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Peter Thiel sells off all Nvidia stock, stirring bubble fears

(www.thestreet.com)
212 points hypeatei | 5 comments | 16 Nov 25 21:19 UTC | HN request time: 0s | source
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markus_zhang ◴[16 Nov 25 23:00 UTC] No.45949239[source]▶
I think people like Peter Thiel has the insider view of the whole sector, so I would not discount this just because I don’t align with him on political stuffs.

But again we never know his real positions.

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seanmcdirmid ◴[17 Nov 25 04:57 UTC] No.45950942[source]▶
He could be selling NVIDIA to buy OpenAI like SoftBank just did. It might not be a bubble exist but a re-positioning.
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gsf_emergency_4 ◴[17 Nov 25 04:59 UTC] No.45950946[source]▶
It's in Thiel's nature to make moves counter to Altman's. Certainly, he does not share Masa's (or PG's) weakness for the genii of the day. (Secretly despises, actually?) They are kinda nontechnical in the same way (chess or SaaS are equally relevant to the future), but what Thiel has passion for are flexible moral abstractions, not politics (the whys rather than the whats of winning)
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hnhn34 ◴[17 Nov 25 05:57 UTC] No.45951160[source]▶
> It's in Thiel's nature to distance himself from Altman

This is way off base. Altman is basically a mentee of his, like Zuckerberg. They go way back, and they've both publicly praised each other quite recently. They're very close friends.

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gsf_emergency_4 ◴[17 Nov 25 06:03 UTC] No.45951186[source]▶
I've already edited to say "make moves counter to Altman's". You are right, but Thiel thinks about progress in a fundamentally different, I'd argue opposite, way from Zuck or Altman. More aligned with Elon or Karp. Or even some of the Chinese.

To be concrete, he'd never consciously engage in the kind of circular financing or rentseeking that Altman/Zuck would be open to.

(also he has enough social aptitude not to take Altman on in public.)

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1. tarsinge ◴[17 Nov 25 07:37 UTC] No.45951579[source]▶
I don’t know, the biggest difference I see is Thiel and Elon are all about government/tax payer money (through contracts like Palantir or SpaceX, subsidies like Tesla, lobbying, influencing elections, or worst). In that way they align with China, as an autocracy directly financing their companies is their ideal business model. Altman and Zuck OTOH are more typical SV entrepreneurs.
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2. piva00 ◴[17 Nov 25 08:28 UTC] No.45951798[source]▶
There's also a difference in Thiel: an intensely heretic view of Christianity, he touts himself as a Christian while trying to make it his work of stopping the Anti-Christ (which in Christian theology is impossible since you'd be stopping the Apocalypse).

Peter Thiel is an interesting character mostly due to how bizarre he can be, a billionaire who is entranced in Christian mythology, afraid of death, using his power in capital to try to mold the world to his fractured mind. In a parallel world where he isn't rich he would be the town crazy spouting about the Anti-Christ at main square in some German village.

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3. gsf_emergency_5 ◴[17 Nov 25 09:44 UTC] No.45952176[source]▶
There was an Orthodox ascetic that argued for physical immortality (and space colonialism):

https://en.wikipedia.org/wiki/Nikolai_Fyodorov_(philosopher)

Yes making things people want is not really in their book of values. If they're about things that almost nobody wants (transhumanism, triggering the Apocalypse) it makes sense that governments might have to step in.

Counterpoint-- Thiel and Musk, if you believe them, brought the "Open" to OpenAI

https://archive.ph/KFxhI

>Because of AI’s surprising history, it’s hard to predict when human-level AI might come within reach. When it does, it’ll be important to have a leading research institution which can prioritize a good outcome for all over its own self-interest. We’re hoping to grow OpenAI into such an institution.

--Musk, 2015

4. Hikikomori ◴[17 Nov 25 14:50 UTC] No.45954071[source]▶
The CEO of ycombinator is also part of the same church thing that Thiel is, acts 17, where he gave a talk about the anti christ. Looks like many of the tech billionares are just insane christians that believe in Curtis Yarvin.
5. tarsinge ◴[17 Nov 25 17:24 UTC] No.45955753[source]▶
What I find highly ironic with Thiel’s silly line of thought is that as someone with a Catholic background the far better candidate is Trump. That is, as a total inversion on values of Jesus, that deceive Christians into following him. On top of my head:

- Extreme pride instead of humility

- Extol strength and warrior attitude instead of kindness

- War on empathy instead of love

- Attachment to material things, money, success, again complete inversion of Jesus teachings on how to get closer to God

- On top of the personality cult, literally posts himself as the Pope

- Sell his own blasphemous bible to make a personal gain

- Leader of the most powerful country, so fitting with the idea of most mankind having been deceived into glorifying himself

Don’t take this seriously of course, my point is just that if someone wants to go with this route picking Greta instead of him is absurd.