OpenAI's $150B conversion, Meta's AR glasses, Blue-collar boom, Risk of nuclear war
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All right, everybody, let's get the show started here. Jason, why are you wearing a tux? What's going on there?
Oh, well, it's time for a very emotional segment we do here on the all in podcast. I just got to get myself composed for this.
Jason, are you okay?
I'm going to be okay, I think.
It looks like you're fighting back a tear.
Yeah, this is always a tough one. This year, we tragically lost giants in our industry. These individuals bravely honed their craft at OpenAI before departing. Ilya Suskiver, he left us in May. Jan Laika, also left in May. John Shulman tragically left us in August.
Wait, these are all OpenAI employees? Yes.
Jared Sof left on Wednesday. Bob McGrew also left on Wednesday.
Too short. Too short.
And Mira Marotti also left us tragically on Wednesday.
We lost Mira too?
Yeah. And Greg Brockman is on extended leave.
The enforcer? He left too?
Thank you for your service. Your memories will live on as training data. And may your memories be a vesting.
Let your winners ride.
Rain Man David Sasson.
Love you guys. Queen of Kinwa. I'm doing all in.
Sorry, guys. Oh, my goodness. All those losses. Wow. That is. Three in one day. Three in one day. My goodness. I thought OpenAI was nothing without its people.
Well, I mean, this is a great. Whoa, we lost somebody. Whoa. What's happening? Wait, what?
This is like the photo in Back to the Future.
Wow, they're just all gone. Wait, oh no, don't worry, he's replacing everybody. Here we go. He's replacing with the G700, a Bugatti, and I guess Sam's got mountains of cash. So don't worry, he's got a backup plan, Shamaz. Anyway, as an industry and as leaders in the industry, the show sends its regards to Sam and the OpenAI team on their tragic losses and congratulations on the $150 billion valuation and your 7%. Sam now just cashed in $10 billion apparently. So congratulations to friend of the pod, Sam Oman. Is the round done?
That's all reportedly out of some article, right? That's not like confirmed or anything.
Is all of that done? I mean, it's reportedly allegedly that he's going to have 7% of the company and we can jump right into our first story.
I mean, what I'm saying is, has the money been wired and the docs been signed?
According to reports, this round is contingent on not being a non-profit anymore and sorting that all out.
They have to remove the profit cap and do the C-Corp.
There was some article that reported this, right? None of us have firsthand.
Well, it was Bloomberg. It's not some article. It was Bloomberg, and it got a lot of traction, and it was re-reported by a lot of places, and I don't see anyone disputing it.
So is mainstream media? We trust the mainstream media in this case because it aligns with Sachs' interest.
When we can do a good bit, yeah. That's mine. No, I think that Bloomberg reported it based on, obviously, talks that are ongoing with investors who have committed to this round. And no one's disputing it. Has anyone said it's not true?
This has been speculated for months. The $150 billion valuation raising something in the range of $6 to $7 billion. If you do the math on that, and Bloomberg is correct, that Sam Altman got his 7%. I guess that would be $10 billion.
You can't raise $6 billion without probably meeting with a few dozen firms. And some number of junior people in those few dozen firms are having a conversation or two with reporters. So you can kind of see how it gets out.
All right. And before we get to our first story there about OpenAI, congratulations to Chamath. Let's pull up the photo here. He was a featured guest. On the Alex Jones show. No, sorry. I'm sorry. That would be Joe Rogan. Congratulations on coming to Austin and being on Joe Rogan. What was it like to do a three-hour podcast with Joe Rogan?
It's great. I mean, I loved it. He's really awesome. He's super cool. It's good to do long form stuff like this so that I can actually talk.
Clearly is the limitation of this podcast is the other three of us. Finally, you have found a way to make it about yourself.
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