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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Dev Meme / devmeme
Video
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Dev Meme / devmeme
WTF Ok, forget about memes for a second NIST is deprecating ECDSA/EdDSA/RSA as soon as 2030 and disallowing its usage since 2035 https://nvlpubs.nist.gov/nistpubs/ir/2024/NIST.IR.8547.ipd.pdf
Satya Nadella:
A couple reflections on the quantum computing breakthrough we just announced...
Most of us grew up learning there are three main types of matter that matter: solid, liquid, and gas. Today, that changed.
After a nearly 20 year pursuit, we’ve created an entirely new state of matter, unlocked by a new class of materials, topoconductors, that enable a fundamental leap in computing.
It powers Majorana 1, the first quantum processing unit built on a topological core.
We believe this breakthrough will allow us to create a truly meaningful quantum computer not in decades, as some have predicted, but in years.
The qubits created with topoconductors are faster, more reliable, and smaller.
They are 1/100th of a millimeter, meaning we now have a clear path to a million-qubit processor.
Imagine a chip that can fit in the palm of your hand yet is capable of solving problems that even all the computers on Earth today combined could not!
Sometimes researchers have to work on things for decades to make progress possible.
It takes patience and persistence to have big impact in the world.
And I am glad we get the opportunity to do just that at Microsoft.
This is our focus: When productivity rises, economies grow faster, benefiting every sector and every corner of the globe.
It’s not about hyping tech; it’s about building technology that truly serves the world.
https://x.com/satyanadella/status/1892242895094313420
A couple reflections on the quantum computing breakthrough we just announced...
Most of us grew up learning there are three main types of matter that matter: solid, liquid, and gas. Today, that changed.
After a nearly 20 year pursuit, we’ve created an entirely new state of matter, unlocked by a new class of materials, topoconductors, that enable a fundamental leap in computing.
It powers Majorana 1, the first quantum processing unit built on a topological core.
We believe this breakthrough will allow us to create a truly meaningful quantum computer not in decades, as some have predicted, but in years.
The qubits created with topoconductors are faster, more reliable, and smaller.
They are 1/100th of a millimeter, meaning we now have a clear path to a million-qubit processor.
Imagine a chip that can fit in the palm of your hand yet is capable of solving problems that even all the computers on Earth today combined could not!
Sometimes researchers have to work on things for decades to make progress possible.
It takes patience and persistence to have big impact in the world.
And I am glad we get the opportunity to do just that at Microsoft.
This is our focus: When productivity rises, economies grow faster, benefiting every sector and every corner of the globe.
It’s not about hyping tech; it’s about building technology that truly serves the world.
https://x.com/satyanadella/status/1892242895094313420
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