Elon Musk just offered to buy OpenAI for $97.4 billion
Elon Musk just offered to buy OpenAI for $97.4 billion
Silicon Valley’s most heated AI rivalry just keeps escalating.
It isn’t racist enough, so he has to take over and train it on nazi propaganda.
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.
I feel like "look at twitter" is probably enough of a defence to decline president musk.
It would probably need to be wordier for court proceedings.Lmao, musk is on record as making absurd offers and then trying everything he can to back out of them. I'm not sure why he offered this himself instead of getting a consortium of investors together to do so on his behalf without any involvement from him.
Isn't this what he did with Twitter and the courts forced him to honor the offer?
But they aren’t required to sell though.
Yes, they could remain private but they are attempting to go public. This action is a legal speedbump that they must now work really hard to maneuver around.
I wonder why his offer wasn't 69.420 billion?
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.
Exactly same situation here. Every day I'm wanting to strangle him and all the other nazis and nazi enablers working in this government. An eternity of suffering would be the only way to approach the suffering of thousands of people through their entire lives that he and all these monsters are causing, not just to those living right now but who knows how generations following
Exactly. It is like Plessy v. Ferguson in 1896. It enshrined segregation as legal and was never over turned. It wouldn't be until 60+ years before segregation is overturned. That is literally a lifetime. And we all know that it was never really overturned, so it's effects are still shown.
Segregation was also expanded in the following decades that robbed black people of opportunities to grow generational wealth, in the wake of the decision and other racist events.
and the US presidency for 290 million.
So, about a dollar per American.
That’s on par with the fundraising goal for my kid’s elementary school. About a dollar per person in the district.
Totally different situation though, since these suckers at the school are going to spend it on a bunch of kids who haven’t even labored in the mines for it.
Less. Our population is something like 330m now I think.
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.
Yep, seems legit, eh? 🤣
Pretty sure he's now functionally the worlds richest man (including oligarchs with a lot of hidden wealth) what with his newly aquired un-supervised access to 6 trillion in US government funds.
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.
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.
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.
I thought this was because he’s still pissy they cut him out, but I guess his reasons can be multifaceted
Open-source just turned its value to dog shit, I'd say the offer is far above its value.
With how twitters value has gone since he bought it, I'd say he is pretty bad at this
i think this is old spice admitting that xAI is total bullshit
Well, to be 100% fair, it's all total bullshit.
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.
Maybe below what investors or OpenAI thinks, but I think I'd take it. Unless they've got more secrets up their sleeve I don't seem them ever being worth that much.
How stupid is this conspiracy theory:
If it were a threat, like “this is what you’re gonna be worth if you don’t accept, anyway” depending on how power drunk he was feeling when hitting Tweet
Lol is that even a thing? xAI? I've never heard of it, and I self host AI's, and explore them often.
It's real. https://en.wikipedia.org/wiki/XAI_(company)
Genius mastermind shadow president plan:
- Buy company A for shit ton of money
- Ruin company A so it is worth 80% less
- Still have shit ton of money
- Repeat with company B
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...
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.
Tesla investors are starting to care, it seems.
Ruin company A so it is worth 80% less
Ruin country USA so it is worth 80% less.
It'll work this time. He just has to be even shittier about it. /s
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.
chatgpt is still useful for things as long as you dont put too much trust in it.
Yep, its very useful for generating buzzword salad, so I use it for cover letters for job postings.
Pretty much what I use my locally hosted LLM for. Might not be as good as ChatGPT but I don't really care.
Regular users can use Gemini, Deepseek, Meta AI, and there will probably be many more services in the future.
deepseek has censorship which makes it unreliable. But hopefully someone will fix that since its opensource. So at least there is that. google is garbage in comparison to chatgpt and i havent tried anything meta has produced since i dont want to have anything to do with that filth, so i dont know anything about that one. So maybe there is some hope in long term, if things dont get worse elsewhere.
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.
YES!
Finally a way to destroy the AI hype.
