Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

reuters.com

Post reply on HN
Print view View original

621–630 of 1001 posts

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

#621

Post by protocolture »

ghc wrote: post #519
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…

> 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.

Yep as the other commenter said, millions of janky cars.

Nissan sold 3.4 million cars in 2023.

Tesla sold 1.81 million that year.

China, who are the big fish in the EV pond, sold 30 million cars in 2023. 4.9 million went overseas.

The Chinese plan? Build your existing car for cheaper and with an EV option.

SAIC\GWM sold 4.6 million cars in 2023. And their EV Ute is shockingly awesome compared to the Cybertruck.

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

#622

Post by graeme »

WiSaGaN wrote: post #117

I think this is a negotiation tactic that aims to eventually block OpenAI's transition to for-profit.

And at least at the stated valuation. They've valued it at $40 billion but if they decline larger offers it is hard to sustain the low valuation.

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

#624

Post by innocentoldguy »

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. I understand that Musk invested in OpenAI under the understanding that ChatGPT would remain open source. He has expressed dissatisfaction with the direction OpenAI has taken ChatGPT and wants to return it to its original charitable mission. He paid millions of dollars for something that OpenAI didn't deliver, so I can understand him wanting to bring the project back inline with the vision he paid for.

I view Musk's decision here as a good thing that will benefit the world.

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

#625

Post by roywiggins »

soared wrote: post #614
Geee wrote: post #602

Earlier quoted context omitted.

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.

Remember when he didn't solve world hunger?

https://truthout.org/articles/musk-pledged-6b-to-solve-world...

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

#626

Post by togetheragainor »

HelloMcFly wrote: post #551
togetheragainor wrote: post #545

Earlier quoted context omitted.

[flagged]

> The American left, who hates Musk because he’s an outspoken and unrepentant capitalist (among other reasons) Ah yes, all the criticism I hear about Musk from my liberal friends has everything to do with his "unrepentant capitalism". You either have a small or very peculiar social circle. Your comment isn't technically wrong since you were thoughtful enough to add "(among other reasons)" but it almost beggars belief…

Yes, I’m apparently not the only one wondering why you consider him a terrorist, so please do.

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

#627

Post by ModernMech »

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.

By my measure, Cohen is the only person from Trump world who has redeemed himself. He’s still a slimey hot head, but he sees Trump for what he is, and he’s committed himself to making things right. Of course he’s trying to profit as much as possible, but he serves as an example that even the biggest sycophants can make it out of the cult.

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

#628

Post by rokoono »

IncreasePosts wrote: post #532
TrackerFF wrote: post #177

Earlier quoted context omitted.

How much of it is tied up to a criminally overvalued Tesla stock though? Sure, Tesla could go to zero and he'd still be a fabulously wealthy man, but with how things are moving - It wouldn't surprise me that he's about the fall down the ranks. Let's see how much power he has once the "richest man in the world" aura fades away.

Musk owns 42% of the $350B SpaceX, so he would still be the 6th richest person in the world(tied with Sergey bring) if TSLA and all his other investments went to $0.

[dead]

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

#629

Post by gkoberger »

boringg wrote: post #599
typs wrote: post #78

Earlier quoted context omitted.

ChatGPT is an extremely successful consumer product. Looking at Search traffic alone indicates they clearly have large brand value. Usage doesn't just depend on just benchmarks for most consumers.

How much of that community would jump ship on change of ownership? Not that Altman is any better than Musk but Musk has certainly created a more negative publicity about himself recently and thus more distrust or people of certain political stripes unwilling to use his products (scientific community probably leans that direction).

I've soured on Altman, but he's MUCH better than Musk. It's not even a competition.

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

#630

Post by Arcterus »

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,…

Saying he isn't even that rich and then saying that he has 1/30th of the total assets managed by BlackRock is completely absurd. I frankly don't understand how you can think one person controlling 1/30th the value of all of BlackRock's managed assets is totally fine and normal. Additionally, as mentioned by others, BlackRock invests on behalf of clients, so unlike Musk, they can't just throw around their money willy-nilly, so the comparison is just disingenuous.

To put this in perspective, the net assets of Google are around $300 billion, and their total assets are around $450 billion. Musk's net worth is roughly $400 billion.

Post reply on HN