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

reuters.com

611–620 of 1001 posts

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

#611

With first mover advantage disappearing for OpenAI and very good alternatives appearing, one wonders how long they can sustain a multi billion dollar per year loss[0]. The launch of ChatGPT was earth shaking, but what have they done since that impacts or excites the average consumer? Does their revenue even come from the average consumer, or primarily from API users that will lift and shift to a viable competitor? I…

From the first release? A lot. It is much much smarter and multi modal.

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

#612
post #458

Earlier quoted context omitted.

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 am pretty disturbed by how musk is silent on issues concerning China and the CCP. To me it is a big risk that Tesla depends on access to the Chinese market to justify their valuation. Musk clearly will not say anything even slightly negative about the CCP, even though he personally values free speech and other liberal values. So can he really be trusted with control of companies like SpaceX? In fact, I am worried a…

> even though he personally values free speech and other liberal values

I don’t think there’s any reasonable evidence of this, given he has sued media matters for publishing factual information, and even encouraged AGs to open criminal investigations.

Musk has absolutely no respect for free speech. He regularly uses the power of the government to punish anyone that dares criticize him. He makes a mockery of free speech.

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

#613
post #602

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,…

Using BlackRock as a comparison is really disingenuous. They're basically a Vanguard. They hold assets as trustee for the actual owners of the wealth. BlackRock and Vanguard can't wake up one day and decide to put in a bid for OpenAI because of some personal vendetta.

You are confusing "assets under management" (AUM) with actual net worth. Blackrock's net worth is $43 billion, compared to $11 trillion in AUM, because 99.6% of the top-line number you chose is actually just client money. Musk, meanwhile, is around $400 billion, so you have the numbers backwards; Musk has about 10x the net worth of the nation's largest fund manager.

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

#614
post #602

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,…

Elon did good things. And then it went to his head. Look at almost every tech billionaire today and how many good things they (aren’t) doing.

And the argument is moot anyway - he wasted tens of billions on Twitter. If he was doing good things (true scotsman) he would’ve built schools.

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

#615

Earlier quoted context omitted.

Come on... endlessly wealthy and wants to do harm? There's only one real, obvious answer: Engineer a plague, or a series of plagues targeting food crops, livestock, and humans. Make something as contagious as measles that kills a third of people reliably, spread it multiple global focal points at once, and you could topple the world pretty effectively. If you attacked the economy and food supply at the same time I do…

Just doing that seems like you will likely be arrested.

I think that's more of a concern for people who aren't genocidal maniacs out to destroy the species. Like I said, we already have examples of people who wanted to usher in an apocalypse, some of them even gave it the good old college try, but they lacked resources. If you gave Shoko Asahara a few hundred billion to play with, who knows what Aum would have come up with. At the very least their sarin would have been pure.

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

#616

This would be a disaster. Elon Musk is continually pushing for singular control of everything (not least of which is the US federal government). It makes me immensely uncomfortable.

I've been uncomfortable with this shit stain since he took over twitter. And it has gotten exponentially worse ever since he endorsed the orange clown.

The turning point for me is when that incident occurred with the boys stuck in the flooded cave in Thailand. Musk had his designers create a mini-submarine to rescue them... but it wasn't suitable. One of the cave divers who risked his life to rescue the boys made the mistake of saying Musk's sub was useless... so Musk called the diver "a pedo."

I have no idea how he got away with it, but Musk claimed that when he said "pedo" he didn't mean to suggest the diver was a pedophile. It was just a South African general insult without any connotation of pedophilia, he claimed. Since then, whenever I can, I describe Musk as a well-known pedo. Sue me.

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

#617

Earlier quoted context omitted.

Previously I would have said buying election results. But apparently the electoral college makes it surprisingly cheap. Musk buys twitter for 44 billion dollars and yet he only needed a quarter of a billion to buy the American government.

The dems outspent republicans by a billion or so, so 250M didn't do much. If it did, Kamala would've won by a lot. https://www.axios.com/2024/10/31/democrats-republicans-ad-sp... Way more billionaires supported Kamala vs. Trump (83 vs 52).

I'm assuming whatever spending advantadge Dems had was more or less squandered the moment those billionaires got cold feet and decided to oust Joe Biden instead of relying on the incumbent vote. That disruption very likely scared off several donors.

But yes, there was also simply a lack of energy in the D voter base in 2024. No amount of spending can recover disengaged voters who simply dismissed everyone as "equally bad".

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

#619

Earlier quoted context omitted.

I don't like petty internet arguments, I can't help appreciate him referring to it as Twitter.

I only call it Twitter because I’m not gonna say “X” it just sounds stupid.

I always called it OSTEN for the same reason

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

#620

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.

This is not true. Tesla recently released new Model Y [0], and there's a gap in sales because of that transition. The old Model Y was the best selling car of any kind in 2024 globally.

[0] https://www.youtube.com/watch?v=vQ6e4-1uuGA

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