Elon Musk just offered to buy OpenAI for $97.4 billion
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His net worth is NOT how much money he is net positive. All his net worth means, is he has hundreds of billions of assets, it says nothing for the debt load he is holding onto, nor how much of his assets are already leveraged. With how throughly he has obliterated xitters ad income when it was being sold because investors were unhappy with ad income already being too low, it looks like ol Elon might have found a sure fire way to turn a billion into a million, and somehow people keep loaning him money... Have they checked who else has their financial interests vested in assets he "owns" or when you have that much stuff do they just assume no one else is using it for collateral... Just be interesting if suddenly his entire fortune went up with a puff of smoke because the debt load was too high and one of his investments went further sour causing a cascade similar to a short squeeze, just encapsulated entirely on elon musk and his assets being liquidated...
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Alternative X Cancel link to thread:
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I'd take $5M of government funding and make similar progress. Yo DOGE, call me.
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I thought he only barely pulled off the Twitter deal at $40B, now he's going 2x+x that much?
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"NaziAI" has a real ring to it.
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Saudis were happy to bankroll it to kill the main organisation platform behind the Arab Spring uprisings
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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?
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Because if you believe it's worth $97B you don't offer to overpay by $3B...
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At least part of the money helps invested in things like Twitter etc he borrowed from other companies he owns that are overvalued (Tesla).
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Buy a company mostly with other people's money (he paid ~15B of the 44B offer) lose a lot, 70% or more but use it to win an election and gain 200B in profit.
Musk is a salesman and he's good at getting investors to get behind his crap. He's never produced actual value but that doesn't matter to stock values apparently.
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Unfortunately he has a gaggle of hitler youth in tow doing his bidding for him
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Running the models locally.
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Arnim Zola IRL
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Gotta ride that debt wave - what else is there to do in life? ("Helping people" is somehow not an option, nor is simply leaving well enough alone, we apparently "need" to have his face and name and one arm raised in nearly every conversation taking place on planet earth)
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SpeakIt. It's like SheepIt but for powering language models.
Source: i made it up
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Lmao "Twitter"
