Money Stuff: The Podcast

Bespokeness: AI, Passthrough, UST

85 snips
Feb 14, 2025
Katie and Matt dive into the intriguing battle over OpenAI, exploring the implications of a potential takeover and the complex transition from nonprofit to for-profit. They tackle the controversial topic of pass-through fees in hedge funds, highlighting investor frustrations and trends toward buffer ETFs. A captivating thought experiment pits Microsoft's financial strategies against U.S. debt, raising questions about risk and trust. The conversation is layered with humor and sharp insights into the future of funding and investment in today's competitive landscape.
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ANECDOTE

Musk's Hostile Bid for OpenAI

  • Elon Musk offered OpenAI $97 billion, potentially disrupting their for-profit conversion.
  • This is seen as a hostile move, possibly to hinder OpenAI and benefit Musk's XAI.
INSIGHT

The Value of Control in OpenAI

  • Musk's bid targets the nonprofit's control of OpenAI, not the entire company.
  • This control is valuable, especially for Musk, who runs a competing AI company.
INSIGHT

Investor Uncertainty in OpenAI

  • Musk's bid creates uncertainty for OpenAI's non-controlling investors.
  • It's unclear what his control would mean for their investments.
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