It isn’t racist enough, so he has to take over and train it on nazi propaganda.
I wonder why his offer wasn’t 69.420 billion?
Elon Musk just offered to buy OpenAI for $97.4 billion
Submitted 1 year ago by some_guy@lemmy.sdf.org to technology@lemmy.world
https://www.theverge.com/news/609685/elon-musk-openai-purchase-offer
Comments
boaratio@lemmy.world 1 year ago
L0rdMathias@sh.itjust.works 1 year 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 1 year 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.billwashere@lemmy.world 1 year ago
But they aren’t required to sell though.
L0rdMathias@sh.itjust.works 1 year ago
Yes, they could remain private but they are attempting to go public. This action is a legal speedbump that they must now work really hard to maneuver around.
emax_gomax@lemmy.world 1 year 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 1 year ago
Isn’t this what he did with Twitter and the courts forced him to honor the offer?
lovelywon@lemmy.world 1 year ago
He offered to buy it with someone else’s money and take the credit
billwashere@lemmy.world 1 year ago
I’ve never understood how you can take out a loan to buy a company, turn around and place all that debt on the company you just bought, and have no personal ramifications when the company goes belly up because the debt load is too high.
Mio@feddit.nu 1 year ago
Why buy it now and not earlier?
Phoenicianpirate@lemm.ee 1 year 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.
argarath@lemmy.world 1 year 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 1 year 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.
Etienne_Dahu@jlai.lu 1 year ago
and the US presidency for 290 million.
So, about a dollar per American.
Zink@programming.dev 1 year 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 1 year ago
Less. Our population is something like 330m now I think.
espentan@lemmy.world 1 year ago
Everyone should’ve chipped in with a dollar and you’d have your own country! /s
Maggoty@lemmy.world 1 year 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.
CheeseNoodle@lemmy.world 1 year 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.
lupusblackfur@lemmy.world 1 year ago
Yep, seems legit, eh? 🤣
RememberTheApollo_@lemmy.world 1 year ago
Is he going to buy a “founder” clause in the contract?
SkunkWorkz@lemmy.world 1 year ago
Well this time he actually is one of the founders. He invested 45 million and was co-chair
Treczoks@lemmy.world 1 year ago
In order to ruin it like Twitter?
KingThrillgore@lemmy.ml 1 year ago
How to become a millionaire: Start with 97.4 Billion.
reksas@sopuli.xyz 1 year 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.
ubergeek@lemmy.today 1 year ago
chatgpt is still useful for things as long as you dont put too much trust in it.
Yep, its very useful for generating buzzword salad, so I use it for cover letters for job postings.
Korhaka@sopuli.xyz 1 year ago
Pretty much what I use my locally hosted LLM for. Might not be as good as ChatGPT but I don’t really care.
31337@sh.itjust.works 1 year ago
Regular users can use Gemini, Deepseek, Meta AI, and there will probably be many more services in the future.
reksas@sopuli.xyz 1 year ago
deepseek has censorship which makes it unreliable. But hopefully someone will fix that since its opensource. So at least there is that. google is garbage in comparison to chatgpt and i havent tried anything meta has produced since i dont want to have anything to do with that filth, so i dont know anything about that one. So maybe there is some hope in long term, if things dont get worse elsewhere.
Hackworth@lemmy.world 1 year ago
Deepseek took the training of foundation models from a billionaire’s game to a millionaire’s game. If Elon wants an AI monopoly, it’ll have to be done through litigation. Which, ya know, they’re also trying.
mavu@discuss.tchncs.de 1 year 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 1 year 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 1 year ago
Lol does he even have the money/stocks/bank friends to buy at that price?
ansiz@lemmy.world 1 year 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.
FluffyTailSociety@lemmy.ca 1 year ago
Anyone cozying up to Trump is announcing they have skeletons in their closet and he has the dirt.
Canigou@jlai.lu 1 year ago
Where is the “hide Musk/DOGE/Trump posts” button ?
