7 ms·

- You make a lot of money, do you? - I make, no, I paid enough for health insurance. I have no equity in OpenAI. - Really? That's interesting. https://www.yo

- You make a lot of money, do you? - I make, no, I paid enough for health insurance. I have no equity in OpenAI. - Really? That's interesting. https://www.youtube.com/watch?v=H7FsL6GPesY&t=19s https://www.youtube.com/watch?v=H7FsL6GPesY&t=19s

artursapek 3y ago
Does anyone actually believe Altman has no financial incentive in his OpenAI work?
- deleted 3y ago
  [deleted]
- belter 3y ago
  Bill Gates has been pledging to give away all his money for the last 20 years.. :-) In 2008: "Bill Gates pledges to leave his £30billion fortune to charity... rather than his children" - https://www.dailymail.co.uk/news/article-1027878/Bill-Gates-pledges-58-billion-fortune-charity--children.html https://www.dailymail.co.uk/news/article-1027878/Bill-Gates-... In 2022: "Bill Gates pledges to donate ‘virtually all’ of $113bn fortune to his foundation" - https://www.theguardian.com/us-news/2022/jul/15/bill-gates-billions-fotune-donate-foundation https://www.theguardian.com/us-news/2022/jul/15/bill-gates-b... In the meanwhile in 2023 is still the 6th richest. Giving money away is such a hard job :-))
  - darkerside 3y ago
    It actually is, if you care about where it goes
    - dchftcs 3y ago
      And also if you care if it's sustainable.
    - galleywest200 3y ago
      With that much money you can just pay an entire team to find places to send it for you.
      - belter 3y ago
        You pay a whole team of tax advisors, and lobbyists, so that no politician of enough weight in 20 years, says the magic word: "Billionaire Tax" "Global billionaire tax could yield $250 billion annually, study says" - https://www.reuters.com/business/finance/global-billionaire-tax-could-yield-250-bln-study-2023-10-22/ https://www.reuters.com/business/finance/global-billionaire-...
      - darkerside 3y ago
        That's a great strategy if you don't care where it goes. You'd probably be surprised how quickly money can disappear when you have people motivated to spend it.
      - fbdab103 3y ago
        It has been a winning strategy for SoftBank. When there are gigantic sums of money sloshing around, the waste can become enormous.
      - 93po 3y ago
        He does, it's literally what the Gates Foundation is for. It isn't easy to just give away $100,000,000,000 and trust that even half of that will get meaningfully spend and that it won't actually wind up getting abused by assholes in powerful positions and making things worse. That's $14 million per day for twenty years.
  - leobg 3y ago
    He’s much better at giving it away when he thinks he is investing. Stuff like shorting Tesla. Hence, some traders have started to follow something called the Inverse Gates Index.
- mrkramer 3y ago
  I think he said that he has equity in OpenAI but he also said that he is not motivated by money but by advancement of the AI and helping the humanity. If he was hardcore motivated by money he would spin off from the OpenAI and pull with him some of the developers and the investors and make his own LLM company.
deleted 3y ago
[deleted]
nwoli 3y ago
Isn’t lying to congress criminal

artursapek 3y ago

Does anyone actually believe Altman has no financial incentive in his OpenAI work?

deleted 3y ago
[deleted]
belter 3y ago
Bill Gates has been pledging to give away all his money for the last 20 years.. :-) In 2008: "Bill Gates pledges to leave his £30billion fortune to charity... rather than his children" - https://www.dailymail.co.uk/news/article-1027878/Bill-Gates-pledges-58-billion-fortune-charity--children.html https://www.dailymail.co.uk/news/article-1027878/Bill-Gates-... In 2022: "Bill Gates pledges to donate ‘virtually all’ of $113bn fortune to his foundation" - https://www.theguardian.com/us-news/2022/jul/15/bill-gates-billions-fotune-donate-foundation https://www.theguardian.com/us-news/2022/jul/15/bill-gates-b... In the meanwhile in 2023 is still the 6th richest. Giving money away is such a hard job :-))
- darkerside 3y ago
  It actually is, if you care about where it goes
  - dchftcs 3y ago
    And also if you care if it's sustainable.
  - galleywest200 3y ago
    With that much money you can just pay an entire team to find places to send it for you.
    - belter 3y ago
      You pay a whole team of tax advisors, and lobbyists, so that no politician of enough weight in 20 years, says the magic word: "Billionaire Tax" "Global billionaire tax could yield $250 billion annually, study says" - https://www.reuters.com/business/finance/global-billionaire-tax-could-yield-250-bln-study-2023-10-22/ https://www.reuters.com/business/finance/global-billionaire-...
    - darkerside 3y ago
      That's a great strategy if you don't care where it goes. You'd probably be surprised how quickly money can disappear when you have people motivated to spend it.
    - fbdab103 3y ago
      It has been a winning strategy for SoftBank. When there are gigantic sums of money sloshing around, the waste can become enormous.
    - 93po 3y ago
      He does, it's literally what the Gates Foundation is for. It isn't easy to just give away $100,000,000,000 and trust that even half of that will get meaningfully spend and that it won't actually wind up getting abused by assholes in powerful positions and making things worse. That's $14 million per day for twenty years.
- leobg 3y ago
  He’s much better at giving it away when he thinks he is investing. Stuff like shorting Tesla. Hence, some traders have started to follow something called the Inverse Gates Index.
mrkramer 3y ago
I think he said that he has equity in OpenAI but he also said that he is not motivated by money but by advancement of the AI and helping the humanity. If he was hardcore motivated by money he would spin off from the OpenAI and pull with him some of the developers and the investors and make his own LLM company.

deleted 3y ago

[deleted]

nwoli 3y ago

Isn’t lying to congress criminal