Just look at Elon’s insane pay package, approved in a landslide. The skulls of the average shareholder must echo like a cave.
And the rich accuse the poor of their poverty being their own fault, because they are just being irresponsible, making bad decisions, and spending unwisely. They should look in the mirror.
Given you calling these people stupid, I'd be shocked if you out-earned them over the past 15 years[1]. And if your counter-argument will be "that's a bad yardstick" then what yardstick shall we use? I own no TSLA stock, nor do I particularly like Musk, but this weird irrational hatred just doesn't seem to contribute anything other than reiterating the (oh so boring) liberal "Musk bad" zeitgeist talking points.
[1] https://www.macrotrends.net/stocks/charts/TSLA/tesla/roe
You should view your contributions as a donation. What donation has a ROI?
That is, it doesn't matter so much if OpenAI and individual investors get fleeced, if there's a 20-50% labour cost reduction generally for capitalism as a whole (especially cost reduction in our own tech professions, which have been very well paid for a generation) -- Institutional investors and political actors will benefit regardless, by increasing the productivity or rate of exploitation of intellectual / information workers.
There are also a finite number of opportunities to invest in, so companies that have “buzz” can create a bidding war among potential investors that drives up valuations.
So that’s one possible reason but in the end we can’t know why another investor invests the way they do. We assume that the investor in making a rational decision based on their portfolio. It’s fun to speculate about though, which is why there’s so much press attention.
[1] https://en.wikipedia.org/wiki/List_of_largest_pension_scheme...
[2] https://en.wikipedia.org/wiki/List_of_sovereign_wealth_funds...
What happens to the ones that built for projects that end up failing? Seems to me the only way the story ends is with taxpayers on the hook once again.
What Would an AI Crash Look Like? - https://www.bloomberg.com/news/newsletters/2025-10-12/what-h...
> Experts note chief dealmaker Altman doesn’t have anything to lose. He has repeatedly claimed he does not have a stake in the company, and won’t have a stake even after OpenAI has restructured to become a public benefit corporation. “He has the upside, in a sense, in terms of influence, if it all succeeds,” said Ofer Eldar, a corporate governance professor at the UC Berkeley School of Law. “He's taking all this commitment knowing that he's not going to actually face any consequences because he doesn't have a financial stake.”
> That’s not good corporate governance, according to Jo-Ellen Pozner, a professor of management and entrepreneurship at Santa Clara University’s Leavey School of Business. “We allow leaders that we see as being super pioneering to behave idiosyncratically, and when things move in the opposite direction and somebody has to pay, it's unclear that they're the ones that are going to have to pay,” she said.
> Luria adds: “He can commit to as much as he wants. He can commit to a trillion dollars, ten trillion, a hundred trillion dollars. It doesn't matter. Either he uses it, he renegotiates it, or he walks away.” There are of course more indirect stakes for Altman, experts said, like the reputational blow he’d take if the deals fall apart. But on paper, he’d seemingly be off the hook, they said.
Is an intended takehome message of the article that Altman should invest his own money (with potential loss, or profit), or that he should be given a big compensation deal (maybe like the one Musk just got)?
Now you have a company where the leader at least notionally doesn't have that kind of a financial stake... and we think that's bad? I disagree with Altman on almost everything, but it feels like grasping at straws.
Taking that at face value, it means we would have to invest exponential resources just to get linear improvements. That’s not exactly an optimistic outlook.
OpenAI as an entity is only in trouble if they've bound themselves completely without any way out.
These "commitments" may just function as memorandums of understanding.
web3-is-a-scam•50m ago
She said the quiet part out loud? This was always the play, it is obvious. Too big to fail. National security concerns. China/Russia veer scary. Blah blah blah.
Altman’s libertarian pontification is so obviously insincere it’s laughable.
Polizeiposaune•47m ago
https://www.cnbc.com/2025/11/06/trump-ai-sacks-federal-bailo...
web3-is-a-scam•42m ago
coliveira•22m ago