81–90 of 153 posts
> The new company has until now kept a low profile, and when it was started is not even clear. Any more details? Where is it located? Who is working there, For $6.2 billion raised I’m surprised their aren’t more details
$6.2 billion which are prob to be invested in amazon to be invested in the startup to be invested in amazon, so I would not assume such an amount actually implies the size where this would be surprising.
A lot of negative posts here, but AI to advance science seems like basically the best possible use case. The more ultrawealthy people who want to throw billions at it, the better.
Is "A.I." NYT house style? Looks rather jarring.
> Is "A.I." NYT house style? Looks rather jarring. I think their style is to use periods for acronyms, which I believe is traditional. A quick scan of their recent headlines turns up "U.S", "A.I.", "A.T.M.", "ICE", "L.P.G.A.", "REI", "U.K." I don't know what the reasoning behind the use of "ICE" and "REI" is, could be a mistake or a judgement that those words are tend to not be understood as acronyms, or something el…
Earlier quoted context omitted.
All companies are registered. They have to be registered to be legal entities, have bank accounts, and comply with tax laws. Private companies don’t need to publicly divulge a lot, though. It’s between the company and their investors. It’s only once a company wants to trade publicly that they have to provide a lot of public details and financials.
You don’t have to register a general partnership as long as it has one of the partners’ last name in the partnership name, although I guess you have to get an EIN to file partnership taxes. A sole proprietorship doesn’t have to register anything ever at all.
Jeff Bezos as a CO-CEO sounds like a corporate structure recipe for disaster.
> The new company has until now kept a low profile, and when it was started is not even clear. Any more details? Where is it located? Who is working there, For $6.2 billion raised I’m surprised their aren’t more details
Is that a thing in the US? You start a company and there's no need to register it with the government? Or it gets registered but there's no public records of it?
However, details like owners and organizers aren't always Available.
It gets further complicated with Series LLCs.
Congress passed a law that would have required "beneficial ownership" registration with law enforcement (FinCen), however, this registration would not have been public.
Further, it was found unconstitutional and enforcement of the registration requirement indefinitely suspended.
In general, if you are doing business in a state under a name or entiry other than your own legal name, you will be required to file something with the state, and that filing will include a registered agent where legal process can be served on the business, and this information will be public.
But if they aren't doing business publicly yet, no one will know the name of the business, so they can't look it up! It sounds like the name mentioned in the article may just be a code name.
Is "A.I." NYT house style? Looks rather jarring.
Honestly, why? Why not just focus on Blue Origin? I don't get this new Musk-like tendency to run multiple ventures instead of focusing on one very tough mission.
Well, at least it won’t be a fake nonprofit… I hope.
Well, Elon gets enormous amounts of tax dollars enabling him to move resources around between his investments. The billionaires aren't differentiable.
Probably because they're not continuous?