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
i think this is old spice admitting that xAI is total bullshit and he's giving up on making his own.
this post was submitted on 10 Feb 2025
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I thought this was because he’s still pissy they cut him out, but I guess his reasons can be multifaceted
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Elon’s $97.4B hostile takeover bid for OpenAI is less about “safety” and more about a billionaire’s corporate tantrum. The offer reeks of desperation—a laughable lowball for a company valued at $340B, dressed as altruism.
Altman’s clapback—“buy Twitter for $9.74B”—is the perfect middle finger to Musk’s flailing empire. Remember when X became a $44B dumpster fire? Now he wants to drag OpenAI into his orbit of mismanaged toys.
This feud isn’t about AI ethics—it’s two tech oligarchs weaponizing legal battles and PR stunts. Musk’s “open-source” crusade is safety theater while his own xAI hoards code. The only winner here? Lawyers billing hourly as the world burns.
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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Hahah he really hates Altman's guts. Good. Love to see those two expend their energy on each other rather than on fucking all of us.
Unfortunately, they can multitask
Musk isnt very good at that. He seems to Godzilla's his way through one project at a time, while interns clean up behind him.
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Unfortunately they can multitask
You guys both posted it within a few seconds of each other judging by my app updating the time. Impressive.
Unfortunately, they can multitask
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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.
and the US presidency for 290 million.
So, about a dollar per American.
Everyone should've chipped in with a dollar and you'd have your own country! /s
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Shortly after the news was announced, Altman posted on X: “no thank you but we will buy twitter for $9.74 billion if you want.”
If only their slapfight meant something good for the world. At least, I don't see everything collected in Musk's hands.
Lmao "Twitter"
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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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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Where is the "hide Musk/DOGE/Trump related posts" button ?
EDIT : Found it ! (Damn, Lemmy is awesome 😊)
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.
There are two sides to 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.
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...
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But remember, all of his wealth is only potential, not realized! He ackshually can't afford to make the world a better place!
The best and most affordable way for Elon Musk to "make the world a better place" would be to drop dead.
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I guess grok isn’t doing so well.
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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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.
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As long as he pays for it, and not the US taxpayer....
How the fuck would we know? He has access to pretty much everything and has shown absolute contempt for the other branches that can stop him. He could drain social security, and no one would be the wiser till payments stopped.
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Interesting that he's making this offer now, isn't it. Almost like he's recently got access to a large sum of money.
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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.
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Couldn't even pay for twitter himself, that broke ass
“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement provided by his lawyer Marc Toberoff to The Wall Street Journal. “We will make sure that happens.”
I'll believe that when I see it.
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How to become a millionaire: Start with 97.4 Billion.
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