Waiting for the first right winger to complain that Gary should stick to AI and not discuss snowboarding or post pictures of trees. Just stick to something you know about Gary, or I will unsubscribe. 😀
If it comes down to legal arguments in court over valuation, Altman would have a solid basis that this was just a spoiler bid, not to be taken seriously.
I am familiar with the term "spoiler bids" in the arena of political races. e.g., someone running with no chance of winning just to syphon off votes against other candidates. In this case, if the offer was legitimate, meaning there was no collusion, then Altman could have accepted it. This suggests the bid was legitimate, unless it can be shown the offerer lacked the funds, or had an intention to withdraw/default upon acceptance. In a court case, the existence of the financial ability to complete the offer, if accepted, would make it difficult to prove it was made with the intention to be rejected.
Spoiler in the sense that Elon once made an "offer" over Twitter to buy out tesla, using the phrase "funding secured". It was not, and this led to some legal action. I would also point out Elon's actions after signing a contract to buy Twitter.
And, of course, if he were to take on OpenAI-for-Profit and all its assets, it is likely that all he will have left will be some software and some admin staff. I forecast that all the tech staff will resign en-masse.
Uncertain as to why the hostile takeover at this stage in the game. Either xAI can't reproduce OpenAI's work; OpenAI has exceptional talent pool worth aquihiring; OpenAI has business relationships that it wants; or there is advantage to reduce the number of foundational AI players down to 4.
I thought it was funny! Maybe if I posted the series of prompts to coax that out of it, you would find that funny? Probably not. My thoughts on a machiavellian man that is currently systematically running a bulldozer through American democracy with a bunch of junior software engineers we are told are going to be replaced by LLMs; who is making an offer to another machiavellian man systematically running a bulldozer through a nonprofit that makes said LLM’s? Well you’ve got to laugh haven’t you? You get what you vote for, until you don’t get to vote, kinda like the original board.
The obvious solution is for OpenAI For Profit to never make a profit, which could easily happen any way.
Those North Shore mountains were definitely beautiful today!
had to go now that the clouds had lifted!
100%
Waiting for the first right winger to complain that Gary should stick to AI and not discuss snowboarding or post pictures of trees. Just stick to something you know about Gary, or I will unsubscribe. 😀
This is not a tech play. Musk sees ChatGPT as a media platform, a place where people go to understand the world and create content.
Just he did with Twitter, he will turn ChatGPT into a platform for his political agenda.
Musk is a political actor now, and this is another platform for him.
If it comes down to legal arguments in court over valuation, Altman would have a solid basis that this was just a spoiler bid, not to be taken seriously.
I am familiar with the term "spoiler bids" in the arena of political races. e.g., someone running with no chance of winning just to syphon off votes against other candidates. In this case, if the offer was legitimate, meaning there was no collusion, then Altman could have accepted it. This suggests the bid was legitimate, unless it can be shown the offerer lacked the funds, or had an intention to withdraw/default upon acceptance. In a court case, the existence of the financial ability to complete the offer, if accepted, would make it difficult to prove it was made with the intention to be rejected.
Spoiler in the sense that Elon once made an "offer" over Twitter to buy out tesla, using the phrase "funding secured". It was not, and this led to some legal action. I would also point out Elon's actions after signing a contract to buy Twitter.
And, of course, if he were to take on OpenAI-for-Profit and all its assets, it is likely that all he will have left will be some software and some admin staff. I forecast that all the tech staff will resign en-masse.
Well, Altman can always retreat to Plan B:
Exponential Hype, Inc., home of Silicon Valley Joy Juice.
Take a sip, you won't regret it;
tastes so good, you can't forget it.
Silicon Valley Joy Juice, the Elixir of the Elite!
Watching Elon Musk purchasing Sam Altman's company from under him:
"... Mixed emotions, buddy. Like Larry Wildman going off a cliff in my new Maserati ..."
That corporate structure diagram looks like a joke. Unfortunately it isn't.
This is nothing that a cage fight couldn’t resolve.
Can they both lose?
Uncertain as to why the hostile takeover at this stage in the game. Either xAI can't reproduce OpenAI's work; OpenAI has exceptional talent pool worth aquihiring; OpenAI has business relationships that it wants; or there is advantage to reduce the number of foundational AI players down to 4.
Musk shooting OpenAI in the foot may be the only good thing he's doing this year
Ouch!
👀
I thought it was funny! Maybe if I posted the series of prompts to coax that out of it, you would find that funny? Probably not. My thoughts on a machiavellian man that is currently systematically running a bulldozer through American democracy with a bunch of junior software engineers we are told are going to be replaced by LLMs; who is making an offer to another machiavellian man systematically running a bulldozer through a nonprofit that makes said LLM’s? Well you’ve got to laugh haven’t you? You get what you vote for, until you don’t get to vote, kinda like the original board.