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

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

#711

Earlier quoted context omitted.

Almost everything that is happening in US politics was telegraphed beforehand if you were looking carefully enough. If Musk's current level of influence and his actions are a surprise to anyone, I'd politely suggest that they augment their sources of information.

Since you’re ahead of many of us, can you let us know what happens next?

This [1] should give you another 150 days of predictions.

[1]: https://www.project2025.org/playbook/

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

#712

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 kinda like to think that Jeff Bezos is whispering in Trump's ear, hoping for this inevitable outcome, and waiting to pick up the pieces with Blue Origin.

Some billionare backstabbing is granted

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

#713

Earlier quoted context omitted.

> He literally posted an AI generated video of Xi in Winnie the Pooh garb. I missed that one, do you have a link?

https://x.com/elonmusk/status/1815187468691316946?lang=en

That was pretty funny, though I think it is important to note that the post makes fun of many world leaders, including Trump.

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

#714

Earlier quoted context omitted.

He spent $44 billion on his own personal propaganda machine, and then used even more money to purchase the US presidency

[flagged]

The only reason he tried to get out of it was because tech stocks tanked shortly after the bid and he knew he could have gotten it for far cheaper than the $44B. The entire time it was happening I was convinced that if he could get out of the bid he would immediately make another one for around $30B and still buy his favorite addiction. People like him and their motivations aren't that hard to read.

He wasn't _forced_ to buy anything. He was forced to pay what he promised for it.

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

#715
post #88

Earlier quoted context omitted.

> Investors already put their money in at around $157B+ and are not willing to take a price cut down to less than $100BN. This is for a controlling stake, not outright ownership, isn't it?

Yes but why would investors on the board who own a piece of OpenAI at 157B be ok with a sale at a smaller valuation?

Cash in hand might be better than trusting that valuation.

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

#716
post #363

Earlier quoted context omitted.

Conversions to paid users us only 5-6% though https://beta.bnnbloomberg.ca/business/company-news/2024/10/2...

Does that number matter? What’s the conversion rate on any single typical ad hosted by Google? Yet it all adds up to make a lot of money, for Google and (presumably) the advertisers.

Indeed it matters. A popular website is only financially valuable if the site owner runs ads on it, as Google does. Without ads, ChatGPT's consumer business model is not much different from WinRAR with its soft 60-day trial period. Sure, some % of its users upgraded to the full thing. Everybody else had humbler use cases covered by the free functionality (the 60-day expiry was famously not enforced).

Once zip/unzip technology became commodified (either by being baked into the OS or open-sourced as happened with 7zip), paid 3rd party tools were no longer needed and WinRAR's business disappeared.

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

#717

"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.

> Dotcom bubble starts to look reasonable.

Given what happened to the internet afterwards, dotcom bubble was always reasonable. There were a lot of idiotic companies that made no sense, but the overall idea that internet is going to generate tons of value and money was completely true.

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

#718

Earlier quoted context omitted.

Easy: buy media companies to sow political division and pollute the discourse, buy political influence to restrict access to open and unbiased education to ensure the populace cannot engage in critical thinking, then poison the environment in myriad ways until people in their 20s require a dozen rounds of IVF to have kids (or more likely, just giving up because of the ruinious state of inflation compared to incomes).

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…

I don't think you actually read the assignment. Please try again.

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

#719

Earlier quoted context omitted.

Yup! You guessed it! https://www.inverse.com/article/32100-elon-musk-favorite-jam... The person who asked 7 years ago never forgot that and made the same connection as you: https://www.threads.net/@pixelastronaut/post/DFFJF9GxE7D?xmt...

If you read the book, the comparison goes from amusing to unsettling, if not all the way to scary. Among other parallels, Drax ingratiates himself with England's leadership ("Your Majesty, may I have the temerity...") and cheats at games despite obviously not needing the money or fame.

I'm actually started to wonder if Elon is actually deeply mentally ill, high functioning, and living in a completely delusional reality. He's clearly trying to live out things he's seen in novels. If you haven't yet read up on where his name came from, check this out. He was named after the main character of a book written by a Nazi rocket scientist. It's almost too weird to believe, but it is indeed true:

https://youtu.be/9y-erGt0LsU

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

#720

Earlier quoted context omitted.

I think the grass roots of the tech world has some portion of the blame here. The introduction of hoodies, flip-flops, open drama and bickering, and kicker into the office environment is not unrelated. And it’s not just CEOs, we’ve now got a senator who looks like the guy I bought pot from as a kid. I never thought I’d make this argument, but maybe at least appearing respectable increases the odds that you’ll actuall…

Eh, respectable looking people were responsible for the Holocaust, slavery, segregation, and plenty more.

They were at least united and somewhat effective in commiting these atrocities.
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