Elon Musk just offered to buy OpenAI for $97.4 billion
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https://anythingllm.com/ (run them locally)
How does it compare to ollama in your experience?
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To be clear (and as far as I understand), it’s not a hostile takeover bid because it cannot be: OpenAI is not a public company and thus doesn’t have a fiduciary duty to thousands to millions of shareholders but instead to a handful of big investors who can decide for themselves whether they want that Elon’s money or not. So this isn’t similar to what Twitter had been through but more like Elon teasing Altman I believe.
The distinction you’re making is valid but misses the forest for the trees. Whether OpenAI is public or not, Musk’s bid is a textbook power play, not a genuine offer. The lack of fiduciary duty doesn’t erase the intent—it amplifies it. This isn’t about shareholder obligations; it’s about Musk leveraging his wealth to reshape AI governance in his image.
Comparing this to Altman’s jab at Twitter isn’t apples-to-apples. Altman’s point was rhetorical, highlighting Musk’s track record of overpromising and underdelivering. The “open-source” crusade Musk touts is hollow when xAI remains proprietary.
This isn’t about legality or structure—it’s about influence and control. Dressing it up as altruism insults anyone paying attention.
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OK, what's the fediverse alternative for ChatGPT?
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Where is the "hide Musk/DOGE/Trump related posts" button ?
Bro, I think you just wiped out your entire front page.
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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?
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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Bro, I think you just wiped out your entire front page.
They're also hiding their head in the sand, which might be a bigger issue.
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Unfortunately, looks like buying Twitter was a very effective choice if you take profit off the priority list
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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well...I guess I can use chatGPT to walk me through setting one up?! I can use a double 4090 RTX config instead of heating too.
(these are really fucked up times)Download LM Studio.
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They're also hiding their head in the sand, which might be a bigger issue.
I'm still reading the old school press and listening to the radio.
I'm just not on lemmy to read about it AGAIN...
On top of that, it's mostly absurd and inaplicable announcements. They crave attention so much, it's painful to listen.
Look at Musk's video gaming scheme. Just pathetic... -
I'm still reading the old school press and listening to the radio.
I'm just not on lemmy to read about it AGAIN...
On top of that, it's mostly absurd and inaplicable announcements. They crave attention so much, it's painful to listen.
Look at Musk's video gaming scheme. Just pathetic...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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To be clear (and as far as I understand), it’s not a hostile takeover bid because it cannot be: OpenAI is not a public company and thus doesn’t have a fiduciary duty to thousands to millions of shareholders but instead to a handful of big investors who can decide for themselves whether they want that Elon’s money or not. So this isn’t similar to what Twitter had been through but more like Elon teasing Altman I believe.
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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I'm still reading the old school press and listening to the radio.
I'm just not on lemmy to read about it AGAIN...
On top of that, it's mostly absurd and inaplicable announcements. They crave attention so much, it's painful to listen.
Look at Musk's video gaming scheme. Just pathetic...Not sure FlyingSquid is aware of life outside Lemmy. They’re addicted to the lotus flowers here.
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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
Open-source just turned its value to dog shit, I'd say the offer is far above is value.
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They're also hiding their head in the sand, which might be a bigger issue.
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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The distinction you’re making is valid but misses the forest for the trees. Whether OpenAI is public or not, Musk’s bid is a textbook power play, not a genuine offer. The lack of fiduciary duty doesn’t erase the intent—it amplifies it. This isn’t about shareholder obligations; it’s about Musk leveraging his wealth to reshape AI governance in his image.
Comparing this to Altman’s jab at Twitter isn’t apples-to-apples. Altman’s point was rhetorical, highlighting Musk’s track record of overpromising and underdelivering. The “open-source” crusade Musk touts is hollow when xAI remains proprietary.
This isn’t about legality or structure—it’s about influence and control. Dressing it up as altruism insults anyone paying attention.
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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It isn’t racist enough, so he has to take over and train it on nazi propaganda.
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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It isn’t racist enough, so he has to take over and train it on nazi propaganda.
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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Look here: https://ollama.com/
You guys are awesome!
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They're also hiding their head in the sand, which might be a bigger issue.
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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How does it compare to ollama in your experience?
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.
