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  3. Elon Musk just offered to buy OpenAI for $97.4 billion

Elon Musk just offered to buy OpenAI for $97.4 billion

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  • R [email protected]

    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.

    U This user is from outside of this forum
    U This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #135

    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.

    K 1 Reply Last reply
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    • M [email protected]

      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.worldL This user is from outside of this forum
      lupusblackfur@lemmy.worldL This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #136

      Yep, seems legit, eh? 🤣

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      • S [email protected]

        It isn’t racist enough, so he has to take over and train it on nazi propaganda.

        B This user is from outside of this forum
        B This user is from outside of this forum
        [email protected]
        wrote on last edited by
        #137

        I wonder why his offer wasn't 69.420 billion?

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        • U [email protected]

          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.

          K This user is from outside of this forum
          K This user is from outside of this forum
          [email protected]
          wrote on last edited by
          #138

          Pretty much what I use my locally hosted LLM for. Might not be as good as ChatGPT but I don't really care.

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          • F [email protected]

            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.

            U This user is from outside of this forum
            U This user is from outside of this forum
            [email protected]
            wrote on last edited by
            #139

            B Type corps have a fair number of investors, looking to invest. A lot of investors look for socially conscious investments.

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            • L [email protected]

              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.

              E This user is from outside of this forum
              E This user is from outside of this forum
              [email protected]
              wrote on last edited by
              #140

              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.

              R 1 Reply Last reply
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              • canigou@jlai.luC [email protected]

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

                K This user is from outside of this forum
                K This user is from outside of this forum
                [email protected]
                wrote on last edited by
                #141

                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.luC 1 Reply Last reply
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                • E [email protected]

                  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.

                  R This user is from outside of this forum
                  R This user is from outside of this forum
                  [email protected]
                  wrote on last edited by
                  #142

                  Isn't this what he did with Twitter and the courts forced him to honor the offer?

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                  • L [email protected]

                    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.

                    B This user is from outside of this forum
                    B This user is from outside of this forum
                    [email protected]
                    wrote on last edited by
                    #143

                    But they aren’t required to sell though.

                    L 1 Reply Last reply
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                    • L [email protected]

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

                      B This user is from outside of this forum
                      B This user is from outside of this forum
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                      wrote on last edited by
                      #144

                      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.

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                      • B [email protected]

                        But they aren’t required to sell though.

                        L This user is from outside of this forum
                        L This user is from outside of this forum
                        [email protected]
                        wrote on last edited by
                        #145

                        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.

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                        • E [email protected]

                          and the US presidency for 290 million.

                          So, about a dollar per American.

                          B This user is from outside of this forum
                          B This user is from outside of this forum
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                          wrote on last edited by
                          #146

                          Less. Our population is something like 330m now I think.

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                          • E [email protected]

                            Everyone should've chipped in with a dollar and you'd have your own country! /s

                            chairmanmeow@programming.devC This user is from outside of this forum
                            chairmanmeow@programming.devC This user is from outside of this forum
                            [email protected]
                            wrote on last edited by
                            #147

                            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.

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                            • M [email protected]

                              YES!

                              Finally a way to destroy the AI hype.

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

                              D This user is from outside of this forum
                              D This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #148

                              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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                              • L [email protected]

                                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.

                                T This user is from outside of this forum
                                T This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #149

                                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.

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                                • M [email protected]

                                  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.

                                  C This user is from outside of this forum
                                  C This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #150

                                  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.

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                                  • E [email protected]

                                    and the US presidency for 290 million.

                                    So, about a dollar per American.

                                    Z This user is from outside of this forum
                                    Z This user is from outside of this forum
                                    [email protected]
                                    wrote on last edited by
                                    #151

                                    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.

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                                    • J [email protected]

                                      I asked the locally-hosted version about Tienanmen Square and it gave an accurate description, but the wording was a bit sympathetic to the CCP. It was like "according to some people, this is what happened, but the government contests this."

                                      B This user is from outside of this forum
                                      B This user is from outside of this forum
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                                      wrote on last edited by
                                      #152

                                      Honestly that's probably just the data it's been trained on, rather than explicit instructions to censor the incident.

                                      Makes sense that a Chinese AI would be trained on more Chinese sources than a western AI.

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                                      • P [email protected]

                                        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.

                                        A This user is from outside of this forum
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                                        wrote on last edited by
                                        #153

                                        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

                                        P 1 Reply Last reply
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                                        • A [email protected]

                                          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

                                          P This user is from outside of this forum
                                          P This user is from outside of this forum
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                                          wrote on last edited by
                                          #154

                                          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.

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