It isn’t racist enough, so he has to take over and train it on nazi propaganda.
[deleted]
Elon Musk just offered to buy OpenAI for $97.4 billion
Submitted 10 months ago by some_guy@lemmy.sdf.org to technology@lemmy.world
https://www.theverge.com/news/609685/elon-musk-openai-purchase-offer
Comments
transitinoir@slrpnk.net 10 months ago
GBU_28@lemm.ee 10 months ago
Unfortunately, looks like buying Twitter was a very effective choice if you take profit off the priority list
gravitas_deficiency@sh.itjust.works 10 months ago
I mean, yeah. That was the entire point of him buying it: to control one of the biggest social media networks ever, and to use that to push and pull the public discourse however he wanted, in the interest of being a kingmaker. And it fucking worked.
fuck_u_spez_in_particular@lemmy.world 10 months ago
Even if you don’t take profit off the list, it could well be that he had more financial success in these other companies because he uses twitter as promotion and propaganda platform…
phdepressed@sh.itjust.works 10 months ago
Buy a company mostly with other people’s money (he paid ~15B of the 44B offer) lose a lot, 70% or more but use it to win an election and gain 200B in profit.
Musk is a salesman and he’s good at getting investors to get behind his crap. He’s never produced actual value but that doesn’t matter to stock values apparently.
JuxtaposedJaguar@lemmy.ml 10 months ago
Tesla investors are starting to care, it seems.
btaf45@lemmy.world 10 months ago
Ruin company A so it is worth 80% less
Ruin country USA so it is worth 80% less.
some_guy@lemmy.sdf.org 10 months ago
It’ll work this time. He just has to be even shittier about it. /s
meowmeowbeanz@sh.itjust.works 10 months ago
Elon’s $97.4B hostile takeover bid for OpenAI is less about “safety” and more about a billionaire’s corporate tantrum. The offer reeks of desperation—a laughable lowball for a company valued at $340B, dressed as altruism.
Altman’s clapback—“buy Twitter for $9.74B”—is the perfect middle finger to Musk’s flailing empire. Remember when X became a $44B dumpster fire? Now he wants to drag OpenAI into his orbit of mismanaged toys.
This feud isn’t about AI ethics—it’s two tech oligarchs weaponizing legal battles and PR stunts. Musk’s “open-source” crusade is safety theater while his own xAI hoards code. The only winner here? Lawyers billing hourly as the world burns.
boramalper@lemmy.world 10 months ago
To be clear (and as far as I understand), it’s not a hostile takeover bid because it cannot be: OpenAI is not a public company and thus doesn’t have a fiduciary duty to thousands to millions of shareholders but instead to a handful of big investors who can decide for themselves whether they want that Elon’s money or not. So this isn’t similar to what Twitter had been through but more like Elon teasing Altman I believe.
meowmeowbeanz@sh.itjust.works 10 months ago
The distinction you’re making is valid but misses the forest for the trees. Whether OpenAI is public or not, Musk’s bid is a textbook power play, not a genuine offer. The lack of fiduciary duty doesn’t erase the intent—it amplifies it. This isn’t about shareholder obligations; it’s about Musk leveraging his wealth to reshape AI governance in his image.
Comparing this to Altman’s jab at Twitter isn’t apples-to-apples. Altman’s point was rhetorical, highlighting Musk’s track record of overpromising and underdelivering. The “open-source” crusade Musk touts is hollow when xAI remains proprietary.
This isn’t about legality or structure—it’s about influence and control. Dressing it up as altruism insults anyone paying attention.
futatorius@lemm.ee 10 months ago
OpenAI is not a public company and thus doesn’t have a fiduciary duty
Public companies only have fiduciary duty to their sharehoders to the extent that their corporate charters say that they do. It’s entirely possible to launch a corporation that promises nothing to its shareholders, though it might be difficult to find investors.
Kyrgizion@lemmy.world 10 months ago
Hahah he really hates Altman’s guts. Good. Love to see those two expend their energy on each other rather than on fucking all of us.
SilentStorms@lemmy.dbzer0.com 10 months ago
Unfortunately, they can multitask
jrs100000@lemmy.world 10 months ago
Musk isnt very good at that. He seems to Godzilla’s his way through one company at a time, while interns clean up behind him.
usernamesAreTricky@lemmy.ml 10 months ago
Still slows down some of their other goals. Attention and resources aren’t infinite. The more they wear themselves thin on things that don’t matter, the better
ApexHunter@lemmy.ml 10 months ago
There is still a finite amount of time per day. Any amount of time spent on this is less they have available for everything else.
Iheartcheese@lemmy.world 10 months ago
Unfortunately they can multitask
Grimy@lemmy.world 10 months ago
You guys both posted it within a few seconds of each other judging by my app updating the time. Impressive.
Phoenicianpirate@lemm.ee 10 months ago
He bought Twitter for 44 billion… and the US presidency for 290 million.
That is the single most dystopian shit I have ever heard. The idea that people and countries are so dirt cheap and companies are orders of magnitude more valuable is a thing that should damn their souls to hell.
