Discussion

• @elonmusk Elon Musk on x

  @SawyerMerritt Not surprising

• @mikeisaac Rat King on x

  the annoying thing about musk (who leaps at the chance to ding any competitor) latching on to this news is that it muddies the water for any honest criticism i think sinking demand is interesting but am curious how representative one SPV is of the multitude offering shares [image…

• @downingark Frank Downing on x

  Good free marketing for this secondary marketplace but implying there is not institutional demand for OpenAI is just wrong. The company raised $122 billion from a long list of institutional investors. Just look at the press release. Why do they not count? Not exactly a surprise

• @mikeisaac Rat King on x

  this story is absolutely worth reporting (assuming the guy is honest) but it is an interview with one secondary marketplace owner, not an accounting of aggregate demand across all the secondary marketplaces other source here says that anthropic demand is up (also interesting) [im…

• @garymarcus Gary Marcus on x

  Remember how I said @CNBC that OpenAI might turn out to be the WeWork of AI? It's getting hard to unload their shares... cc @carlquintanilla

• @garymarcus Gary Marcus on x

  Sic transit gloria mundi. Six months later, Sam might not be able to find a buyer for Brad's shares. In no small part because he didn't have a decent answer to Brad's question of how to make OpenAI's finances work. Looking to heaven (note his eyeballs) didn't help.

• @thedataroom @thedataroom on x

  Oh boy lots to unpack here 1.  YES rat king is correct and intelligently observing that musk does sometimes leap at the chance to ding any competitor, even when it “hits the nail in very crooked”, sloppily misinterprets what's going on etc ("omg chatgpt caused suicide!") and it D…

• @mikeisaac Rat King on x

  @CPMou2022 one thing i will give you here is that the headline and framing seems fairly strong given that it's based on one secondary market exec's quotes and the ecosystem of those markets is much wider than any one dude's market aggregate demand across markets would give a bett…

• @mikeisaac Rat King on x

  @CPMou2022 i dont think “we dont allow secondary sales” negates the premise of this article. ancillary point what the guy is saying — and i dont know if true either way — is that he's still able to secure these unauthorized secondaries and people arent demanding them to the same …

• @nicrypto Nic on x

  OpenAI just raised $122bn. And $600m of its shares can't find a single buyer on the secondary market. Hedge funds and VCs trying to sell. Zero interest. Banks are waiving their fees just to move the stock. Meanwhile: $2bn in cash is lining up to buy Anthropic shares. At a 58%

• @ns123abc Nik on x

  Sam Altman 4 months ago: “if you want to sell your shares, I'll find you a buyer.  Enough!  I think there's a lot of people who would love to buy OpenAI shares.  We can sell your shares very quickly!”  LMFAOOOO this aged so badly

• @berber_jin1 Berber Jin on x

  this feels off to me lol

• @jimstewartson @jimstewartson on x

  There it is. The whole thing is going to come crumbling down. OpenAI is the cornerstone of the chatbot Ponzi scheme. It's got a trillion dollars of commitments. 40% of the S&P is exposed to this market. Gonna be ugly.

• @negligible_cap @negligible_cap on x

  In a pool of hundreds of institutional investors, they could not find a single buyer for OpenAI shares. IPO should be interesting to say the least

• @bennpeifert @bennpeifert on x

  Sam Altman definitely has your AGI ready to go, two weeks maximum, believe him, he's a super trustworthy guy [image]

• @tomhschmidt Tom Schmidt on x

  is this something you would do if you thought AGI was 9 months away?

• @negligible_cap @negligible_cap on x

  *OPENAI DEMAND SINKS ON SECONDARY MARKET AS ANTHROPIC RUNS HOT OpenAI shares are being sold in the secondary markets per Bloomberg with no buyers, while Anthropic shares are seeing record demand. Ken Smythe, the founder of Next Round Capital, noted that there was a huge drop in […

• @cpmou2022 Chengpeng on x

  The premise here is false because OpenAI has protections to shield consumers from unauthorized secondary sales, as outlined on our website. Btw, Next Round Capital (the source) has previously been served with a cease-and-desist letter by our legal team. https://openai.com/...."