Elon Musk just offered to buy OpenAI for $97.4 billion
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Ruin company A so it is worth 80% less
Ruin country USA so it is worth 80% less.
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lol. Wasn’t grok built specifically without safety in mind?
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I use a 16b reduction of deepseek-r1 on my pc at home and it's definitely not total bullshit. It's 10gb of local model that can solve mathematics and physics problems for you or program in python or bash. It doesn't hallucinate (or I haven't been able to elicit it), it's aware of the extents of its knowledge. It works incredibly fast on an old ryzen 1600 with 6600xt. Having an open source reasoning AI that takes 10gb of SSD and about 13 gb of ram is so weird that the only thing weirder is seeing smart people dismiss it as bullshit out of hand.
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How does it compare to ollama in your experience?
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I mean, they believed everything Trump said because he was "a business man, not a politician" even though all he ever was was a failed business man. These people are functional at best - they ain't bright.
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Even if you don't take profit off the list, it could well be that he had more financial success in these other companies because he uses twitter as promotion and propaganda platform...
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Download LM Studio.
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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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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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Not sure FlyingSquid is aware of life outside Lemmy. They’re addicted to the lotus flowers here.
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Open-source just turned its value to dog shit, I'd say the offer is far above is value.
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There are two sides two 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.
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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.
