Technology

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.

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.

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.

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.

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.

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?

Where is the "hide Musk/DOGE/Trump related posts" button ?

EDIT : Found it ! (Damn, Lemmy is awesome 😊)

I guess grok isn’t doing so well.

But remember, all of his wealth is only potential, not realized! He ackshually can't afford to make the world a better place!

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.

YES!

Finally a way to destroy the AI hype.

Maybe the man is good for something besides wasting oxygen after all.

As long as he pays for it, and not the US taxpayer....

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.

Couldn't even pay for twitter himself, that broke ass

"NaziAI" has a real ring to it.

“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.

OK, what's the fediverse alternative for ChatGPT?

He offered to buy it with someone else's money and take the credit

Is he going to buy a “founder” clause in the contract?

I really hope he tanks Open AI.

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.

Would be funny to watch this go through and see how quickly he changes his mind on Open AI’s business model.