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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

#731

Post by wilg »

insane_dreamer wrote: post #266
stronglikedan wrote: post #32

Earlier quoted context omitted.

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

you now have a significant percentage of the educated populace thinks he's an asshole at best and fascist at worst; this was most not the case before he bought twitter and went full-MAGA I'd call that a fail. Also, he was supposed to "save" Twitter and make it into a bigger social network and "everything app" (like WeChat). He instead decimated its revenue and so poisoned the brand that it'll never become an "everyth…

worse, he was quite clear he planned to make it politically neutral which he absolutely didnt

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

#732

Post by h0l0cube »

Geee wrote: post #704
h0l0cube wrote: post #687

Earlier quoted context omitted.

> Elon's wealth is mostly in the things he has built himself. Elon's wealth is mostly in acquisitions. Even PayPal, co-founded by Peter Thiel, was an acquisition by X.com (the bank), at which point Elon was already ousted as CEO. He came back briefly, trying to convert PayPal infra over to Microsoft much to Thiel's chagrin, but then ousted again in favour of Thiel, who renamed the merged company to PayPal. So PayPal,…

That's exactly what I mean. Elon makes decisions to manage capital and talent, in order to make good things for the world, and thus accumulates more capital and talent to make more good things. He started from Zip2 and built his way to managing multiple companies, each of which make groundbreaking products and services. These products and services wouldn't exist without Elon. They wouldn't exist if capital wouldn't b…

> built his way

> each of which make groundbreaking products and services

It's like you didn't read a word I said.

But to respond to your claim, which I've heard many times before – including from Paul Graham. Maybe he's some genius at allocating capital in your eyes or something, but I don't think his investment decisions were even that radical, but they are within the conservative circles of people who usually have that capital behind them. If, in some fantasy land, you could give more people the same level of wealth (i.e. real purchasing power) that Elon had in the 2000s, I'm certain a lot of people would have put that money into electric vehicles and batteries. They were exciting at the time, and had demonstrably great potential for returns, but they required enormous capex. Conservative old money wasn't interested in making that kind of all-in investment, but that's just because the kind of person that hoards wealth, isn't the kind that makes those kinds of bets. Elon had the luck of being wealthy enough, and also being an outsider with an aspirational mindset. That isn't so special, beyond the dumb luck of riding the coat tails of Peter Thiel's company.

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

#733

Post by vitorgrs »

polotics wrote: post #128
minimaxir wrote: post #61

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?

Depends. It's way worse now. But I think the main difference was X Premium or whatever they call now.

Basically, if you buy the verified badge, you get promoted on the algo timeline, comments, everything. And people also getting money by views...

This affects in two ways, first, not a lot of people want to give Money to elon, and the elon fans want to pay.

Second, this also makes a lot of people posting everywhere posting insane things just to get views and money.

Oh, there's also the bots that just reposts other people tweets now on the comments.

Why comments? It's how you get more views (money).

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

#734

Post by handsclean »

TrackerFF wrote: post #177
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.

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.

Nobody likes the guy, but I think a lot of people let their distaste for a person blind them to their strategy. Since Musk’s early days co-founding PayPal, his MO has been to start with a small fortune, bet it on a fortune 10x that, and repeat, abandoning each project after it serves its purpose. It’s clear at this point that his next step has been political power since at least the Twitter purchase, and that step just had its Tesla takeoff moment. I think there’s basically no chance he fails to leverage that into an even greater fortune than everything that came before, even while letting Tesla and the rest run on autopilot.

Fading global Tesla sales are consistent with this: it’s what happens when you go all in on one party in one nation, and Musk has always been willing to bet big on his next move. Also, I doubt it’ll last.

Remember also that Trump is about to die and Musk is 53. What fortune is 10x greater than Musk’s current massive wealth and political power? The office of super-President that he’s now suddenly so engaged in helping create “for Trump”.

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

#735

Post by serjester »

sofixa wrote: post #56
averageRoyalty wrote: post #34

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…

According to this analysis from a few months back: https://www.wheresyoured.at/oai-business/ OpenAI are kind of fundamentally unsustainable as a business.

If someone has 0 understanding of what an embedding model is used for, I seriously question their ability to predict winners and loser in AI.

> OpenAI has a "text embeddings" API that is used primarily for tasks where you want to identify anomalies or relationships in text, or classify stuff in text"

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

#736

Post by orwin »

eitally wrote: post #183
orwin wrote: post #133

Earlier quoted context omitted.

I see your overall point, i think it is the wrong comp. It compare more to SAP or Atlassian.

I'm curious how you put OpenAI, SAP & Atlassian all in the same category. Do you mind explaining your thinking?

It's a comparison, not a same category.

Leaders in their market, at first because of a small moat and large advance, then the advance shrink but the brand will stay first for at least a decade due to brand recognition.

The Amazon comp works less, unless openAI start to suddenly build the sell their own chips.

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

#737

Post by AlexMuir »

jodrellblank wrote: post #582
godelski wrote: post #560

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…

Your mind produced a wonderful list of rabbitholes there! Lovely job.

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

#738

Post by chrisco255 »

cyberax wrote: post #730
chrisco255 wrote: post #665

Earlier quoted context omitted.

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.

Ok, you seem to be implying that just the use of GPL software necessitates the open sourcing of anything you build on it or with it. If that were the case, then all of AWS would be open sourced and all of the server backends built on Ubuntu clusters would have to be open sourced.

As far as I understand, its only "derivative" works that must be open sourced. Not merely building a software program or hardware device on top of a Debian OS. Tesla's control console is hardly a derivative work.

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

#739

Post by tarsinge »

floatrock wrote: post #606
saagarjha wrote: post #586

Earlier quoted context omitted.

The stock seems to be unaware though

Stock is betting on VP Musk continuing to pull up the ladder for all the EV competitors. Tesla CEO Musk got his fed grants to build out his charger network, now it's time to make sure no one else does so his remains on top. Downvote if you must, but the man knows how to protect his moats while branding it "ending wasteful government spending".

But competitors are already here and as others have stated Tesla sales are free falling outside the US, at best that’ll only work for the US. Even in that best case I don’t think that market alone justify the stock valuation. But even in the US I don’t get what will be the Tesla mass demographics anymore.

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

#740

Post by Geee »

h0l0cube wrote: post #732
Geee wrote: post #704

Earlier quoted context omitted.

That's exactly what I mean. Elon makes decisions to manage capital and talent, in order to make good things for the world, and thus accumulates more capital and talent to make more good things. He started from Zip2 and built his way to managing multiple companies, each of which make groundbreaking products and services. These products and services wouldn't exist without Elon. They wouldn't exist if capital wouldn't b…

> built his way > each of which make groundbreaking products and services It's like you didn't read a word I said. But to respond to your claim, which I've heard many times before – including from Paul Graham. Maybe he's some genius at allocating capital in your eyes or something, but I don't think his investment decisions were even that radical, but they are within the conservative circles of people who usually have…

It's not an opinion. The fact that he is the richest man in the world is the proof that his decisions have been succesful. And obviously it's not luck because of repeated success.
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