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🚨 Do you understand what SCAM ALTMAN has been doing? He made a crypto called Worldcoin that scans your eyeballs with a metal orb in exchange for tokens. The token hit $11.74 in 2024. Today $WLD is $0.28. Down 97%. His foundation dumped $65 million worth last week at...

823,903 Aufrufe • vor 3 Monaten •via X (Twitter)

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Elon Musk is on the witness stand in Oakland right now telling a jury how Sam Altman stole a charity. Not a company. Not a venture. A charity. The founding documents are entered into evidence. It started with a conversation. Google co-founder Larry Page called Musk a “speciesist” for favoring humanity over computers. At his own birthday party. In front of a crowd. One of the most powerful technologists on the planet told the man beside him that caring more about human survival than machines was a character flaw. Musk walked away from that conversation and asked one question. What is the exact opposite of Google? Musk: “It would be an open-source non-profit. And that is where the word ‘open’ in OpenAI comes from.” He funded it. Named it. Recruited the researchers. Brought in Ilya Sutskever. Personally brokered the original Microsoft Azure deal with Satya Nadella. Musk: “I came up with the idea, the name, recruited the key people, taught them everything I know, provided all the initial funding.” $38 million of his own money. Into a structure designed to prevent any single person from profiting off the most dangerous technology ever built. The founding charter is now sitting in front of a federal jury. It says OpenAI was created to build “open source technology for the public benefit” and was “not organized for the private gain of any person.” Then they offered Musk shares. He turned them down. Musk: “Non-profits are not supposed to have shares. It did not seem morally or legally defensible.” The man who built it refused the money because the mission was never supposed to make anyone rich. Then something changed. Sam Altman took that structure and converted it into a for-profit subsidiary. Attracted a $10 billion Microsoft investment. And built what is now approaching a trillion-dollar company on top of $38 million in charitable donations. When Musk found out about the Microsoft deal, he texted Altman directly. Musk: “I said, ‘What the hell is going on?’ I think I said, ‘This is a bait and switch.’” The media frames this as a billionaire grudge match. Two egos fighting over territory. That framing is a lie designed to make you look away from the documents. This is not a dispute over equity. Musk is not asking for money back. He is asking the court to return every dollar to the nonprofit foundation. $130 billion in damages. Altman and Brockman removed from their positions. The entire for-profit conversion unwound. He wants the charity restored because it was never supposed to be anything else. Then from the stand, one line. Musk: “I was a fool. I gave them free funding to create a startup.” $38 million donated to protect the species. Turned into an $800 billion vehicle for private enrichment. The most sophisticated theft of charitable intent in American corporate history. And if this conversion stands, it sets the precedent for every nonprofit that comes after it. Every donor who writes a check believing a charter means something. Every mission statement drafted to protect the public instead of enrich the founders. If you can collect tax-exempt donations, build the most valuable technology on Earth, and hand the returns to private shareholders, then the nonprofit structure is not a safeguard. It is a startup incubator for anyone willing to rewrite the paperwork. And the question no one in that courtroom is asking. If the people handed the tools to protect humanity used them to enrich themselves instead, what does that tell you about what happens when the technology actually arrives? The charter said for the benefit of all. The cap table says for the benefit of Sam Altman.

