sekai (u/sekai) - Readit News

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sekai commented on The next chapter of the Microsoft–OpenAI partnership openai.com/index/next-cha... · Posted by u/meetpateltech

afavour · 2 months ago

It's all so unfathomably stupid. And it's going to bring down an economy.

sekai · 2 months ago

> It's all so unfathomably stupid. And it's going to bring down an economy.

Dot-com bubble all over again

sekai commented on The next chapter of the Microsoft–OpenAI partnership openai.com/index/next-cha... · Posted by u/meetpateltech

cjbarber · 2 months ago

> Microsoft holds an investment in OpenAI Group PBC valued at approximately $135 billion, representing roughly 27 percent on an as-converted diluted basis

It seems like Microsoft stock is then the most straightforward way to invest in OpenAI pre-IPO.

This also confirms the $500 billion valuation making OpenAI the most valuable private startup in the world.

Now many of the main AI companies have decent ownership by public companies or are already public.

- OpenAI -> Microsoft (27%)

- Anthropic -> Amazon (15-19% est), Alphabet/Google (14%)

Then the chip layer is largely already public: Nvidia. Plus AMD and Broadcom.

Clouds too: Oracle, Alphabet/GCP, Microsoft/Azure, CoreWeave.

sekai · 2 months ago

> This also confirms the $500 billion valuation making OpenAI the most valuable private startup in the world.

SpaceX?

sekai commented on Space Elevator neal.fun/space-elevator/... · Posted by u/kaonwarb

Yizahi · 2 months ago

Russia, China, Iran etc. are throwing a hissy fit whenever even a small weapons are deployed in the neighboring countries. USA too if we are being fair. They won't even wait for that opportunity.

sekai · 2 months ago

> Russia, China, Iran etc. are throwing a hissy fit whenever even a small weapons are deployed in the neighboring countries

Because that's all they can do

sekai commented on The world's first: WAYMO DDOS twitter.com/rtwlz/status/... · Posted by u/sekai

sekai · 2 months ago

"The plan? At dusk, 50 people went to San Francisco's longest dead-end street and all ordered a Waymo at the same time.

The world's first: WAYMO DDOS

We didn't actually get in the cars. They left after about 10 min and charged a $5 no show fee. Waymo handled this well. I assume this isn't much different than if a big concert had just ended. Eventually, they disabled all rides within a 2 block vicinity until the morning "

Posted by u/sekai 2 months ago

The world's first: WAYMO DDOS twitter.com/rtwlz/status/...

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sekai commented on OpenAI and Nvidia announce partnership to deploy 10GW of Nvidia systems openai.com/index/openai-n... · Posted by u/meetpateltech

freedomben · 3 months ago

They've been sleeping with Oracle too recently, so I don't think they're breaking up, just dipping a toe in the poly pool

sekai · 3 months ago

In true Bay Area fashion?

sekai commented on Nvidia buys $5B in Intel tomshardware.com/pc-compo... · Posted by u/stycznik

prewett · 3 months ago

Except that Nvidia, Inc. doesn't own any of that NVDA stock, other people do, and they cannot access that money. Nvidia, Inc. owns net profit, which is orders of magnitude less than market cap. Last year's net profit was just under $73 billion. ($5 billion is still very affordable, too be sure).

sekai · 3 months ago

> Except that Nvidia, Inc. doesn't own any of that NVDA stock, other people do, and they cannot access that money. Nvidia, Inc. owns net profit, which is orders of magnitude less than market cap. Last year's net profit was just under $73 billion. ($5 billion is still very affordable, too be sure).

Not all deals are made in cash, they can borrow money against their market share.

sekai commented on Family of MSFT employee who died warn tech companies not to overwork workers padailypost.com/2025/08/2... · Posted by u/christhecaribou

martin-t · 4 months ago

How about instead abolishing privately owned companies?

Most western countries are democracies because people got fed up of being exploited by dictators (sometimes called "kings"), removed them and setup a system in which they elect who makes the decisions. This system has issues but is less bad than dictatorship.

Yet, companies kept their hierarchical power structures.

Workers should decide who makes the decisions. If they don't wanna invest time into selling their product, they hire a salesman. If they want somebody to make long term projections, plan what gets worked on and communicates with other teams, they hire an assistant. And they decide how much he gets paid according to how much value he actually brings them.

Managers should be assistants.

sekai · 4 months ago

> How about instead abolishing privately owned companies?

We tried that in my country for about 50 years, it didn’t work out.

u/sekai

KarmaCake day694April 8, 2018View Original