Maybe it's not the LLMs nor the weights nor the data. But there are a great many things that can make a moat around a company: culture, talent, deals, investors, brand, press attention, willingness to boil the oceans. For the moment at least, OpenAI seems to have quite many of those.
I have an ignorant question about insider trading. Say I'm a company thinking about making a giant, billion dollar purchase. I will probably buy from one of a few companies. Can I legally buy a bunch of stock in one of those companies, then arrange a giant purchase, then announce it, and then sell the stock? Can I have insider knowledge about a company that the company in question doesn't itself know yet?
If by deals you mean all kinds of money shuffling nonsense that enables taking on more debt than they can ever payoff then yes. IF a person did it it would be called a financial crime.
I think people can excuse the Pied Piper's in market bubbles if they earnestly believe that what they are pushing is worth it / revolutionary even if they realize it is absurdly valued. What OpenAI and Nvidia are doing is insultingly in everyone's face. It's just a so obvious that it's become a bit of a punchline.
In today's episode Lutnick puts a UAE deal on hold until the UAE invests in the US. Things like this are going on daily. Lutnick's Cantor & Fitzgerald also handles Tether (located in El Salvador) collateral.
I'd be very surprised if "Open" "AI" did not get help from their new best friends in all those magical deals. Watch out if AMD gets any favors in the next month.
Buy OTM AMD call options before the deal and then book profit to cover part of the purchases.
Or company announces plan to buy Bitcoin, but doesn't actually do so. Buys call options before the announcement. Sells call options after the stock surges and uses proceeds and inflated stock to issue secondary offering to buy the Bitcoin, and buys puts before the secondary offering, also funding the BTC purchase. Stock returns to original price. Net result is free BTC.
There are tons of financial tricks by taking advantage of materially important news and the ability to 'create money out of thin air' by exploiting price swings.
There are some interesting points, but a few cringe things.
1) (referring to the Antifraud Company) "...they call themselves “a private-sector DOGE” -- Not exactly putting your best foot forward.
2) OpenAI paid $6.5B for Jony Ive's year old startup. That's a 'B'. Sure, stock is funny money, but it's difficult to defend the overpaying here. A lot of money seems to have been lit on fire.
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[ 2.6 ms ] story [ 31.9 ms ] threadKeep raising 10x more for each round of scaling and very quickly you get large enough to be able to bully anyone into playing with you.
Sama got big enough to be able to twist any arm he wants and soon OpenAI will be too large to fail.
AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake
https://news.ycombinator.com/item?id=45490549
https://www.ainvest.com/news/trump-ai-crypto-czar-sacks-nvid...
In today's episode Lutnick puts a UAE deal on hold until the UAE invests in the US. Things like this are going on daily. Lutnick's Cantor & Fitzgerald also handles Tether (located in El Salvador) collateral.
I'd be very surprised if "Open" "AI" did not get help from their new best friends in all those magical deals. Watch out if AMD gets any favors in the next month.
Or company announces plan to buy Bitcoin, but doesn't actually do so. Buys call options before the announcement. Sells call options after the stock surges and uses proceeds and inflated stock to issue secondary offering to buy the Bitcoin, and buys puts before the secondary offering, also funding the BTC purchase. Stock returns to original price. Net result is free BTC.
There are tons of financial tricks by taking advantage of materially important news and the ability to 'create money out of thin air' by exploiting price swings.
1) (referring to the Antifraud Company) "...they call themselves “a private-sector DOGE” -- Not exactly putting your best foot forward.
2) OpenAI paid $6.5B for Jony Ive's year old startup. That's a 'B'. Sure, stock is funny money, but it's difficult to defend the overpaying here. A lot of money seems to have been lit on fire.