You all are obsessed with Elon, that's your job — like, more power to you
Not at all passive aggressive or insincere there.
this post was submitted on 05 May 2025
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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To be fair, looking good while being downwind of Elon being at least partially correct is probably an impossible feat.
And there Sam was, face to face with journos and unable to have his AI assistant come up with a burning retort 😰
This kills the OpenAI doesn't it? Im out at town at the moment so i cant easily check, I seem to recall that a large part of their existing investment rounds convert to debt if they can't reorganize.
(caveats: ianal, and not familiar enough with US corp law)
took a brief look at this last night and no, don’t think it entirely kills it. they’re changing two notable things: one is converting from whatever they are into a Public Benefit Corp, and the second is turning their weirdo ownership thing into actual stock
while those AG paragraphs do indeed indicate that they got told to get fucked, perverse incentives still apply and saltman still needs to try find a way out of the squeeze they’re in. don’t think they’d be doing either of those changes if they didn’t see a possible path to exploiting it
It’s ok, I’m sure their burn rate isn’t catastrophic, they’ll be fine.