zoskibb

[zoskibb @zoskibb]

Read this explanation for a great break down of what’s happening and why everyone should be concerned

[Ricardo @Ric_RTP]

Anthropic is about to sell the public a trillion-dollar company controlled by 2 shares worth less than a penny.

And the people buying it will have almost no way to change anything that happens next.

I read the voting section of Anthropic's IPO filing, and I think it's the most one-sided deal ever offered to regular investors at this size:

There is exactly ONE Class F share. It belongs to an LLC owned by 7 of Anthropic's co-founders, and it carries 50.1% of all the votes.

There is exactly ONE Class T share. It belongs to Anthropic's Long-Term Benefit Trust, and it elects a majority of the board.

If Anthropic were ever liquidated, each of those 2 shares would get its par value of $0.00001.

The public gets Class A shares instead. And Anthropic's own filing says this structure may effectively eliminate their ability to influence important decisions, including a sale of the company.

So here's what that means for anyone who buys:

- They can't replace the board if the company stumbles, because the trust picks the majority and the founders hold half the vote.
- They can't push for a sale, even if someone offers a huge premium.
- They can't stop the board from putting the mission ahead of their money. Anthropic is a public benefit corporation, so the board has to weigh shareholders against the long-term benefit of humanity.
- And they can't easily sue over it. Delaware law requires at least 2% of the shares or $2 million worth of stock to bring that kind of claim.

This isn't some far-off hypothetical either.

The filing warns that slowing AI development for safety may not maximize stockholder value. It also says Anthropic recently paused training a next-generation model for more than a month over safety and security concerns.

A public shareholder would've had zero say in that pause.

And here's the part I can't get past:

Each co-founder has pledged to give 80% of their Anthropic equity to charity. The Class F vote stays at 50.1% no matter how much stock they still own.

So the founders can give away most of their money and keep all of their control.

Dario Amodei told 60 Minutes last year that he's deeply uncomfortable with AI decisions being made by a few companies and a few people. When he was asked who elected him, he said no one.

Now his company's IPO hands 50.1% of the votes to 7 people, and he's one of them.

And guess who's being lined up to buy it?

Anthropic has weighed reserving 15% to 20% of the IPO for individual investors, according to Bloomberg. JPMorgan is leading the US retail push, and Citigroup is handling retail buyers in places like Japan, Britain and Canada.

The same filing warns that AI could pose catastrophic or existential risks to humanity.

So regular people are being asked to buy a company that says its product could threaten humanity, with no real vote on how it's run.

Anthropic's answer is that this is the whole point. The structure is built to keep Wall Street from pressuring it into cutting corners on safety. The trustees have no financial stake in the company. Google and Meta gave their founders control and still made shareholders rich. And every buyer gets all of this in writing before they buy.

But Zuckerberg's control comes from shares he owns, so when Meta's stock falls, he loses money too. Anthropic's 2 control shares can't lose anything.

Anyone buying this IPO is paying full price to hand control to 7 founders and 5 trustees.

They're desperate for money and they don't care about your money.

[Trevor Levin @trevposts]

In which @AdamFriedland discovers, to his horror, that *his* idea for AI safety is the actual and only plan the companies have for getting vastly super-human intelligence not to kill us

[More Perfect Union @MorePerfectUS]

NEW: Economic populism helped deliver impressive victories for Democrats across the nation. But those gains could be fickle and short-lived or long-lasting and durable.

To keep and maintain working class majorities, here’s 5 specific ideas for what they need to do next.

[Weezie Proud Resister @itsweezie]

Turn up the volume. This is interesting

[zoskibb @zoskibb]

@poker_face143 @beyoncegarden So good

[Dave @HangryDBowman]

Long post worth the read. I have a close friend who flies private jets. He flew Lear 60 for over 15 years and now flies a Gulfstream. This is a copy and paste of his response to me asking him if he thought Ice was the issue.

“We always fly in ridiculous cold temperatures.”

“Usually you get the bad ice when the temperatures are like 0 to negative 20. Believe it or not, there's a point where it gets too cold for ice. At negative 40, you pretty much can't get ice. Besides that, the airplane is equipped with hot wings and hot tail.”

“I flew the Lear 60 for like 15 years. It's a no joke airplane and probably the most dangerous airplane I've ever flown. It has a super critical wing. The airflow has to be perfect. When it gets into rough air and turbulence, it will easily stall. It has stalled on me at 41,000 feet just because we got into some turbulence. (On the way to Palm Beach as a matter of fact. ) we recovered and got her flying again around 30,000 ft. Scary

But here's the problem. This airplane has a terrible coffin corner. (At high altitudes) what that means is, you fly in a really narrow window where if you lose 20 knots, it stalls. And if you gain 20 knots, it goes into overspeed. The air goes supersonic over the wing and it goes into a high speed stall, or worse, a Mach tuck.

So if you stall, the normal recovery is to push the yoke forward to lower the nose and gain air speed again. At low altitude, you can push really hard and recover quickly. But in the 60... if you push hard, it will gain air speed and go into a high speed stall, it doesn't take much. It's very sensitive. The 60 has super short wings that don't make much lift. So then you high speed stall, and the computer is yelling at you... OVERSPEED! So then you pull back and enter a low speed stall. And you go back and forth trying to keep it in the air speed window.

