861–870 of 1001 posts
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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.
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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.
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Tesla sales are collapsing globally partly due to Musk's mental breakdown and are not likely to recover much, especially since Tesla no longer really has a CEO.
Mental breakdown? No, he is greedy, this is greed. He is greedy for power and money. As Terry Pratchett alludes to many of his books, the problems start when you treat other people as "things". And this is rife at the moment. So mental breakdown doesn't really cover it.
Come on, you cannot have missed this.
We started seeing signs of it when he called that diver rescuer a pedophile. Most recently its been him caught lying about him being the greatest gamer in the world and being one of his biggest fans (Adrian Dittman).
And then high on ketamine doing that salute on the inaguration
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> The American left, who hates Musk because he’s an outspoken and unrepentant capitalist (among other reasons) Ah yes, all the criticism I hear about Musk from my liberal friends has everything to do with his "unrepentant capitalism". You either have a small or very peculiar social circle. Your comment isn't technically wrong since you were thoughtful enough to add "(among other reasons)" but it almost beggars belief…
Yes, I’m apparently not the only one wondering why you consider him a terrorist, so please do.
As for why I and "the left" don't like him? To be honest, I don't really want to have that conversation in an internet forum, and your incuriosity on your original comment coupled with inserting words into my mouth gives me zero belief that this will be a good faith conversation. Just ask ChatGPT if you really want to know, or I'm sure there's reddit threads on the subject.
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It's currently #48 on the HN front page list.
Personally I don't use that anymore and use the algoria top results for the past 24 hours which is not affected by mods, flagging and the like.
https://hn.algolia.com/?q=&query=&sort=byPopularity&prefix&p...
It's #3 on that.
"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.
This is normal at this point. Netflix also wasnt making any money when it was new, same with Uber and more. You can't run in the race to the bottom if you're climbing to the top.
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My instinct says he wants OpenAI so he can turn ChatGPT into another propaganda machine like he did with Twitter.
It’s pretty wild to try to claim twitter wasn’t a propaganda machine before musk
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Tesla sales are collapsing globally partly due to Musk's mental breakdown and are not likely to recover much, especially since Tesla no longer really has a CEO.
Mental breakdown? No, he is greedy, this is greed. He is greedy for power and money. As Terry Pratchett alludes to many of his books, the problems start when you treat other people as "things". And this is rife at the moment. So mental breakdown doesn't really cover it.
Nazi salute (two actually) on national television? Destroy government extra legally with presidential pardon immunity? Bust on minorities etc with social impunity?
He doesn't just have eff you money, he has eff you status. No longer being restricted to the milquetoast middle ground CEO trap. Unrestricted treatment of low money people as subhumans. nothing like rights or laws to get in the way.
Thing is, his stock is very very tied to perception, which is a synonym for "hype".
You can see this emerging unrestraint coming from virtually all of silicon valley "leadership". Allin podcast. Zuck the MMA wannabe. Larry Ellison (the archetype) in orbit with trump. Gleeful twitters about eliminating all jobs with AI.
And yet we are entering an era of geopolitical uncertainty, war, reonshoring of manufacturing. To fight looming conflicts with China and Russia, what is needed is functioning institutional democracy, not venal banal oligarchical corruption.
The other historical danger is that the rich poor gap is indicative of a forthcoming rebellion of the lower class. Trump is himself a symptom of this, and while the poor continue to divide themselves between the two parties, Trump shows that wild unpredictable swings in voter sentiment can bring unexpected candidates to the fore.
All it takes is one charismatic candidate to pledge to cull the rich and being universal healthcare...
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As of a little while ago, he’s gone from X
Given that Musk is "White House Tech Support" can he actually ban him? Doesn't Ye(Kanye) have a first amendment right to be on twitter, since twitter is now run by a "government" official?