Dustin

58,389 Aufrufe • vor 2 Monaten

OpenAI entered 2026 with the most insane revenue targets in corporate history. $30 billion in sales. Up from $13 billion in 2025. While LOSING $14 billion doing it. Let's understand this: OpenAI needed to convert from nonprofit to for-profit by December 31st, 2025 to unlock their $40 billion SoftBank funding. Miss that deadline? The round drops to $20 billion. And they made it. But here's the thing: The nonprofit STILL controls everything. They spent an entire year fighting to become for-profit, got sued by Elon Musk, pissed off California's attorney general, lost key employees over it. Then ended up basically right where they started. Except now the nonprofit has a $130 billion stake and Microsoft got $135 billion for 27% ownership. So OpenAI burned a year of political capital to give away $265 billion in equity while keeping the same power structure that almost destroyed them in 2023. The revenue math is absolutely deranged: To hit $30 billion in 2026, they need to more than double revenue in 12 months. No company in history has done this from a $13 billion base. Not even Nvidia. Not even ByteDance. OpenAI wants to go from $10B to $100B in 3 years. And the losses are worse: $14 billion in losses in 2026. Triple their 2025 burn. They've committed to: - $250 billion to Microsoft Azure - $38 billion to Amazon AWS - $1+ trillion in chip deals with Nvidia, AMD, and Broadcom They won't be profitable until 2029. Maybe. But here's the part that makes this whole thing insane... They're not just competing anymore. Anthropic: Fully for-profit. On track for $15 billion revenue in 2026. AI insiders surveyed in December said they'd invest in Anthropic over OpenAI. Meta's pouring billions into Llama. Chinese models eating market share. And OpenAI still has to answer to a nonprofit board that can shut down AGI research whenever they decide it's not "benefiting humanity." The same board that fired Sam Altman in November 2023. The investors know this. That's why the $40B was contingent on conversion. When OpenAI reversed course and kept nonprofit control, they had to give the nonprofit a $130B stake. Basically: "You can keep control, but you better make us whole." What happens if they miss targets? The Azure commitment becomes a liability. The AWS deal gets renegotiated. The nonprofit board starts asking why they're burning billions while people die of preventable diseases. Investors start wondering if that $300B valuation was justified. OpenAI is betting they can: 1. More than double revenue annually for 3 years straight 2. Burn $44 billion doing it 3. Keep a nonprofit board happy 4. Fend off Anthropic, Meta, and Chinese competitors 5. Avoid another Sam Altman situation 6. Actually build AGI 7. Convince everyone it was worth it Nobody in history has pulled this off. We're 1 day into 2026. By December 31st, we'll know if OpenAI is the most ambitious company ever built or the biggest AI bubble in history. What are you betting on?

Ricardo

97,607 Aufrufe • vor 6 Monaten

In 19 days, a jury in Oakland is going to decide whether the entire legal foundation of the AI industry is built on fraud. Everyone thinks the Musk vs Altman lawsuit is a billionaire grudge match. Two egos, one grudge, a $150 billion damages number designed for headlines. Easy to dismiss. Easy to scroll past. That's exactly what Altman wants you to think. Because what's actually on trial on April 27 is something much BIGGER than Elon's hurt feelings... A jury is going to decide whether you can legally take billions of dollars in nonprofit donations, use them to build the most valuable technology in human history, and then quietly convert that nonprofit into a for-profit company worth $850 billion. If the answer is no, the entire AI industry has a problem. Because OpenAI is not the only company that did this: Anthropic was founded by OpenAI defectors using the same nonprofit-first mission language. xAI pitches itself as building AI "for humanity." Every frontier lab has used the moral cover of "we're doing this for the good of the world" to attract talent, capital, and regulatory goodwill they would have never gotten otherwise. An Elon win doesn't just touch OpenAI. It creates a legal precedent that every AI company built on a nonprofit or public benefit promise becomes vulnerable to shareholder and donor clawback suits. That's why this case matters. And that's why Altman is panicking. Just look at what he did this week: Elon filed a motion demanding the court remove Altman and Brockman from their roles and FORCE OpenAI to return to its nonprofit origins. Then he amended the suit to say if he wins the $150 billion, all of it goes to OpenAI's charity arm. Not him. Zero dollars to Elon personally. That amendment was surgical. It stripped Altman of his entire public defense. He can no longer claim this is about Elon's ego or Elon's bank account. Elon is now legally on record saying he just wants the mission back. OpenAI's response was to panic-write a letter to the California and Delaware attorneys general asking them to investigate Elon for "anti-competitive behavior." Their strategy chief publicly accused Elon of coordinating attacks with Mark Zuckerberg. They called the lawsuit "harassment driven by ego and jealousy." That's NOT the response of a company that thinks it's going to win. Real companies with real defenses don't ask the government to silence the person suing them 3 weeks before trial. They let the evidence speak. OpenAI is scrambling because they know what's in discovery. Elon's team has been building this case for two years. Emails, board minutes, internal conversations about the conversion. The kind of paper trail that juries understand and executives can't explain away. And the timing couldn't be worse... OpenAI is trying to IPO at $852 billion. They just raised $122 billion. Microsoft has $135 billion of exposure to them. A jury verdict that even partially sides with Elon in late April or May would crater the entire IPO runway and send shockwaves through every major AI investor on Earth. This is why Altman spent the last 2 weeks doing press tours and policy blueprints and "super intelligence agendas" aimed at Washington. He's trying to REFRAME himself as the responsible statesman of AI right before a jury decides if he's a con artist. Most people will watch this trial start and think it's celebrity drama. The smart money is watching it and realizing that the legal foundation of the AI boom is about to be tested in court for the first time EVER. And if that foundation cracks, everything built on top of it is at risk.

