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I'm no OpenAI apologist here, but I appreciate this perspective. Apple definitely played their timing right for maximum pre-IPO damage. It gives them tremendous
by solfox 2mo ago
I'm no OpenAI apologist here, but I appreciate this perspective. Apple definitely played their timing right for maximum pre-IPO damage. It gives them tremendous negotiating leverage on a possible settlement which could give them a chunk of OpenAI.
- jazzyjackson 2mo ago> [OpenAI instructing recruits to exfiltrate proprietary data from their current employer] gives them tremendous negotiating leverage
- cyanydeez 2mo agowolves in wolves clothing
- ahmadyan 2mo agohow? OpenAI did not launch any hardware (yet), and I don't think their IPO pricing hinges on them launching an iPhone competitor. To me, it looks like Apple wants to launch a similar AI hardware and is slowing-down the competition to be the first-to-market. Funny thing: they are barking at the wrong tree here.
- junesix 2mo agoThe risk is not hardware launch per se. It's the unresolved lawsuit from a powerful company that's hanging over OpenAI and what may be revealed if the case goes to trial and discovery. All that will get priced in by institutional investors. If OpenAI is shopping the IPO, it's likely among the first questions large investors performing due diligence will ask. The worst scenario is OpenAI tells investors that the risks are low, there's nothing damaging, the costs are immaterial, and tries to push forward. Then the case goes to trial and emails, Slack messages, documents are revealed in discovery that run counter to everything OpenAI told investors. Court issues an injunction, awards damages, OpenAI has to dismiss execs, secondary lawsuits are filed, existing investors release letters they had no idea, underwriter backs out, etc. That outcome could crush an IPO.