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Elon Musk’s Boisterous OpenAI Bid
Manage episode 466642785 series 2998270
Content provided by Eric Newcomer | newcomer.co. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eric Newcomer | newcomer.co or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Eric and Madeline unpack the biggest “deal that wasn’t” story of Elon Musk’s unsolicited offer to purchase OpenAI for $97.4 billion. WIth Sam Altman flat-out rejecting the offer on X, this feels less like an offer and more of a statement about Musk’s frustration with OpenAI’s continued conversion to a for-profit company that competes with him. Pressures have been mounting on engineers to look for greener pastures, though, if Thrive Capital’s Joshua Kushner’s urging speech for talent to stay put is any indication.
Then, they turn to Eric’s reporting on Lightspeed Venture Partners’ new fundraising documents, where the megafirm showed stronger returns on earlier funds ahead of its next big capital raise. They also unpack the AI Action Summit’s 180-degree swing from an AI safety forum to a conference dominated by CEOs and accelerationist world leaders. They close with a breakdown with a who’s who on the cap table of legal-tech Harvey’s latest Series D, and Mercury’s rumored new Sequoia-backed fundraise.
Produced by Christopher Gates
Music by Suno
167 episodes
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Manage episode 466642785 series 2998270
Content provided by Eric Newcomer | newcomer.co. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eric Newcomer | newcomer.co or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Eric and Madeline unpack the biggest “deal that wasn’t” story of Elon Musk’s unsolicited offer to purchase OpenAI for $97.4 billion. WIth Sam Altman flat-out rejecting the offer on X, this feels less like an offer and more of a statement about Musk’s frustration with OpenAI’s continued conversion to a for-profit company that competes with him. Pressures have been mounting on engineers to look for greener pastures, though, if Thrive Capital’s Joshua Kushner’s urging speech for talent to stay put is any indication.
Then, they turn to Eric’s reporting on Lightspeed Venture Partners’ new fundraising documents, where the megafirm showed stronger returns on earlier funds ahead of its next big capital raise. They also unpack the AI Action Summit’s 180-degree swing from an AI safety forum to a conference dominated by CEOs and accelerationist world leaders. They close with a breakdown with a who’s who on the cap table of legal-tech Harvey’s latest Series D, and Mercury’s rumored new Sequoia-backed fundraise.
Produced by Christopher Gates
Music by Suno
167 episodes
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