Jeff Bezos creates A.I. startup where he will be co-chief executive

You can basically form a corporate entity with a nominal Delaware office, but it doesn't need to give any details about where the actual work takes place, yeah.

All companies are registered. They have to be registered to be legal entities, have bank accounts, and comply with tax laws.

Private companies don’t need to publicly divulge a lot, though. It’s between the company and their investors. It’s only once a company wants to trade publicly that they have to provide a lot of public details and financials.

There are thousands of companies registered every day across the US. This one is probably a subdivision of a subdivision of some holding company owned by Bezos. Pretty much impossible to track using just public data.

A company can be a sole proprietership or partnership without registering with anyone, but in this case in most states they must either conduct business in the owners/partners names or register a DBA with the state(s) they are doing business in. (the rules are state specific, and I think there are some states that don't do kr require DBA registration). In most cases, a company with billions invested in it will be formed as a formal entity such as an LLC or Corporation in a state. Again, the specifics vary from state to state. If you knew the legal name of this entity, and what syate it was registered in, you could probably look up when it was registered in that state.

However, details like owners and organizers aren't always Available.

It gets further complicated with Series LLCs.

Congress passed a law that would have required "beneficial ownership" registration with law enforcement (FinCen), however, this registration would not have been public.

Further, it was found unconstitutional and enforcement of the registration requirement indefinitely suspended.

In general, if you are doing business in a state under a name or entiry other than your own legal name, you will be required to file something with the state, and that filing will include a registered agent where legal process can be served on the business, and this information will be public.

But if they aren't doing business publicly yet, no one will know the name of the business, so they can't look it up! It sounds like the name mentioned in the article may just be a code name.

More circular financing to keep the AI house of cards from falling?

Linda had an important role as the Chief Bag Holder in case things went bad.

The fact that Amazon hit it big twice under him (retail and then web services) speaks volumes. Hard to pretend he just got lucky.

I think it’s great that there will be more competition in the space, not to mention more hiring, etc.

I wasn't referring to Amazon. There's actually another person called "Beff Jezos" who runs an AI startup called Extropic.

I wasn't referring to Amazon as the other AI startup. I was referring to another guy who is known by the name "Beff Jezos", who runs Extropic.

It's really not surprising. AWS is definitely absolutely now in the category of "too big to fail". And the fact that there's an entire AWS region for US government classified stuff just underscores that.

Becoming TBTF has a very corrosive effect on organizations.

Microsoft Advanced AI Research

FAIR (I mean MSI) or grab bag of other runner ups

And he's not juggling Blue Origin that well given the delays. Still impressive to go to space, so the man deserves credit, but it likely would have been several years faster and billions less if he had been more involved.

> It takes extraordinary skill to successfully juggle multiple ventures.

That's a myth. I've done that, and I know a lot of people who do that. Do you think Musk is writing sparse attention code for Grok? Does he even know how Grok's architecture works under the hood? Or that he designed the data centers? I mean, you delegate stuff. The only hard thing is getting the right people, but if you're a hyped up billionaire, it's easy mode because you can pay a lot, and people want to work for you. You just create an environment where they can achieve things.

There are times when the majority of your work is simply attending public meetings, podcasts, and doing interviews. People really overestimate what's involved in the work of a billionaire CEO. The people actually making things happen in space industry or AI work harder, longer, and solve more complex problems than any CEO and in some cases they need to work hard against the CEOs to actually make things happen.

Maybe he has this skill, but I also know a lot of folks who like to have the control and glory, but don't want to put in the time basically.

Once they have the AI company, thennnn they will help the poor right? They will use AI to help the poor!!!

Or they could just be happy with the many billions they have.

A lot of people unfortunately believe in the musical chairs theory of markets.

It’s a simple way to sound cynical and savvy. Good thing it’s also extremely incorrect.

Haha.. busted. I do enjoy fashion blogs (specifically Tom and Lorenzo https://tomandlorenzo.com/) and always notice Bezos out galavanting around at the events they post!

Value I think is debatable. But most every CEO I have met is the workaholic type.

IIRC they used to always style "NASA" as "N.A.S.A." even though the agency itself never uses periods and is of course always pronounced as a word rather than initials. (This particular example stuck in my mind just because I work there). Hopefully "ICE" and "REI" reflect a change in that style to omit periods when referring to organizations that omit the periods in their own style guides.

Looks to me like initialisms get periods unless they are acronyms or trademarks. So "ICE" is fine because it is read as "ice" and not I.C.E. (eye-see-ee). REI is not an initialism though, but presumably they have kept it as-is because it's their trademark/"doing business as" style.

This is the NYT, not the New Yorker

Dip said ties in liquid nitrogen and hit them with a hammer

> The billionaires aren't differentiable

Probably because they're not continuous?

> Project “Audite”

Reminds me of Matt Levine joking about walking into a hedge fund with a SEC jacket memorabilia.

Maybe you wouldn't. Maybe you'd find it difficult to walk away from the lifestyle that made you a billionaire in the first place.

Because we’re in a bubble.

Because it is

The UN doesn’t say that a human life is actually worth $10 million but that’s the number we’re going to use, so the question is as QALY thing how much is a liver transplant worth and it turns out the liver transplant gets you about 25 QALYs, and so running the numbers a liver is only about $3.75 million.