How to become a millionaire: Start with 97.4 Billion.
this post was submitted on 10 Feb 2025
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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.
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.
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YES!
Finally a way to destroy the AI hype.
Maybe the man is good for something besides wasting oxygen after all.
Lol does he even have the money/stocks/bank friends to buy at that price?
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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.
Anyone cozying up to Trump is announcing they have skeletons in their closet and he has the dirt.
Where is the "hide Musk/DOGE/Trump related posts" button ?
EDIT : Found it ! (Damn, Lemmy is awesome 😊)
Yeah, I’m pretty much done with Lemmy right now. It’s just getting way too much. The sky is falling every five minutes.
Bro, I think you just wiped out your entire front page.
They're also hiding their head in the sand, which might be a bigger issue.
When it's actual news, I'll hear about it regardless.
I'm not going to perseverate over every headline, I have a life to live. The media is actively trying to piss us off, they'll skew and distort and all but fabricate to keep us angry and engaged.
I'm not doing it. I can't recall a single time in my life that keeping up to date up to the hour has actually improved anything for me. Sitting around just knowing stuff is happening isn't going to change my life for the better.
I live in a safe republican state and a leans Republican district. I could send a letter to my senator, call my representative, spend hours of my time just worried about something, and still, they'll vote how the party wants them to. Being informed and doing the things I'm supposed to do won't change anything.
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There are two sides to this. There's yours, and then there is self-care and self-protection. Being constantly bombarded with this shit, these issues, problems and the world going down hill while you as an individual can't even begin to influence or have any kind of impact on them can and will wreck your mental health.
In the end it needs balance. Don't stick your head in the sand, but also don't drown in the never ending despair that is the flood of bad news in modern media.
I'm still reading the old school press and listening to the radio. I'm just not on lemmy to read about it AGAIN... On top of that, it's mostly absurd and inaplicable announcements. They crave attention so much, it's painful to listen. Look at Musk's video gaming scheme. Just pathetic...
Not sure FlyingSquid is aware of life outside Lemmy. They’re addicted to the lotus flowers here.
Ok, that's fair. It is very hard to tell these days who is paying attention but overwhelmed and who is saying "this is all bad news, so I'm going to ignore it because I don't like hearing about bad things." The latter is the dangerous attitude. I'm glad it isn't yours, but unfortunately Lemmy is not free of it.
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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.
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.
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.
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.
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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.
I read this on Hacker News, which I found particularly interesting:
Elon Musk’s bid for OpenAI isn’t about buying it but about disrupting its transition to a for-profit company. OpenAI Inc., the nonprofit, controls OpenAI LP, the capped-profit subsidiary. To convert to a full for-profit entity, OpenAI Inc. must sell its technology and IP to the new company, with regulators determining a fair valuation.
The rumored SoftBank investment at a $260B valuation relies on this transition, but the current estimated valuation is around $150B. Typically, control premiums in such deals range from 20-30%, putting the expected nonprofit payout at $30B-$40B. However, Musk’s $97B bid for OpenAI Inc.’s assets sets a significantly higher valuation, giving regulators a strong argument that the nonprofit should receive much more.
If regulators adopt Musk’s benchmark, OpenAI Inc. would end up with a 62% majority stake, making the transition far more complex or even blocking it entirely. Even though OpenAI won’t accept Musk’s offer, the bid’s primary effect is to make the legal and financial process of going for-profit much more difficult. It’s a strategic move designed to frustrate OpenAI’s leadership, particularly Sam Altman, and potentially derail the entire transition.
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“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.
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.
Lmao "Twitter"