Maybe the man is good for something besides wasting oxygen after all.
Destroy it?
Like he destroyed Twitter by turning it into his personal propaganda outlet, maybe.
It sounds to me like he's just positioning himself to control an AI tech provider who will conveniently be contracted to replace all the government positions he is trying to eliminate.
Lol does he even have the money/stocks/bank friends to buy at that price?
He offered to buy it with someone else's money and take the credit
I’ve never understood how you can take out a loan to buy a company, turn around and place all that debt on the company you just bought, and have no personal ramifications when the company goes belly up because the debt load is too high.
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"
How to become a millionaire: Start with 97.4 Billion.
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.
There is still a finite amount of time per day. Any amount of time spent on this is less they have available for everything else.
Where is the "hide Musk/DOGE/Trump related posts" button ?
EDIT : Found it ! (Damn, Lemmy is awesome 😊)
I don't see this option sadly, only block instance/community/user. Would love to block Trump/Musks fucking faces from my life.
Yeah, I’m pretty much done with Lemmy right now. It’s just getting way too much. The sky is falling every five minutes.
Is he going to buy a “founder” clause in the contract?
Well this time he actually is one of the founders. He invested 45 million to launch OpenAI and he was co-chair with Altman
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.
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.
Anyone cozying up to Trump is announcing they have skeletons in their closet and he has the dirt.
“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.
lol. Wasn’t grok built specifically without safety in mind?
Musk: "Yeah safety as in: We must secure the safety of our people and a future for... "Real American" children."
I guess grok isn’t doing so well.
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.
I mean an island with no internet connection isn't that expensive to him
"NaziAI" has a real ring to it.
nAzI
This guy understands graphic design
NazAI
Arnim Zola IRL
AI did nazi that coming.
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.
When you government is made up of limp dick cucks... you don't know.
Welcome to 2025 America where nepo babies rule and men with any backbone get fired.
Interesting that he's making this offer now, isn't it. Almost like he's recently got access to a large sum of money.
Nah, he'll get foreign investors to help him and be further owned by foreign governments like he did for X.
I will be shocked if he uses his own money for this. He just got a ton of backdoors into the treasury department, remember? That was just last week.
OpenAI's Yahoo! moment. In a decade it'll be worthless.
🌍🧑🚀🔫🧑🚀
It already is. They'll bleed users until they are irrelevant at this point.
OK, what's the fediverse alternative for ChatGPT?
https://anythingllm.com/ (run them locally)
SpeakIt. It's like SheepIt but for powering language models.
Source: i made it up
In order to ruin it like Twitter?
Couldn't even pay for twitter himself, that broke ass
Would be funny to watch this go through and see how quickly he changes his mind on Open AI’s business model.
Would be funny to watch this go through and see how quickly he changes his mind on Open AI’s business model.
He'd be allowed to back out on this one unlike Twitter. He'd use his power with trump to prevent the SEC from forcing the sale to go through like the SEC did with Twitter.
I’m referring to his complaints about open ai moving towards a for profit business model. Musk wants to stop this.
I really hope he tanks Open AI.
Cage fight is no option anymore? 😎
Well, maybe it is better this way. Let them ruin each other, and their companies. The world will be a better place then.
Probably just the same market manipulation he tried with Twitter and succeeded with Bitcoin.
Satya won't be happy about that.
Why not make it an even 100 billion is what I would ask if I were uninformed, which I am, so it's what I'm asking.
Because if you believe it's worth $97B you don't offer to overpay by $3B...
Why buy it now and not earlier?
That's a really low offer; the company easily at the very least has three times that valuation.
What is this? An OpenAI for ants?
I thought he only barely pulled off the Twitter deal at $40B, now he's going 2x+ that much?
Saudis were happy to bankroll it to kill the main organisation platform behind the Arab Spring uprisings
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)
chump change fellas
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...
At least part of the money helps invested in things like Twitter etc he borrowed from other companies he owns that are overvalued (Tesla).