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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

#601

Post by caspper69 »

mullingitover wrote: post #502
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.

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.

Is it already 1997 again?

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

#602

Post by Geee »

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.

I disagree. Wealth accumulation is absolutely a good thing. Elon does good things. EVs, rockets, Starlink, Neuralink etc. This is stuff that people want. More capital is allocated to good things when the same person can manage more capital. Elon's wealth is mostly in the things he has built himself.

In addition, Elon isn't even that rich, when compared to other entities, which aren't a singular person. As an example, BlackRock manages over $10 trillion of assets (that's 30x compared to Elon), see https://en.wikipedia.org/wiki/List_of_asset_management_firms

Elon is not the richest entity in the world, and he doesn't have any special powers to bludgeon anything, like none of these large companies have, unless they do some weird market manipulation tricks (which should be illegal anyway).

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

#603

Post by fshr »

UltraSane wrote: post #479
dustingetz wrote: post #227

Earlier quoted context omitted.

was looking for a musk margin call in 2023, no such luck, now he’s VP and markets are still fake

Tesla sales are collapsing globally partly due to Musk's mental breakdown and are not likely to recover much, especially since Tesla no longer really has a CEO.

To me it seems to have very little to do with his antics. Surely inflation, market saturation, and increased competition is more probable?

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

#604

Post by cute_boi »

davidgerard wrote: post #461
h0l0cube wrote: post #307

Earlier quoted context omitted.

> "Well, it's because they're so talented and brilliant [...]" It's interesting to draw comparisons between Sam Altman and Liang Wenfeng, CEO of Deepseek, the latter of which is a domain expert, the former an exalted entrepreneur, supposedly gifted in allocating capital. If Sam has just been lucky with his one bet so far, there's bound to be some market corrections that are going to shake the world just like in the d…

Deepseek is run by a hedge fund and they are 100% in it for the money and not the culty AI doom BS, which helps a bit.

idk but action speaks better than anything else.

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

#605

Post by SR2Z »

saagarjha wrote: post #586
UltraSane wrote: post #479

Earlier quoted context omitted.

Tesla sales are collapsing globally partly due to Musk's mental breakdown and are not likely to recover much, especially since Tesla no longer really has a CEO.

The stock seems to be unaware though

The stock has certainly responded, although only time will tell if it'll return to a more sensible valuation.

My guess is that this robotaxi launch will make or break the company. If the product looks like any other first-gen driverless service, Tesla is screwed.

The price to upgrade all those older Teslas is gonna be gigantic and the company is already heavily scrutinized for their lackadaisical approach to QA and safety.

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

#606

Post by floatrock »

saagarjha wrote: post #586
UltraSane wrote: post #479

Earlier quoted context omitted.

Tesla sales are collapsing globally partly due to Musk's mental breakdown and are not likely to recover much, especially since Tesla no longer really has a CEO.

The stock seems to be unaware though

Stock is betting on VP Musk continuing to pull up the ladder for all the EV competitors. Tesla CEO Musk got his fed grants to build out his charger network, now it's time to make sure no one else does so his remains on top.

Downvote if you must, but the man knows how to protect his moats while branding it "ending wasteful government spending".

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

#607

Post by lxgr »

Geee wrote: post #602
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.

I disagree. Wealth accumulation is absolutely a good thing. Elon does good things. EVs, rockets, Starlink, Neuralink etc. This is stuff that people want. More capital is allocated to good things when the same person can manage more capital. Elon's wealth is mostly in the things he has built himself. In addition, Elon isn't even that rich, when compared to other entities, which aren't a singular person. As an example,…

> compared to other entities, which aren't a singular person

And you're seriously arguing that that's not a pretty important difference?

> he doesn't have any special powers to bludgeon anything

I've seen him described in all kinds of ways, but "without special powers" is a first.

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

#608

Post by protocolture »

slg wrote: post #525
protocolture wrote: post #501

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…

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…

I know hundreds of people are trying to codify musks legacy at this point.

>Tesla has been objectively a hugely successful investment in terms of performance

But the only thing he cant dance out of is that he is an absolutely impressive showman. I mean even in the emails OpenAI released, he very talked his way into a controlling interest in OpenAI.

I just feel like, heaps of Tesla investors are going to be left holding the bags when the shine wears off.

That said, if I saw a story about Musk wising up a little bit and hiring someone to rejuvenate his PR I would probably spread some money amongst all of his businesses.

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

#609

Post by dttze »

globalnode wrote: post #518
lupusreal wrote: post #484

Earlier quoted context omitted.

No. Musk being a shithead does not vindicate a regime that routinely practices mass murder in flagrant violation of their own Constitution (which presumably only exists as a sick joke to them.) Article 35 of their Constitution guarantees free speech, but they murder people who try it. Read the rest of their Constitution while you're at it. Even as a less than serious rhetorical argument, what you said is insane. Get…

im not criticizing your opinion but can you point me to some evidence that shows they routinely practice mass murder? im genuinely curious.

He has none most likely, and if he does it’ll be some garbage sourced from Adrian Zenz.
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