This whole thing is pretty scary. And you should recover basically by using your finger tips using super small corrections. You can't over do it. If you try to muscle the recovery, she gets mad and will become unrecoverable. If she enters a mach tuck. You're done.”

“I taught the Lear 60 to other pilots and mentored them. I told them... this airplane has a soul and it's trying to kill you. Do not ever try to top the weather. Don't go over a thunderstorm. Go around it. If it means a half hour longer, then do it. Going over the thunderstorm will go into turbulence that you might not recover from.

These pilots went right over a thunderstorm. I think it stalled which caused them to drop down into the thunderstorm and ended up in mach tuck. They picked up so much speed that it ripped off the horizontal stabilizer. At that point... chuck Yeager can't fix it.

These same pilots did something similar a couple months ago. ATC got mad at them. They poked the bear one too many times.

This is not a beginner airplane. The Gulfstream would never do this. It has HUGE margins of error and won't stall like that. But then again... it's got HUGE wings. It's a pussy cat.

The Gulfstream is like driving a 4 wheeler. The Lear 60 is like riding a uni cycle.”

[Steven Bartlett @StevenBartlett]

Former OpenAI researcher Daniel Kokotajlo's AI 2027 forecast has two endings. In one, the AIs stop listening to orders.

@DKokotajlo

[Molly Ploofkins @Mollyploofkins]

Jared Kushner exposed for taking bribes from Saudi and UAE

[Daily Loud @DailyLoud]

Scientists have identified the specific male dance movements that women find most attractive

Researchers from Northumbria University mapped out the exact body mechanics that signal health, vigor, and reproductive quality to female observers.

[Aaron Rupar @atrupar]

BRENNAN: The DOJ lawsuit demands the Alaska result not be certified if voters are confused. The confusion is defined as Sen. Sullivan not winning.

BLANCHE: That's not what it says

BRENNAN: I'm quoting from it. You are telling them not to certify it. What right does the federal government have telling a state not to certify?

[James Throt MBBS, MD, PhD, FRCPath @JamesThrot]

It never ceases to amaze me the sheer volume of uninformed individuals who do not believe that an individual’s behaviours, attitudes, beliefs & personality are all influenced/controlled by the brain.

Specifically, by the way, the frontal lobe.

Which, by the way, covid damages.

[Kaitlan Collins @kaitlancollins]

GOP Rep. Brian Fitzpatrick says if Elon Musk ordered the slowdown of Starlink in Ukraine, "that is likely a violation of the law."

"We've gotta investigate...We've got to call the witnesses, got to bring them in, put them under oath, and get to the bottom of it. Because this is this is a very, very serious matter. It cannot be glossed over."

[Laura Rozen @lrozen]

“Some U.S. officials say that Musk acted unilaterally and that Trump didn’t specifically order any retribution against Ukraine. But a person familiar with the situation said Musk talked to multiple senior administration officials, including with Trump, before imposing the new speed cap, which Ukrainian officials said had allowed Russian missiles to evade their defenses.

[Lara Seligman @laraseligman]

Incredible scoop by my @WSJ colleagues: Elon Musk ordered the slowdown of a military-grade version of Starlink relied on by Ukraine, a decision that sparked panic in Kyiv and confusion inside the Trump administration. https://t.co/yvd8Xlgxe0

[zoskibb @zoskibb]

@Variety I hope that she gets tested for Lyme disease (thru Igenex). It is commonly misdiagnosed as all sorts of things, including MS. It took me 6 frustrating years to finally figure out what was making me sick. I can relate to her experience and wouldn’t wish it on anyone.

[William Fitzgerald @william_fitz]

"Speculative data center debt is being repackaged and sold to pension and retirement funds, university endowments, and other institutional investors in a manner eerily reminiscent of the subprime bubble."

https://t.co/tbDb5ubQ0h

[Aaron Rupar @atrupar]

🥴 JD struggles through surprisingly contentious CBS town hall 🥴

Vance faced a number of tough questions from audience members and from Tony Dokoupil during exchanges like this:

JD VANCE: The biggest reason why gas prices are so high is because when Joe Biden ...

DOKOUPIL: It's almost been two years. At a certain point it becomes your economy, not Biden's economy

Here's a supercut of Vance having a hard time explaining the sluggish economy, Trump's corruption, why the US hasn't already won the Iran war, and more:

[Jonathan Pie @JonathanPieNews]

American Morality
https://t.co/X899UyBwFB

[Erin Burnett OutFront @OutFrontCNN]

“Cruel and unusual form of punishment.” U.S. Air Force Maj. Jason Watson is headed to the most severe form of military trial -- a general court-martial -- after calling for President Trump’s impeachment while in uniform at the U.S. Capitol. His attorney reveals that Maj. Watson has been kept in solitary confinement since August and could face years behind bars.

[Suzie rizzio @Suzierizzo1]

Why are National Guard troops in Washington D.C standing in front of a ballot drop box like they’re guarding it! This seems like it would be against 18 US code 592 which makes it a federal crime for any Military officer to be at any general or special Election polling place & ballot box.