TSMC suit: “And is the seven trillion dollars in the room with us right now?”
Ya gotta imagine that TSMC execs are going to have a “hard-nosed realist” vibe compared to the average Silicon Valley tech guy.
Altman used his multi-stop trip to pitch his plans to progress AI, involving Asia’s manufacturing muscle, Middle Eastern money, and U.S. regulators.
Slave labour, oil money and regulatory capture come together to form… whatever the fuck this is.
This really seems like a bad joke. They are setting the world on fire for slightly better chatbots.
better
doubt
Slightly better chatbots and much fuller wallets, their wallets
Where is the money even coming from?
Seems like he’s getting investment from many of the same folks who are selling him the hardware and renting the rack space. It’s just an investment oroboros.
Yep, it’s another Tesla or Boring company
This guy’s all dip and no chips
This was the guy that Microsoft saved?
You mean when the board of directors wanted to fire him? Considering the recent news of OpenAI transitioning towards for profit i think they got what they wanted from keeping him in charge. Seems like something Microsoft would benefit from and if they’d have gotten a different CEO at the time who knows if it had come to this point.
How do you profit of a company that hemorrhages a few billion a year?
Even Amazon had AWS, which was the absurdly profitable core business at the center of a cost bleeding distribution center.
OpenAI is doing nothing to generate economic value.
The alternative was ceding it to the people that are True Belivers iirc? Say what you will about Sammy boi, I’m pretty sure at least he doesn’t fucking believe in the lies he says, something that cannot be said about Ilya or some other (former) high profile people there.
Point well made. Engineers, however quantitative they may be, are not often finance people. If the true believers were left in charge, they’d probably bankrupt promises much more rapidly, and auger the whole enterprise into the ground that much quicker. I can’t see that Altman is actually that great a finance guy either, at least in stewardship of other people’s money, but he has cultivated the ability to manipulate cash out of people and institutions during this grift-dominant era of Silicon Valley.
