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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

#631

Post by Retric »

mattmaroon wrote: post #515
Retric wrote: post #416

Earlier quoted context omitted.

I’m wondering under what definition he “founded” Tesla rather than being the investor who took it over years later kicking the founders out? I’d give him SpaceX, but it definitely did better when he was paying less attention to it.

Among other things, the terms of a legal settlement with the other people who "founded" it.

So him paying people somehow changes what happened?

“In 2009, Eberhard filed a lawsuit against Musk for slander and libel. As per NBC Bay Area, the lawsuit was settled, and as a condition of the settlement, Musk and two other Tesla executives, JB Straubel and Ian Wright, are now allowed to call themselves co-founders, in addition to Eberhard and Tarpenning.”

He had zero involvement for ~1 year, invested some money and then five years later he’s CEO. That’s hardly the definition of founding anything.

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

#632

Post by tasty_freeze »

stronglikedan wrote: post #32
wilg wrote: post #25

Earlier quoted context omitted.

he's certainly becoming a single point of failure

really? I'm curious to know what he's failed at. Seems like he's making all the right moves lately.

Some failures: the boring company hasn't done much of anything, other than a very short loop in Las Vegas. Do you know anyone who has bought one of his solar roof systems, and when was the last time anyone mentioned it? The hyperloop idea didn't go anywhere. Twitter is worth about 25% of what he paid for it, though one could argue being in control of it is worth $30B to him personally. He also said he was going to get rid of bots, and failed at that.

Obviously, he has had some huge successes too. Tesla has a huge valuation based on the assumption that it was going to win everything, but growth has stalled -- the 18 wheelers are nowhere to be found, the cybertruck is an article of derision to everyone but fanboys. The sedans growth has stalled, in large part due to Musk going out of his way to alienate his core group of buyers -- liberals who think buying a tesla is green. Space-X is doing great things. The jury is out if starlink and thousands of LEO satellites will be a win or a loss.

His final big win is his support of a particular minority group: Nazi's and the Nazi-adjacent. They are platformed on Twitter, and he is doing his best to normalize giving Nazi salutes (at the presidential inauguration no less).

Musk is a ruthless businessman, but make no mistake - when it comes to engineering, he is an empty suit. https://archive.li/bePMk

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

#633

Post by browningstreet »

decimalenough wrote: post #496
fencepost wrote: post #424

Earlier quoted context omitted.

Might not be enough data for good statistical significance yet, but IIRC the "die in a fire" probability in a Tesla Refrigerator is something like 17x the Ford Pinto based on current numbers.

Citation needed. Last I checked EVs are much less likely to catch fire than ICEs. (They are, however, much harder to put out if they do.)

https://www.fairfaxcounty.gov/environment-energy-coordinatio...

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

#635

Post by mindwok »

m3kw9 wrote: post #440
itsoktocry wrote: post #272

Earlier quoted context omitted.

Well, they'll end up having to convince a judge that that those "non-market forces" are worth $50 billion+. Good luck!

Yeah easily by saying we’ll make 10x that in a few years.

You’re basically proving the point. If they’re confident they’re going to 10x their valuation in a few years, then the valuation probably doesn’t accurately reflect the value of the enterprise.

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

#636

Post by stephen_g »

johnnyanmac wrote: post #534
polotics wrote: post #128

Earlier quoted context omitted.

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

It's been so for a long time amongst casual twitter. I'd say celebrities shitslinging at each otherin public became more common place around the pandemic though. No, Elon's purchase and unbanning of fascists did not help at all.

My experience was that most of the garbage was hidden below the 'show more replies' section and the higher quality replies were more likely to be at the top (not always, but mostly).

The whole thing with 'verification' and those posts being prioritised flipped that on its head, to the point where I couldn't stand using it any-more (this was two years ago).

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

#637

Post by novok »

cyberax wrote: post #544
pests wrote: post #452

Earlier quoted context omitted.

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…

Colonoscopies are not that bad; many countries do it without sedation. The sedation part is annoying in multiple ways; it prevents you from doing a bunch of stuff the rest of the day, while without sedation, you can continue as if not much has happened afterward.

Even endoscopies are possible without sedation, but most people don't have the ability to not squirm or gag for that one. You can even see youtube videos of people doing that one without sedation.

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

#638

Post by SergeAx »

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,…

> More capital is allocated to good things

Or bad things.

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

#639

Post by nicoburns »

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.

> It feels like Musk is single-handedly making a great case for why unlimited accumulation of wealth is a bad idea.

Musk is bad, but he's only really one example amongst thousands. And there aren't many examples of where this has ever been a good thing.

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