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

reuters.com

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

#521

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.

You may be referring to PayPal as one of those companies, but in case you’re not: Elon did not found Tesla.

I said "for some definition" because according a legal settlement he made with the others, he did found it.

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

#522
post #375

Earlier quoted context omitted.

Do not check out Kanye West on x unless you want to see what no censorship means (spoiler alert: a guy with 33m followers posting porn and glorifying nazism).

As of a little while ago, he’s gone from X

Given that Musk is "White House Tech Support" can he actually ban him? Doesn't Ye(Kanye) have a first amendment right to be on twitter, since twitter is now run by a "government" official?

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

#523

Earlier quoted context omitted.

Elon's response: https://x.com/elonmusk/status/1889062013109703009 > Swindler In another tweet chain: https://x.com/elonmusk/status/1889063777792069911 > Scam Altman

wow I had no idea the level of discourse on that x website was so low, has it always been like this?

I stopped going to Twitter often, but since Elon's tweets always appear in my notifications, they frequently are one or two words.

Yes I know I can mute. But the settings can get reset and this has happened several times.

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

#524

Earlier quoted context omitted.

[flagged]

So opposition spending $250M to win an election and then given control over government spending by that same president, while owning companies that have billions in government contracts, is Marxism? In most non-Marxist democratic countries, the above would be considered corruption.

It's Marxism to assume that it's at all rational to limit the amount of wealth someone can accumulate. What is the alternative to unlimited accumulation of wealth?

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

#525
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.

They arent meaningless, Tesla did some pretty cool shit. And then they shipped a very small quantity of cars that have poor maintenance and the kind of vendor lockin that we get shitty at John Deere for. The issue isnt that Tesla did stuff. Its that its all historical stuff that doesnt justify its current market price. If I was to invest in a car company I would want them shipping millions of cars, not a "net positiv…

It is probably telling that multiple people here think that the only relevant framing of "impressive" is as an investment. And that is only made stranger by the fact that Tesla has been objectively a hugely successful investment in terms of performance, no matter how many people dislike their cars, Musk, and the company's fundamentals or they think there is some hypothetical crash that is right around the corner.

And to make it explicit, I dislike Musk as much as the next guy and I absolutely would not invest in Tesla at this point, but we shouldn't let that bias our view of history.

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

#526
post #77

Considering Musk's power and the shrinking moat of OpenAI you would think he would be create something better with government support - or as some new department.

It certainly doesn't say much about his confidence in X.ai keeping up with OpenAI

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

#527
post #511

Earlier quoted context omitted.

I don't get what is "financial terrorism" here: He's making an offer to buy something at twice the price of the other offer on the table. I'm not sure it'd be a good deal for Musk but it looks like a good deal for the seller.

I don't understand it either. Why is Elon Musk a "terrorist"? And why is this the most upvoted post? Maybe being European limits my ability to comprehend American political rhetoric.

[flagged]

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

#528
post #138

Earlier quoted context omitted.

You can choose as an investor between: a) Coca-Cola (~$300B, profitable, stable, stock-listed, well-known addictive brand, accepted business model with steady growth) b) OpenAI (bleeding cash: $5B lost last year, tech that is not really novel anymore, weird corporate setup, competition that offers similar products). It's not that easy to support the idea that OpenAI will be the winner.

OpenAI is pre-revenue, they're a pure play . It's not about how much you earn, it's about how much you're worth.

Marking “new tech paradigm isn’t about turning a profit/ the rules have changed” on my tech bubble bingo card.

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

#529
post #458

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.

He single handedly also vindicated one of the most authoritarian regimes - China - in how it slapped Jack Ma as soon as he started entering politics and gaining influence beyond tech entrepreneurship.

I can’t agree that his bad behaviour vindicates other bad behaviour. Checks and balances would be a far better solution than what was done to Ma. We should never consider a state manipulating politics so forcefully to be vindicated because someone seeks to exploit the state. It vindicates the very systems Musk seeks to destroy, showing the USA needs strong and more assertive checks and balances.

I think I see what you mean, but it’s dangerous to casually say such a hostile and powerful state’s corruption could ever be vindicated.

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

#530
post #519

Earlier quoted context omitted.

They arent meaningless, Tesla did some pretty cool shit. And then they shipped a very small quantity of cars that have poor maintenance and the kind of vendor lockin that we get shitty at John Deere for. The issue isnt that Tesla did stuff. Its that its all historical stuff that doesnt justify its current market price. If I was to invest in a car company I would want them shipping millions of cars, not a "net positiv…

> If I was to invest in a car company I would want them shipping millions of cars Tesla shipped 1.2 million of the Model Y alone in 2023, making it the best selling car worldwide. They sell about half as many cars as Ford, at 9x the profit margin.

You realize that’s not the argument you think it is to justify Tesla’s market cap?
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