outside1234

It looks like Greg needs to make another deposit to the fuhrer

It's almost like he expects bribes to release the model, but I'm just being paranoid.

The investment bankers were in there manipulating, but that's over, and gravity is here.

OpenAI is in deep trouble is what I am reading into this

This. I just open the Obsidian folder (aka "vault") in VS Code and BOOM, it is AI friendly. I just hack on the .md files like I would code with Copilot.

Where the OP got this wrong is by stating the top 1% vs. top 0.01%. It is entirely true that the top 1% pay a lot of tax. There are a lot of us here that are in the top 1% and god knows we pay a lot of taxes.

The top 0.01% however have access to vehicles that mean they can pay very little in taxes by taking low interest rate loans against huge amounts of capital. This 0.01% is the problem, not the 1%.

The best part is that you just KNOW this is a documentary film too

And the Republicans wrecked it by getting rid of the mandate and then not funding the subsidy.

The worst part about the current situation is that the company is then just turning around and hiring people.

It is almost like the company really is just doing it to arbitrage or get rid of expensive (aka old) employees.

Literally nothing has changed except for the names though?

They know what they are doing in the sense that it is all about the looting

I wake up every morning amazed that there were enough people foolish enough to buy a company with only $18B in revenue and no profit at basically at the valuation of Microsoft (a company with $300B in revenue and $100B in profit).

20% time project != able to just launch it YOLO style

I suspect the core issue here is that he launched it with Google logos without following any sort of process

I mean can't we say the same thing about sending around a .exe though?

There is also probably a balance of payments aspect of this. Chevron uses a ton of Azure. They probably asked for Microsoft to use some amount of Chevron in exchange. This is probably that deal.

I’m glad to see that there aren’t any comments here about how tech is special and doesn’t need a labor union.

SpaceX is just a vibe company. Nothing they are doing makes sense on a valuation basis, which their investors are eventually going to painfully figure out.

Github Copilot is so much better than Cursor and a worldwide sales team. This acquisition has no chance.

Have you not looked at Elon's bank account? WINNING*

* via government subsidies

These two things are linked because the outcomes are power law.

This is a good question and I think it depends on who acquires who.

If we wants control and SpaceX acquires Tesla, then I think it drops out until there is profitability.

Thinking too small. With grandma's pension we can get to at least 5.

What do you want? Him to act in the shareholder's interest or something?

Just keep changing the goalposts so all of rubes investing in these junk stocks can keep drinking the koolaid.

Also, so Elon can raid the company treasury.

Is OpenAI bankrupt yet?

The only feature that looked compelling to me was the ability to have "multi-monitor" on a plane.

Did anyone ever use that and did it live up to the hype? Or did you just get sick from having a headset on?

The next time there is a real correction all of these “concept cult” stocks are going to get hammered.

“When the tide goes out we will find out who has no shorts on.”

It is seriously baffling to me who is going to buy shares in this with 1) this structure and 2) at this valuation.

And it is a LOT of money that he is floating ($77B) so there have to be dumb people at scale for this to work.

EDIT: A data center REIT where 1/5th of the datacenter falls apart each year and needs to be rebuilt. (aka "not a good REIT investment")

Because the GPUs go out of date.

"We want to be ready to grift public money at a moment's notice, but there are still opportunities to grift private money right now, so we are holding off."