Elon Musk just offered to buy OpenAI for $97.4 billion
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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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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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YES!
Finally a way to destroy the AI hype.
Maybe the man is good for something besides wasting oxygen after all.
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You guys are awesome!
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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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Easier to get up and running with it's own interface (no need to run on localhost/with browser). Ollama is better if you want to tweak and customize.
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There’s tons of alternatives out there now that are as good or better.
Are they as popular, or the default use. How many "alternatives" are actually just piping through chatgpt.
Controlling information means getting control of the defaults, the ones people are used to using.
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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.
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How to become a millionaire: Start with 97.4 Billion.
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Lol does he even have the money/stocks/bank friends to buy at that price?
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Anyone cozying up to Trump is announcing they have skeletons in their closet and he has the dirt.
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In order to ruin it like Twitter?
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Is he going to buy a “founder” clause in the contract?
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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.
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Musk: "Yeah safety as in: We must secure the safety of our people and a future for... "Real American" children."
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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.
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Oh, I forgot about Claude. Last time I tried it, it seemed on par or even better that ChatGPT-4o (but was missing features like browsing).
