> The timing of Hoffman’s remarks is pointed. SpaceX went public on June 12th, with AI central to its IPO narrative. Within days, the company announced it was acquiring Cursor, the AI coding tool. Hoffman’s read: that’s not proof of AI capability, but evidence of its absence. “You could almost think of it as the IAC of AI,” he said, invoking the serial acquisitions roll-up strategy of Barry Diller’s internet-era conglomerate. “Use the market cap to buy AI companies and try to buy your way into relevance.”

Sounds like securities fraud to me.

"The pitch deck, he revealed, describes Manas as “an AI drug discovery factory for creating monopolies” legally permissible, he notes, because pharmaceutical IP functions as a sanctioned monopoly by design."

OpenAI investor Reid Hoffman says competitor xAI is a "complete train wreck".

Why listen to these people when they have a clear vested interest in talking nonsense about their competitors?

These comments from investors are predictable and it is obvious why they keep doing this.

Fantastic insight! I take his opinion as having the most merit possible in this context. Why?

Because LinkedIn is also a train wreck and game recognizes game.

Whilst nobody can dispute the inordinate success Hoffman has had in building and scaling LinkedIn and his work on Greylock, his associations with the Epstein files, previous spats with Musk, and his warped political views makes me question anything he says.

In this instance, I see it as nothing more than a self-serving and politically motivated diss against Musk, even if the substance of what he says is true.

xAI complete train wreck maybe, however their models are really great, in conversational Grok 4.3 is my favorite recently, followed by Opus 4.8. It's not that great for coding purposes tho.

Last week Yann LeCun called xAI a "failure"

https://www.cnbc.com/2026/06/18/yann-lecun-elon-musk-xai-fai...

I wish there as chrome extension that surrounds pdf file names with something like the infamously misused (((...))).

So that you are reminded, as you read about them, that they were one of Epstein "associates". Nothing wrong with that, of course, I'm sure it was only business deals, etc...

What a terrible world to live in. Of course hes trying to convince Gen Z of the "opportunities" they have. Opportunities for him and his oligarch friends to make a load of $. Cant wait for this AI bubble to crash and dissolve a bunch of undeserved wealth.