Chamath

I'm paid enough for health insurance. I have no equity in OpenAI.

I'm paid enough for health insurance. I have no equity in OpenAI.

No, Louisiana. That's Senator John Kennedy from Louisiana. He's a very smart guy, actually, with a lot of you know, sort of common folk wisdom. He got that simple talk. Yeah, exactly.

No, Louisiana. That's Senator John Kennedy from Louisiana. He's a very smart guy, actually, with a lot of you know, sort of common folk wisdom. He got that simple talk. Yeah, exactly.

Yeah, he's very funny, but... He's very funny. If you listen to him, he knows how to slice and dice his opponents.

Yeah, he's very funny, but... He's very funny. If you listen to him, he knows how to slice and dice his opponents.

Look, I said on a previous show that this organizational chart of open AI was ridiculously complicated and they should go clean it up. They should open up the books and straighten everyone out.

Look, I said on a previous show that this organizational chart of open AI was ridiculously complicated and they should go clean it up. They should open up the books and straighten everyone out.

And I also said that as part of that, they could give Sam Altman a CEO option grant and they should also give Elon some fair compensation for being the seed investor who put in the first $50 million and co-founder. And what you're seeing is, well, they're kind of doing that. They're opening up the books. They're straightening out the corporate structure.

And I also said that as part of that, they could give Sam Altman a CEO option grant and they should also give Elon some fair compensation for being the seed investor who put in the first $50 million and co-founder. And what you're seeing is, well, they're kind of doing that. They're opening up the books. They're straightening out the corporate structure.

They're giving Sam his option grant, but they didn't do anything for Elon. And I'm not saying this as Elon's friend. I'm just saying that it's not really fair to basically go fix the original situation. You're making it into a for-profit. You're giving everyone shares, but the guy who puts in the original seed capital doesn't get anything. That's ridiculous.

They're giving Sam his option grant, but they didn't do anything for Elon. And I'm not saying this as Elon's friend. I'm just saying that it's not really fair to basically go fix the original situation. You're making it into a for-profit. You're giving everyone shares, but the guy who puts in the original seed capital doesn't get anything. That's ridiculous.

And what they're basically saying to Elon is, if you don't like it, just sue us. I mean, that's basically what they're doing. And I said that they should go clean this up, but they should make it right with everybody. So how do you not make it right with Elon? I haven't talked to him about this, but he reacted on X saying this is really wrong. It appeared to be a surprise to him.

And what they're basically saying to Elon is, if you don't like it, just sue us. I mean, that's basically what they're doing. And I said that they should go clean this up, but they should make it right with everybody. So how do you not make it right with Elon? I haven't talked to him about this, but he reacted on X saying this is really wrong. It appeared to be a surprise to him.

I doubt he knew this was coming. So the company apparently made no effort to make things right with him. And I think that that is a bit ridiculous.

I doubt he knew this was coming. So the company apparently made no effort to make things right with him. And I think that that is a bit ridiculous.

If you're gonna clean this up, if you're gonna change the original purpose of this organization to being a standard for-profit company where the CEO who previously said he wasn't gonna get any compensation is now getting $10 billion of compensation, how do you do that and then not clean it up for the co-founder who put in the first $50 million? That doesn't make sense to me.

If you're gonna clean this up, if you're gonna change the original purpose of this organization to being a standard for-profit company where the CEO who previously said he wasn't gonna get any compensation is now getting $10 billion of compensation, how do you do that and then not clean it up for the co-founder who put in the first $50 million? That doesn't make sense to me.

And when Reid was on our pod, he said, well, Elon's rich enough. Well, that's not a principled excuse. I mean, does Vinod ever act that way? Does Reid ever act that way? Do they ever say, well, you know, you don't need to do what's fair for me because I'm already rich? That's not a principled answer.

And when Reid was on our pod, he said, well, Elon's rich enough. Well, that's not a principled excuse. I mean, does Vinod ever act that way? Does Reid ever act that way? Do they ever say, well, you know, you don't need to do what's fair for me because I'm already rich? That's not a principled answer.