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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

#851

Post by Retric »

ben_w wrote: post #780
BoiledCabbage wrote: post #778

Earlier quoted context omitted.

> The company was seen as a financial disaster, a pipe dream, and a money sink for a very long time, and he did actually make it profitable. Pretty much mainly on government money - without it, it would've gone bust long ago. Specifically the policies of Obama and those pesk environmentalists he seems to dislike so much.

Probably, but making a sucessful transition to eco-friendly vehicles was the point of that government money, and at the time batteries were much more expensive. (The price of batteries is also why, at the time he went for batteries, the zeitgeist was hydrogen).

The founders who went for batteries were all about heavy acceleration at the time, which Hydrogen couldn’t really do.

He took over 5 years in when they already had the Roadster in production and the model S design was largely finalized with the goal of ever cheaper and more mass market cars over time.

The cyber truck’s look and buying solar city were definitely under his leadership, other moves are less clear.

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

#852

Post by llamaimperative »

porridgeraisin wrote: post #849
llamaimperative wrote: post #848

Earlier quoted context omitted.

[flagged]

> Why on earth would this be the case? Do you hear yourself? Here’s the answer: no, obviously. I have no skin in the game. I just hypothesised as to why the timing might overlap with your new government's crusade > If Elon thinks they’re too high, the new administration can negotiate them more vigorously next time around. They can take a position of across the board cuts if they want, but obviously the outcome is lik…

You really do have skin in the game, given how many medicines you use and will use are also developed with NIH funding.

Have you considered whether this was driven by the relative positions of Jupiter and Mercury? Or perhaps by the swirling of the tea leaves in Musk’s cup? It’s driven by a reckless attempt to reduce spending without having to think through the consequences because it’d take “too long.”

I’m not arguing that the overhead rates are correct or can’t be lower. I’m saying if you take a sports car to the shop and they start tearing parts out because “hey that looks different than the one in the Corolla,” you’d go to a different mechanic.

There is no reason to be jolting any of these systems this severely. The entire emergency is contrived in order to force through an ideological purification.

All language is lossy compression, obviously. Your version just overlays wishful thinking.

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

#853

Post by swat535 »

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.

As an interesting thought experiment, replace Musk's with Google.

Here are some recent headlines:

* "Google" group makes $97B bid for control of OpenAI.

* Teen on "Google's" DOGE team graduated from 'The Com'.

* "Google's demolition crew.

* Google's DOGE is feeding sensitive federal data into AI to target cuts

Then ask yourself, if you would write the same comment, calling "Sundar Pichai", a terrorists? Why or why not?

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

#854

Post by tim333 »

davidgerard wrote: post #461
h0l0cube wrote: post #307

Earlier quoted context omitted.

> "Well, it's because they're so talented and brilliant [...]" It's interesting to draw comparisons between Sam Altman and Liang Wenfeng, CEO of Deepseek, the latter of which is a domain expert, the former an exalted entrepreneur, supposedly gifted in allocating capital. If Sam has just been lucky with his one bet so far, there's bound to be some market corrections that are going to shake the world just like in the d…

Deepseek is run by a hedge fund and they are 100% in it for the money and not the culty AI doom BS, which helps a bit.

Dunno. In an interview:

Liang Wenfeng:... Providing cloud services isn’t our main goal. Our ultimate goal is still to achieve AGI.

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

#855

Post by londons_explore »

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.

> Tesla could go to zero and he'd still be a fabulously wealthy man,

I suspect he has so many huge loans leveraged on that tesla stock that if Tesla went to zero, he'd be at bankruptcy court...

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

#857

Post by lores »

swat535 wrote: post #853
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.

As an interesting thought experiment, replace Musk's with Google. Here are some recent headlines: * "Google" group makes $97B bid for control of OpenAI. * Teen on "Google's" DOGE team graduated from 'The Com'. * "Google's demolition crew. * Google's DOGE is feeding sensitive federal data into AI to target cuts Then ask yourself, if you would write the same comment, calling "Sundar Pichai", a terrorists? Why or why no…

Yes... Both would be terrorists if that's the appropriate word, it would just take a bit longer for people to call Pichai that because he hasn't defined his public image to be "Nazi edgelord" and minds need to adjust.

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

#858

Post by panick21_ »

londons_explore wrote: post #855
TrackerFF wrote: post #177

Earlier quoted context omitted.

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.

> Tesla could go to zero and he'd still be a fabulously wealthy man, I suspect he has so many huge loans leveraged on that tesla stock that if Tesla went to zero, he'd be at bankruptcy court...

Given that he owns a huge part of SpaceX that is also valued at many billions, that's highly unlikely.

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

#859

Post by kaycey2022 »

lores wrote: post #857
swat535 wrote: post #853

Earlier quoted context omitted.

As an interesting thought experiment, replace Musk's with Google. Here are some recent headlines: * "Google" group makes $97B bid for control of OpenAI. * Teen on "Google's" DOGE team graduated from 'The Com'. * "Google's demolition crew. * Google's DOGE is feeding sensitive federal data into AI to target cuts Then ask yourself, if you would write the same comment, calling "Sundar Pichai", a terrorists? Why or why no…

Yes... Both would be terrorists if that's the appropriate word, it would just take a bit longer for people to call Pichai that because he hasn't defined his public image to be "Nazi edgelord" and minds need to adjust.

Pichai is just a bureaucrat though

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

#860

Post by tim333 »

rvnx wrote: post #138
minimaxir wrote: post #112

Earlier quoted context omitted.

There's large brand value, and then there's $300B brand value. Without a moat, it's hard to argue OpenAI's value is that high.

You can choose as an investor between: a) Coca-Cola (~$300B, profitable, stable, stock-listed, well-known addictive brand, accepted business model with steady growth) b) OpenAI (bleeding cash: $5B lost last year, tech that is not really novel anymore, weird corporate setup, competition that offers similar products). It's not that easy to support the idea that OpenAI will be the winner.

Well, on the whole you can't because OpenAI isn't listed. If it was, retail investors would be piling in.
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