> pulled their shoes from a ton of retailers. It went… not how they hoped.

but it went how most mere mortals would expect ...

Everyone I know wears shoes.

Aaron Swartz died so that "AI" billionaires can live.

The admin interface lets you control the birds.

By the end of the year (tm)

>30%+ of the price of a Nike product

it sure wasnt to pay the children who make them

I don't know about $100 back ... but their profit margin is $0.90 on the gpu that is bought with the $1 they lend / swap for equity + they get ongoing interest / equity stake.

Its a mighty fine deal for Nvidia

Their company is so volatile and unsustainable in the long-term that it makes sense to go public (for the current owners)

Only if they can find a way to dress up their financials for the IPO filing. They don't want to get WeWorked.

Yes, Sam definitely doesn’t want to be holding this bag.

Sam still doesn't have any equity.

People absolutely refuse to engage with this fact with even a modicum of substance.

Altman owns significant personal stakes in core technology, chip, and energy infrastructure sectors. His job is to hype AI so that the companies that supply the infrastructure behind it increase in value. When OAI becomes insolvent because their business model doesn't work, he can jump ship with no losses or liabilities.

This is a ludicrous theory for why he would turn down equity in OpenAI.

In the "volatile and unstable" scenario that you're replying to, the $BILLIONS from cashing out while it's a hot market is a more sure way to have long-term influence on things.

"the power"

It really doesn't matter. They're doing secondary offerings for employees and individual holders, and they'll have no issue allowing private transactions for larger holders.

The general wealth distribution has shifted to the point that they do not need access to public funds, and frankly, if they can't find private funds for their needs, it is a huge red flag that they would just be dumping on the public.

The problem with secondary offerings is that it means that someone in the private markets winds up holding the bag. It is in the best interests of insiders to have the public holding the bag if and when things go south. Even if you don't believe it will ever go south, the profits OAI would need to generate to justify the investment the private markets have flooded into OAI are absolutely gargantuan, and they are generally not built to sit around for multiple years collecting distributions. They need to return money to their LPs, and soon.

The "private market" at this point is so huge though that you'll have an "insiders" private market, and an "outsiders" public market to dump the bag on that the insiders don't care about.

That's fair, but there is clearly agitation from some corners to IPO at some point.

> it is a huge red flag that they would just be dumping on the public

unless the public is clueless

They needed to do a few nerfs and buffs to the other storage solutions to balance the game for the introduction of KALLAX

I predict that within 100 years, data centers will be twice as powerful, ten thousand times larger, and so expensive that only the 5 richest kings of Europe will own them