OpenAI–Microsoft Restructure, Winning Formula for AI Founders, 𝕏 Timeline Reactions

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TBPN 2h 8m 3 speakers 8 chapters transcribed 25 days ago
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What is the opening banter and who is the “Tech Bro final boss” being introduced?

Jordi Hays 0:00
You're watching TV PN. We are in an undisclosed location, so we will be a little bit quieter with the intro, but uh it is Friday. It's September 12th. Not to yell. Yes, it hurts. We will be back in the Ultradome soon, don't worry. But uh today we are still uh emotionally in the Temple of Technology, the Fortress of Finance, the Capital Capital, and we need to kick it off with the level 100 performative Tech Bro final boss, Peter Diamandus. Are you familiar with Diamandus?
John Coogan 0:29
An absolute legend of the game.
Jordi Hays 0:30
Yeah. Uh what is it? Singularity
John Coogan 0:32
diversity?
Jordi Hays 0:33
Yeah. Yeah. I mean he has a podcast. He's he's done a number of businesses, X Prize, I believe, Moonshot stuff. Um, but uh man, was he early to the singularity game? Yeah. Like it's he was talking about that with the the Kurzweil era.
Unknown 0:46
Yeah.
Jordi Hays 0:47
Um and uh but the whole reason he's getting called a performative tech bro final boss is because of course he is vibe coding on Replit over Starlink himself up
John Coogan 0:59
to the Bay Area. The only thing he missed was sleeping on an an eight sleep.
Jordi Hays 1:03
Sleeping on an eight sleep. He should have had the eight sleep in there.
John Coogan 1:05
Yeah.
Jordi Hays 1:06
And then he should have had infinite jest printed out sort of next to him.
John Coogan 1:09
Some type of uh Homegrown like autonomous flying setup, actually flying the plane.
Jordi Hays 1:15
He should have had a ramp card in display. That's right. Time is money, save both. Easy use corporate cards, bill payments accounting, a whole lot more all in one place. A lot more. Um we are of course on the road. We've been on the road a lot this week.
John Coogan 1:27
We hate being on the road.
Jordi Hays 1:28
It's not our favorite thing. It's very, very rough. We know it changed the show. Hopefully we will uh get back in the swing of things and kind of bring you the show that you know and love. Um But uh doing our best. Uh of course this pot this stream's made possible, right? Restream one live stream, 30 plus destinations, multi-stream and reach your audience wherever they are. Uh and uh for our gracious hosts were able to loan us a uh a whiteboard where we were able to piece together exactly what's going on in tech. We're gonna take you through the stories today. Open AI.
John Coogan 2:00
Calling this out. This is like someone's gonna spend the next uh trying to decipher three hours trying to decipher it. They
Jordi Hays 2:07
will understand the real nature of tech, how it all
John Coogan 2:10
connected. This is the current state of tech, right.
Jordi Hays 2:13
I like it because there are some connections there, like Amazon and Anthropic. That red line is real.
John Coogan 2:19
The Hamptons and PoTek. Also there's the connection there.
Jordi Hays 2:24
Uh well, Minnitus, we'll leave it up to the viewer. That's an exercise for the viewer to see how he's involved. Uh we didn't get Figma on there. We should have brought we should have been doing all this on a fig jam. Uh you should go to Figma.com, think bigger, build faster. Figma helps design and development teams build great products together. Get started for free. So the actual big story is that OpenAI, the nonprofit, is going to control its for-profit arm and own equity valued at $100 billion. I believe this. will make it the most highly valued nonprofit or like the most profitable nonprofit in world history, the best funded nonprofit, right? Uh and it is remarkable to think about what that will be like.
Jordi Hays 3:02
People have kind of written off the nonprofit as like It's going away. Like it is not going away. Like it will continue to be a credit
Edward Coristine 3:09
back.
Jordi Hays 3:10
It's it's it's incredibly back. Uh funded forever, essentially, to do a ton of interesting things. I think we're gonna see interesting things about uh come out of that organization. Uh, but anyway, the news, this is from the journal, and we'll and we'll break this down. But Nick has it summarized here. OpenAI LLC will be converted into a Delaware public benefit corporation. OpenAI nonprofit retains control of the new public benefit. benefit corporation. The nonprofit will hold $100 billion plus of equity in the public benefit corporation. The PBC structure enables raising large amounts of capital for the mission. Um Which obviously they're already doing. Uh they're still aligned with ensuring AGI benefits all of humanity.

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