Retards selling nvidia really don’t understand economics behind making token price lower therefore multiplying potential demand for utilization under wider list of use cases
Inference was and will remain main reason for GPUs demand so this entire situation is so stupid
Nvidias black swan will come but it ain’t one
Disclaimer: admin own no position in nvidia and is unbiased here
Inference was and will remain main reason for GPUs demand so this entire situation is so stupid
Nvidias black swan will come but it ain’t one
Disclaimer: admin own no position in nvidia and is unbiased here
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You might have wondered why Musk proposed a $97.4 billion deal for OpenAI (or maybe you just learned about it—check the first two attachments for context).
Here’s the thing: the for-profit division of OpenAI is still owned by the non-profit OpenAI entity. It’s not legally permissible to simply sell it for $1—otherwise, every startup would try to incubate itself as a non-profit. However, in the U.S., it is possible for a non-profit to sell a for-profit entity it owns. This is where things get more interesting.
OpenAI’s recent valuation was approximately $150 billion.
Since Sam Altman is on both sides of the deal—as both the seller and the buyer—it’s clear that he would push for a lower price. Essentially, what Musk did was set a minimum benchmark for the price of the for-profit division. Selling it below Musk’s proposed price would now create a conflict of interest between the original OpenAI non-profit and the now-independent ChatGPT (or whatever it becomes).
Should Dev Meme post more content like this? Let us know!
#News
Here’s the thing: the for-profit division of OpenAI is still owned by the non-profit OpenAI entity. It’s not legally permissible to simply sell it for $1—otherwise, every startup would try to incubate itself as a non-profit. However, in the U.S., it is possible for a non-profit to sell a for-profit entity it owns. This is where things get more interesting.
OpenAI’s recent valuation was approximately $150 billion.
Since Sam Altman is on both sides of the deal—as both the seller and the buyer—it’s clear that he would push for a lower price. Essentially, what Musk did was set a minimum benchmark for the price of the for-profit division. Selling it below Musk’s proposed price would now create a conflict of interest between the original OpenAI non-profit and the now-independent ChatGPT (or whatever it becomes).
Should Dev Meme post more content like this? Let us know!
#News
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