Ricardo

27,878,340 Aufrufe • vor 3 Monaten

Elon Musk is 100% right to take OpenAI to court. He co-founded OpenAI in 2015 as a nonprofit specifically to develop AGI for the benefit of all humanity — not to enrich any individual or corporation. He came up with the name, recruited the team, taught them what he knew, and put in ~$38 million of the earliest funding when no one else would. He chose a charity structure deliberately because he could have made it a for-profit from day one and didn’t. Yes, Musk left the board in 2018 after disagreements (including over control and structure). And yes, there were internal talks about a for-profit arm even back then — but only if the nonprofit stayed firmly in charge and the mission came first. The “tail doesn’t wag the dog.” What actually happened? After he stepped away, OpenAI did the exact opposite: created a capped-profit subsidiary, took massive Microsoft money, went fully closed-source, and is now racing toward a $1T+ IPO. They rebranded “Open” into one of the most closed, profit-driven AI companies on Earth while keeping the original nonprofit shell for optics. Musk isn’t suing for personal profit — he’s asking the court to return any wrongful gains to OpenAI’s charitable arm, revert the company to its nonprofit roots, and remove Altman and Brockman from leadership. That’s not “sour grapes.” That’s enforcing the promise the public was sold. In an age where AGI could shape humanity’s entire future, the original mission still matters. Elon is the only one still fighting to protect it instead of cashing out. Principle over profit. Humanity over hype.

Captain Eli

18,983 Aufrufe • vor 2 Monaten

BREAKING: A jury just found Elon Musk guilty of fraud. On Friday, a San Francisco jury ruled that Elon Musk deliberately misled Twitter investors in 2022 to drive down the stock price before buying the company. Damages: up to $2.6 billion. The plaintiffs' lawyers called it the largest securities jury verdict in US history. Here's what actually happened: In April 2022, Musk agreed to buy Twitter for $44 billion. $54.20 per share. Deal locked. But then Tesla's stock started falling. Musk had planned to fund the purchase by selling Tesla shares. The more Tesla fell, the more shares he'd have to sell. So he needed a way out. On May 13, 2022, he posted two words: "Deal temporarily on hold." His stated reason? Concerns about fake accounts and bots on the platform. Twitter's stock crashed nearly 10% in a single session. Millions of shareholders panicked and sold. They sold based on what the world's most powerful tweeter had just told them. Then something interesting happened. Musk bought Twitter anyway. At the exact same price he originally agreed to. $54.20 per share. Every single person who sold during those weeks between his tweets and the closing of the deal? They sold at an artificially deflated price. Caused by his words. And the jury agreed. "If you move the market with your words, you own the consequences," said one attorney following the verdict. "When one person can move billions with a tweet, the law has to catch up." Now here's the number that should make you stop. The damages: $2.6 billion. Musk's net worth: $839 billion. The jury's verdict is being called the largest securities jury verdict in American history. Musk himself called it "a bump in the road." And he has a point. His legal team noted the jury found both for and against the plaintiffs. The jury did NOT find that Musk ran a deliberate scheme to defraud investors. They found two specific tweets were misleading. That's it. And on the key question of whether this was a coordinated fraud? Not guilty. Musk's lawyers are already appealing. They pointed to separate cases in Texas and Delaware where Musk recently won appeals. His argument throughout the trial was straightforward: Twitter's own leadership lied to him about how many accounts on the platform were fake. He had every right to pause a $44 billion deal until he got honest answers. The jury disagreed on the tweets. But they agreed it was not a fraud scheme. That distinction matters. The case now moves to the damages phase and then almost certainly years of appeals. In the meantime, Musk is still worth $839 billion. Still the richest person in history. Still building rockets, running AI companies, and reshaping American government. A $2.6 billion verdict and he doesn't miss a step. That's either what justice looks like at this scale. Or it's the most expensive bump in the road anyone has ever driven over. What are your thoughts?

Surmount

25,312 Aufrufe • vor 3 Monaten