worth (500,000,000 dollars of) peanuts

Depending on who is doing the valuation, I'm sure this is already a consideration. Like when Coinbase acquired Earn for $110m-ish. Was Earn worth that? Absolutely not. Since Coinbase and Earn shared investors, it was merely a convenient way for those investors to pay themselves out of the unexpected billion dollar cash pile Coinbase amassed in 2017.

Isn't that a less efficient way than a $110m dividend or buyback?

Re: OpenAI to buy AI startup from Jony Ive

#477

Post by mountainriver »

lolinder wrote: post #148
mountainriver wrote: post #137

Earlier quoted context omitted.

Or just a realization that they are mainly up against google with a massive money factory. They need their own money factories or they won’t survive long term

AGI is the ultimate money factory if they could deliver it on the timelines that they were projecting until recently.

Its impossible to know, they are in a longer fight with googs

Re: OpenAI to buy AI startup from Jony Ive

#478

Post by polynomial »

sllewe wrote: post #228
poly2it wrote: post #168

This announcement is inexplicably amusing. It's like the announcement of the iPhone without the iPhone.

Ive has finally made something so thin - you can't even see it!

let me know when you're doing a standup set and I'll be there.

Re: OpenAI to buy AI startup from Jony Ive

#479

Post by WorldPeas »

the_arun wrote: post #392
belter wrote: post #382

Earlier quoted context omitted.

The AI hype seems driven more by stock valuations than genuine productivity gains. Developers now spend excessive time crafting prompts and managing AI generated pull requests :-) tasks that a simple email to a junior coder could have handled efficiently. We need a study that shows the lost productivity. When CEOs aggressively promote such tech solutions, it signals we're deep into bubble territory: “If you go forwar…

Apart from developer productivity, have we seen anything made 1000x better using GenAI?

OCR cleanup?

Re: OpenAI to buy AI startup from Jony Ive

#480

Post by thunkingdeep »

thinkingtoilet wrote: post #474
thunkingdeep wrote: post #455

Earlier quoted context omitted.

The only people I’ve ever known who actually thought Reddit ever really mattered was people in the HN sphere. Anecdata, but still. In terms of value per minute spent, it’s the same tier of slop as TikTok or Instagram, and I think most ordinary people hold that same view.

The organizations/nation states/whatever who astroturf on reddit disagree with you. It definitely matters in shaping opinions. It's not as influential as tiktok of course, but that doesn't mean it's not influential.

By that measure, the benches on my local sidewalks are of cultural importance.

You can spew ads and shit wherever they’ll let you, doesn’t enrich the environment by default.

I get what you mean, but I’m still unconvinced of Reddit as a meaningful platform.

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