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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

#541

Post by root_axis »

_2d30 wrote: post #507
root_axis wrote: post #470

Earlier quoted context omitted.

Which number is bigger isn't the only calculation to make. Elon has shown himself to be a capricious and distracted steward of the companies he assumes control of. He has a lot of debt and is already over-leveraged on multiple companies as well as his new roles in government. X has plunged in value, Tesla sales are plummeting worldwide, Elon's scorched earth political agenda invites unending controversy that OpenAI a…

For as "obvious to everyone" as your point is supposed to be, it focuses entirely on what the offer means to OpenAI-P and zero on what it means to OpenAI-NP. The decision is to be made by an OpenAI-NP that can effectively divorce itself from OpenAI-P and in either case will be divorced from control of OpenAI-P. They can either have $40B in OpenAI equity or $97B. In the scenario where they chose the $40B in OpenAI equ…

> This isn't what I suggest at all

This you?

> They can either have $40B in OpenAI equity or $97B.

In other words: the big number trumps the small number - QED.

> and zero on what it means to OpenAI-NP

Why do you believe OpenAI-NP wouldn't care about all the issues I raised?

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

#543

Post by deadbabe »

CoastalCoder wrote: post #513
UltraSane wrote: post #483

Earlier quoted context omitted.

I have thought the same thing. Musk can protect himself from the average nutjob but he is working very hard to make the kinds of enemies he will NOT be able to protect himself from.

Can you give an example? I dislike Musk as much as the next person, but I can't think of any major state actors or criminal organizations he'd currently be antagonizing.

Don’t worry, once he is no longer under the protection of the US government he’ll probably be a dead man. They will get to him.

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

#544

Post by cyberax »

pests wrote: post #452
senordevnyc wrote: post #404

Earlier quoted context omitted.

More likely: Trump lets him slash and burn, then turns on him and throws him under the bus to the American public. Very typical Trump playbook. Maybe he also takes a page from Putin’s playbook and puts him on trial in a very public and humiliating way, sending a clear message to all the other oligarchs.

I listen to Cohen on his podcast and on YT. He was once Trump's right hand man, they were buddies for 15+ years. Even he says Trump will cast Elon aside when he is no longer useful. I know a lot of people don't like Cohen. I have my own friends I've had for 15+ years and I know them well, just as much as Cohen knows Trump, so I feel there might be some validity to his thoughts.

This assumes that Trump is actually able to make decisions. He's clearly showing signs of dementia, and so he's easily controllable. His handlers just make sure he forgets anything they don't want him to remember.

Do you think Trump of 8 years ago would have allowed Musk to usurp the news cycle? Or even allowed the merest notion that he's not controlling _everything_?

Remember, Trump actually underwent a colonoscopy without sedation to avoid relinquishing the control of the nuclear weapons to Pence. This dude is a control freak.

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

#545

Post by togetheragainor »

z7 wrote: post #511
guybedo wrote: post #498

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

#546

Post by throwawayffffas »

FactolSarin wrote: post #220
rvnx wrote: 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.

I've been saying the same thing about Tesla for years, but here we are. The market can stay irrational blah blah blah

Well now that the Donald is running the US and is about to cut subsidies for electric vehicles, add tariffs to aluminum and steel, now maybe the markets may see the light, I am not holding my breath though.

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

#547

Post by berbec »

rozap wrote: post #345
TheAlchemist wrote: post #155

"The bid is being backed by Musk's AI company xAI, which could merge with OpenAI following a deal, according to the Wall Street Journal which first reported Musk's offer earlier on Monday." xAI is not making any money - it's a money furnace, so what does it mean the bid is backed by xAI ? The leverage and 'creativity' in the US is off the charts. Dotcom bubble starts to look reasonable.

If they merge two money furnaces, then they can make up for the losses with the higher volume :)

I they cut costs enough, they can make money without selling a product.

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

#548

Post by azemetre »

SiempreViernes wrote: post #116
Trasmatta wrote: post #100

Earlier quoted context omitted.

Well, I certainly hope people like sama are still willing to push back, and don't just bend the knee immediately to President Musk. Surely there's at least one or two people out there in Silicon Valley that still have a backbone.

It's a sad state of affairs when the hope is that Elon's illegal ravaging is stopped by Sam Altman .

Don't be so glum, some of us like watching the rich eat each other for a change.

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

#549

Post by AnotherGoodName »

CoastalCoder wrote: post #513
UltraSane wrote: post #483

Earlier quoted context omitted.

I have thought the same thing. Musk can protect himself from the average nutjob but he is working very hard to make the kinds of enemies he will NOT be able to protect himself from.

Can you give an example? I dislike Musk as much as the next person, but I can't think of any major state actors or criminal organizations he'd currently be antagonizing.

He’s pushed boundaries on the Ukraine war. Both the Russians and the Ukrainians would be willing and capable of assassination if it helped war goals but I think he just hasn’t quite crossed a line to either side where he’s better off dead.

Eg. Starlink connections in Ukraine are geofenced. Which would piss off both sides in various ways. Pisses off ukraine because they have legitimate targets outside the fence and pisses off russia because they have legitimate targets inside the fence. That’s walking a fine line.

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

#550

Post by UncleMeat »

alpha_squared wrote: post #102

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.

Yep. Taxing billionaires is not about generating a lot of money for everybody else. It is about limiting the power of the most powerful people. It is bad for society for people to have this much money.
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