Is this the most expensive acqui-hire in history?
i think your question/point is the most important aspect of this story.
i was thinking: for USD 6.5 billion what openAI is getting from this ?
the only answer is if you view it in terms of what is the cost to acqui-hire what (i think probably) is the best design/chip manufacturing/software team in the world.
so, the money exchanging hands is to simply take control of the best team of people working in this sphere. its the potential they as a whole represent.
this type of acquisition used to cost from 20 to a 100 million USD. now its shooting to 6.5 B.
as someone has pointed out in this thread, this probably points to a pinnacle of an ai bubble.
all that as it may be, i would like to mention a thing about the very cool announcement format of this acqui-hire.
this several minute film is actually a press release. but a very cool press release.
the best press releases in traditional format cant compare to this.
the productional value of this short film was unusually high.
it achieved everything for them: background to the acqui-hire, reason for it, potential of it, and creating a " warm fuzziness" about it.
all without anything more than a hint that there is some kind of actual physical device prototype in existence.
i have utmost respect and awe for ives and his team. none for altman.
i kind of think ives is in the harvest time of his remaining life. selling out to the highest bidder.
i wish he would have given the keys to his kingdom to a company other than io.
jony, if your listening, im disappointed.