You how bad this is affecting me? I’ve been an atheist and anti-death penality most of my life… Musk has for the past while made me think that the death penalty needs to be applied to people like him (and Israeli war criminals) and not to common crooks and common murderers. He is even making me want a hell to exist so people like him can burn in it.
Etienne_Dahu@jlai.lu 10 months ago
and the US presidency for 290 million.
So, about a dollar per American.
espentan@lemmy.world 10 months ago
Everyone should’ve chipped in with a dollar and you’d have your own country! /s
Zink@programming.dev 10 months ago
That’s on par with the fundraising goal for my kid’s elementary school. About a dollar per person in the district.
Totally different situation though, since these suckers at the school are going to spend it on a bunch of kids who haven’t even labored in the mines for it.
bitjunkie@lemmy.world 10 months ago
Less. Our population is something like 330m now I think.
argarath@lemmy.world 10 months ago
Exactly same situation here. Every day I’m wanting to strangle him and all the other nazis and nazi enablers working in this government. An eternity of suffering would be the only way to approach the suffering of thousands of people through their entire lives that he and all these monsters are causing, not just to those living right now but who knows how generations following
Phoenicianpirate@lemm.ee 10 months ago
Exactly. It is like Plessy v. Ferguson in 1896. It enshrined segregation as legal and was never over turned. It wouldn’t be until 60+ years before segregation is overturned. That is literally a lifetime. And we all know that it was never really overturned, so it’s effects are still shown.
Segregation was also expanded in the following decades that robbed black people of opportunities to grow generational wealth, in the wake of the decision and other racist events.
andrew_bidlaw@sh.itjust.works 10 months ago
Shortly after the news was announced, Altman posted on X: “no thank you but we will buy twitter for $9.74 billion if you want.”
If only their slapfight meant something good for the world. At least, I don’t see everything collected in Musk’s hands.
crystalmerchant@lemmy.world 10 months ago
Lmao “Twitter”
Maggoty@lemmy.world 10 months ago
He can afford to pay twice the price of Twitter because he’s using government money. Remember he barely swung the 44 billion for Twitter. Now he’s buying something for more than double that? After putting code into the Treasury department computers to hide transactions?
Lmao.
lupusblackfur@lemmy.world 10 months ago
Yep, seems legit, eh? 🤣
CheeseNoodle@lemmy.world 10 months ago
Pretty sure he’s now functionally the worlds richest man (including oligarchs with a lot of hidden wealth) what with his newly aquired un-supervised access to 6 trillion in US government funds.
phoenixz@lemmy.ca 10 months ago
Ah so he’s again going to pay twice the amount of what it’s worth to then run of off a cliff and make it worth 20% of it’s real value within a years time?
Seriously, why do people still believe anything this scammer says?
Goodmorningsunshine@lemmy.world 10 months ago
I mean, they believed everything Trump said because he was “a business man, not a politician” even though all he ever was was a failed business man. These people are functional at best - they ain’t bright.
Canigou@jlai.lu 10 months ago
Where is the “hide Musk/DOGE/Trump posts” button ?
NikkiDimes@lemmy.world 10 months ago
Bro, I think you just wiped out your entire front page.
FlyingSquid@lemmy.world 10 months ago
They’re also hiding their head in the sand, which might be a bigger issue.
FinishingDutch@lemmy.world 10 months ago
Yeah, I’m pretty much done with Lemmy right now. It’s just getting way too much. The sky is falling every five minutes.
Korhaka@sopuli.xyz 10 months ago
I don’t see this option sadly, only block instance/community/user. Would love to block Trump/Musks fucking faces from my life.
Canigou@jlai.lu 9 months ago
It depends on which app you’re using. Mine is the Android version of Voyager 😉
mavu@discuss.tchncs.de 10 months ago
YES!
Finally a way to destroy the AI hype.
Maybe the man is good for something besides wasting oxygen after all.
dmention7@lemm.ee 10 months ago
Destroy it?
Like he destroyed Twitter by turning it into his personal propaganda outlet, maybe.
It sounds to me like he’s just positioning himself to control an AI tech provider who will conveniently be contracted to replace all the government positions he is trying to eliminate.
ICastFist@programming.dev 10 months ago
Lol does he even have the money/stocks/bank friends to buy at that price?
tonyn@lemmy.ml 10 months ago
OpenAI’s Yahoo! moment. In a decade it’ll be worthless.
db2@lemmy.world 10 months ago
🌍🧑🚀🔫🧑🚀
just_another_person@lemmy.world 10 months ago
It already is. They’ll bleed users until they are irrelevant at this point.
RobotZap10000@feddit.nl 10 months ago
But remember, all of his wealth is only potential, not realized! He ackshually can’t afford to make the world a better place!
maplebar@lemmy.world 10 months ago
The best and most affordable way for Elon Musk to “make the world a better place” would be to drop dead.
stoy@lemmy.zip 10 months ago
I mean an island with no internet connection isn’t that expensive to him
L0rdMathias@sh.itjust.works 10 months ago
This is corporate trolling. Open AI is trying to go public soon, and Elon did this to fuck with that.