Korhaka@sopuli.xyz 1 year 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 1 year ago
It depends on which app you’re using. Mine is the Android version of Voyager 😉
FinishingDutch@lemmy.world 1 year 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.
NikkiDimes@lemmy.world 1 year ago
Bro, I think you just wiped out your entire front page.
FlyingSquid@lemmy.world 1 year ago
They’re also hiding their head in the sand, which might be a bigger issue.
NeoNachtwaechter@lemmy.world 1 year 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.
vga@sopuli.xyz 1 year ago
meowmeowbeanz@sh.itjust.works 1 year 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 1 year 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.
futatorius@lemm.ee 1 year 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.
meowmeowbeanz@sh.itjust.works 1 year 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.
beliquititious@lemmy.blahaj.zone 1 year 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.
fox2263@lemmy.world 1 year ago
lol. Wasn’t grok built specifically without safety in mind?
DragonTypeWyvern@midwest.social 1 year ago
Musk: “Yeah safety as in: We must secure the safety of our people and a future for… “Real American” children.”
andrew_bidlaw@sh.itjust.works 1 year 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 1 year ago
Lmao “Twitter”
notsoshaihulud@lemmy.world 1 year ago
OK, what’s the fediverse alternative for ChatGPT?
caoimhinr@lemmy.world 1 year ago
TechAnon@lemm.ee 1 year ago
anythingllm.com (run them locally)
boramalper@lemmy.world 1 year ago
How does it compare to ollama in your experience?
Elgenzay@lemmy.ml 1 year ago
some_guy@lemmy.sdf.org 1 year ago
Running the models locally.
notsoshaihulud@lemmy.world 1 year ago
well…I guess I can use chatGPT to walk me through setting one up?! I can use a double 4090 RTX config instead of heating too. (these are really fucked up times)
phoenixz@lemmy.ca 1 year 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 1 year 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.
spaghettiwestern@sh.itjust.works 1 year ago
“NaziAI” has a real ring to it.
krimson@lemmy.world 1 year ago
AI did nazi that coming.
ivanafterall@lemmy.world 1 year ago
nAzI
Kyrgizion@lemmy.world 1 year ago
This guy understands graphic design
xavier666@lemm.ee 1 year ago
NazAI
nek0d3r@lemmy.dbzer0.com 1 year ago
Arnim Zola IRL
jordanlund@lemmy.world 1 year ago
I thought he only barely pulled off the Twitter deal at $40B, now he’s going 2x+x that much?
OpenStars@piefed.social 1 year ago
Gotta ride that debt wave - what else is there to do in life? ("Helping people" is somehow not an option, nor is simply leaving well enough alone, we apparently "need" to have his face and name and one arm raised in nearly every conversation taking place on planet earth)
Munkisquisher@lemmy.nz 1 year ago
Saudis were happy to bankroll it to kill the main organisation platform behind the Arab Spring uprisings
sumguyonline@lemmy.world 1 year ago
His net worth is NOT how much money he is net positive. All his net worth means, is he has hundred of billions of assets, it says nothing for the debt load he is holding onto, nor how much of his assets are already leveraged. With how throughly he has obliterated xitters ad income when it was being sold because investors were unhappy with ad income already being too low, it looks like ol Elon might have found a sure fire way to turn a billion into a million, and somehow people keep loaning him money… Have they checked who else has their financial interests vested in assets he “owns” or when you have that much stuff do they just assume no one else is using it for collateral… Just be interesting if suddenly his entire fortune went up with a puff of smoke because the debt load was too high and one of his investments went further sour causing a cascade similar to a short squeeze, just encapsulated entirely on elon musk and his assets being liquidated…
Ilovethebomb@lemm.ee 1 year ago
I really hope he tanks Open AI.
GooberEar@lemmy.wtf 1 year ago
Why not make it an even 100 billion?
tisktisk@piefed.social 1 year ago
chump change fellas
finitebanjo@lemmy.world 1 year ago
Probably just the same market manipulation he tried with Twitter and succeeded with Bitcoin.
mrgaggles@lemmy.world [bot] 1 year ago
nono