I wonder why his offer wasn't 69.420 billion?
this post was submitted on 10 Feb 2025
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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.
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.
But they aren’t required to sell though.
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.
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.
Isn't this what he did with Twitter and the courts forced him to honor the offer?
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.
and the US presidency for 290 million.
So, about a dollar per American.
Less. Our population is something like 330m now I think.
Everyone should've chipped in with a dollar and you'd have your own country! /s
I wonder if that'd work. Do a crowdfunding for certain legislation, and pay it out to whoever votes for it (with a bonus for whoever first proposes the legislation). Dystopian as fuck, but perhaps worth an experiment.
But that's socialism.
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.
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.
Yep, seems legit, eh? 🤣
He offered to buy it with someone else's money and take the credit
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.
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.
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.
Pretty much what I use my locally hosted LLM for. Might not be as good as ChatGPT but I don't really care.
Regular users can use Gemini, Deepseek, Meta AI, and there will probably be many more services in the future.
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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.
How to become a millionaire: Start with 97.4 Billion.
YES!
Finally a way to destroy the AI hype.
Maybe the man is good for something besides wasting oxygen after all.
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.
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Is he going to buy a “founder” clause in the contract?
Well this time he actually is one of the founders. He invested 45 million to launch OpenAI and he was co-chair with Altman
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.
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Where is the "hide Musk/DOGE/Trump related posts" button ?
EDIT : Found it ! (Damn, Lemmy is awesome 😊)
I don't see this option sadly, only block instance/community/user. Would love to block Trump/Musks fucking faces from my life.
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In order to ruin it like Twitter?
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.
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Genius mastermind shadow president plan:
- Buy company A for shit ton of money
- Ruin company A so it is worth 80% less
- Still have shit ton of money
- Repeat with company B
Unfortunately, looks like buying Twitter was a very effective choice if you take profit off the priority list
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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
i think this is old spice admitting that xAI is total bullshit and he's giving up on making his own.
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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.
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