Massive oversimplification but basically: In the United States, you are required to take the best offer when selling a company, unless you can argue in court that you had reasons not to sell to whomever placed the highest bid. Because of this offer, as open AI attempts to go public, they will have to either to be close to Elon’s bid, forced to sell to him, go to court and fight him ther, or be forced to remain private.
towerful@programming.dev 10 months ago
I feel like “look at twitter” is probably enough of a defence to decline president musk.
It would probably need to be wordier for court proceedings.emax_gomax@lemmy.world 10 months ago
Lmao, musk is on record as making absurd offers and then trying everything he can to back out of them. I’m not sure why he offered this himself instead of getting a consortium of investors together to do so on his behalf without any involvement from him.
rigamarole@lemmy.world 10 months ago
Isn’t this what he did with Twitter and the courts forced him to honor the offer?
Xuderis@lemmy.world 10 months ago
I guess grok isn’t doing so well.
reksas@sopuli.xyz 10 months ago
even if openai are assholes, chatgpt is still useful for things as long as you dont put too much trust in it. If that fucker buys it they will turn it into racist shitspewing garbage. Without it, regular people will have no decent or easy way to utilize ai and this new tech will benefit only the rich who will use it to oppress us even worse.
Stinky isnt an idiot, i wish he was. Anything he buys he can and will use to cause harm to us. So this would be bad for us all.
spaghettiwestern@sh.itjust.works 10 months ago
“NaziAI” has a real ring to it.
beliquititious@lemmy.blahaj.zone 10 months ago
“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement provided by his lawyer Marc Toberoff to The Wall Street Journal. “We will make sure that happens.”
I’ll believe that when I see it.
SkaveRat@discuss.tchncs.de 10 months ago
Couldn’t even pay for twitter himself, that broke ass
KingThrillgore@lemmy.ml 10 months ago
How to become a millionaire: Start with 97.4 Billion.
notsoshaihulud@lemmy.world 10 months ago
OK, what’s the fediverse alternative for ChatGPT?
RememberTheApollo_@lemmy.world 10 months ago
Is he going to buy a “founder” clause in the contract?
lovelywon@lemmy.world 10 months ago
He offered to buy it with someone else’s money and take the credit
ansiz@lemmy.world 10 months ago
This kind of thing is why it’s short-sighted even for the other tech guys to cozy up to Trump. There’s no room for anyone other than Musk and he is just going to use his leverage with Trump to screw over the other billionaires as well.
danc4498@lemmy.world 10 months ago
Would be funny to watch this go through and see how quickly he changes his mind on Open AI’s business model.
boaratio@lemmy.world 10 months ago
I wonder why his offer wasn’t 69.420 billion?
Ilovethebomb@lemm.ee 10 months ago
I really hope he tanks Open AI.
Treczoks@lemmy.world 10 months ago
In order to ruin it like Twitter?
NeoNachtwaechter@lemmy.world 10 months ago
Cage fight is no option anymore? 😎
Well, maybe it is better this way. Let them ruin each other, and their companies. The world will be a better place then.
finitebanjo@lemmy.world 10 months ago
Probably just the same market manipulation he tried with Twitter and succeeded with Bitcoin.
Fake4000@lemmy.world 10 months ago
Satya won’t be happy about that.
adarza@lemmy.ca 10 months ago
not even one-third of the valuation openai thinks they’re worth (up to 340b). and still below what investors thought in 2022 (157b). src
atempuser23@lemmy.world 10 months ago
SmackemWittadic@lemmy.world 10 months ago
Yes, specially 600 billion of federal funding
NOT_RICK@lemmy.world 10 months ago
I thought this was because he’s still pissy they cut him out, but I guess his reasons can be multifaceted
maplebar@lemmy.world 10 months ago
Well, to be 100% fair, it’s all total bullshit.
zecg@lemmy.world 10 months ago
I use a 16b reduction of deepseek-r1 on my pc at home and it’s definitely not total bullshit. It’s 10gb of local model that can solve mathematics and physics problems for you or program in python or bash. It doesn’t hallucinate (or I haven’t been able to elicit it), it’s aware of the extents of its knowledge. It works incredibly fast on an old ryzen 1600 with 6600xt. Having an open source reasoning AI that takes 10gb of SSD and about 13 gb of ram is so weird that the only thing weirder is seeing smart people dismiss it as bullshit out of hand.
jacksilver@lemmy.world 10 months ago
Maybe below what investors or OpenAI thinks, but I think I’d take it. Unless they’ve got more secrets up their sleeve I don’t seem them ever being worth that much.
Wooki@lemmy.world 10 months ago
Open-source just turned its value to dog shit, I’d say the offer is far above is value.
parody@lemmings.world 10 months ago
How stupid is this conspiracy theory:
If it were a threat, like “this is what you’re gonna be worth if you don’t accept, anyway” depending on how power drunk he was feeling when hitting Tweet
Lucidlethargy@sh.itjust.works 10 months ago
Lol is that even a thing? xAI? I’ve never heard of it, and I self host AI’s, and explore them often.
snf@lemmy.world 10 months ago
It’s real. en.wikipedia.org/wiki/XAI_(company)