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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

#721

Earlier quoted context omitted.

Elon's response: https://x.com/elonmusk/status/1889062013109703009 > Swindler In another tweet chain: https://x.com/elonmusk/status/1889063777792069911 > Scam Altman

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

Honestly it isn't much better here.

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

#722

Earlier quoted context omitted.

I've been saying the same thing about Tesla for years, but here we are. The market can stay irrational blah blah blah

Well now that the Donald is running the US and is about to cut subsidies for electric vehicles, add tariffs to aluminum and steel, now maybe the markets may see the light, I am not holding my breath though.

Cutting subsidies would weaken Tesla's competitors (according to Musk)

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

#723
post #674

I see clear sentiment change in HN. And that is why I love this forum. People here do change their opinions when presented with facts :) Proud to be a member of the community.

I mean...you're kinda using sentimental anecdata to pat hn on the back a little bit here. There are definitely other explanations for sentiment change than being presented with facts.

There could be 2 other reasons: 1) Vocal people dynamics changed. It could be the case but other communities (eg reddit) do not show such behavior. The sentiment there is the same as before just louder, no shift. 2) Moderators are silencing one side of the audience. I do not have the evidence to prove such behavior.

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

#724

Earlier quoted context omitted.

Could you add more context? I’m unfamiliar with Grok. Is Elon being a hypocrite?

Grok has absolutely no safety mecanism in place, you can use it for anything it will not block a query, all under the pretext of "free speech". And it's not open source either

>it will not block a query

This is good though?

>And it's not open source either

Wonder why Grok-1 is open-source but not Grok-2. Maybe it will when Grok-3 releases?

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

#725
post #603

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

Oh no, it's in great part due to his antics. Owning a Tesla used to be about a positive future, the transition to sustainability, and with great engineering and making it sexy. Now owning a Tesla seems to be about kneeling to Moloch, paying for plutocracy, gleefully cutting basic food aid for the world's poorest starving children, undermining democracy around the world, and yes even doing a fascist salute. So, you wa…

[flagged]

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

#727

Earlier quoted context omitted.

> How much of it is tied up to a criminally overvalued Tesla stock though? I don't know that, but I can say that he has an absurd amount liquidated. - Dec 15 2022: Sells 22m shares for $3.6bn https://www.cnn.com/2022/12/15/investing/elon-musk-tesla-stock-sale/index.html - Nov 4-8 2022: Sells 19.5m shares for $4bn https://apnews.com/article/elon-musk-twitter-inc-technology-business-climate-and-environment-9ab471987539…

> “Where it is nearly (if not entirely) impossible to spend such sums of money.” I’ve been looking at the idea of a tunnel between the UK and Ireland. Recent rough estimates were €15Bn and that probably didn’t include high speed trains on each side. A new city, a 500km/h maglev line, paying spacex to build a moon base, launching a billion dollar prize fund for room temperature superconductor or graphene space elevato…

I don't feel this is a great response tbh. While you're comparing money, you're not differentiating how government money is different than corporate money, which are both different from personal money. Even if a person wants to build a tunnel of that magnitude, absolutely no way are they going to do it out of their pocket, at worst it would be through corporate funds. Its not like these guys are spending their own money on those things you're talking about. Even Elon still gets others to invest in his companies.

An important thing to note is that it takes time to spend money and money makes money. Even a very modest interest rate yields an incredible amount of money. The money is so large, it works differently than money does for us normal people. For example, say you have $30bn a year and are getting a modest 5% interest yearly, that's: $1.5bn a year, $4.11m/day, $171.2k/hr, or $2854/min. As you can imagine, this has a big effect. If you're trying to buy a McLaren F1, well, you can wait 5 days. Which it'll probably take that long to make this transaction happen anyways. So there would be no net loss of money. So, supposing you wanted to make your $15bn (I know, but we're approximating anyways and they're similar anyways) tunnel, you somehow got permission to do it, and you are doing it all out of your pocket, you have to realize that this does not equate to taking out $15bn from your net worth. Because... it takes time to build such a tunnel. Let's approximate again, saying it takes 5 years (very aggressive) and you pay at the end of the year, then the net decrease of your wealth is $7.5bn, not $15bn. At 10 years, you have no net change, and any longer you've had no effective loss. (To be clear, I'm not saying there's no cost, I'm saying that it doesn't change your net worth)

The problem is, your money makes money too fast. For most things, faster than you can spend it. Every second you aren't spending it, it grows.

I should also clarify an assumption that I guess is not obvious. I'm saying it is essentially impossible to spend these amounts of money on things that personally benefit you. You can't buy enough houses, personal jets, yachts, and so on. We agree. But mega projects take a lot of time, as well as philanthropic endeavors. If you want a real world example, see MacKenzie Scott. She has given away 50% of her wealth, yet her net worth is identical to that in 2020, when Forbes started tracking her (divorce was in 2019). She is worth $36bn and has given over $17bn away, and in those 4 years (I'm sure some of this money is pledged and not yet in peoples' hands but that's standard philanthropy, right?). So yeah, she could have built that bridge for no change in her net worth. ¯\_(ツ)_/¯

But in your favor, I guess Elon did buy Twitter and with his great negotiating skills offered a 27% premium (and not in a one-time lump sum). But also, this has seemed to have no real effect on his net worth due to how his wealth is actually held and showing the nativity of our approximations, as most billionaires are getting much more than 5% interest on their money.

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

#728

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.

We need an income and a wealth cap.

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

#729

Earlier quoted context omitted.

Such a child

On one hand, I used to look at these super successful people with a pretty heavy dose of envy. Now I honestly don't, because I find their behavior reprehensible and disgusting, and just so childishly stupid. Granted, I'm fortunate enough that I really don't want for material goods (that's also because I realized I don't need very much), so I might feel differently if I had to slave away at some job I hated. Being a "…

Appropriate

https://youtu.be/jrxI_euTX4A?si=TYqWW-vLc4ApzkDH

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

#730

Earlier quoted context omitted.

Their infotaiment uses a customized Debian distro. On a Model S you could easily get a shell into it, because they used a freaking SSH with a password-based authentication over Ethernet to connect from the instrument cluster to the computer in the central console. You could sniff the password with a man-in-the-middle attack, if you knew the host key of the instrument cluster. Here's one from my previous Model S: http…

This is a gist created 1 hour ago. No proof of the attack vector. What's the point of posting a private key? Also, so what if they used Debian? Linux is used on everything. Debian has multiple licenses, it also has BSD3 and others to choose from: https://www.debian.org/legal/licenses/

In case anybody wants it. I can do a more detailed writeup about hacking into my Tesla, but I'm not particularly interested in that. In short, I bought an Tesla instrument cluster on eBay and dumped the NAND chips from it.

They use plenty of GPL software there, including the Linux kernel itself.

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