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OpenAI Swiftly Rebuffs Musk's Surprise $97.4 Billion Buyout Attempt

lkrupp said:
I think this would be cool. Political hotheads are already vowing to sell their iPhones because they might connect to Starlink. Where they might go instead is not discussed. So if Musk buys Open AI those same hothead’s heads will explode. On his HBO show Bill Maher listed all the celebrities who vowed to leave the U.S. after the election... no one has yet.
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Why would that be cool? What would Musk offer, specifically, that isn't already being done, except inserting (more) unnecessary politics and division into the company?

Tech needs A LOT less politics, big personalities and celebrity worship, Musk and Altman included.
 
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PsykX said:
How would Musk buy that ? I know he has like 500 billions, but it's not liquid. Would he get rid of all his Tesla stocks ?
He already doesn't do anything anymore in this company. Would be bad for the stock, but good for Tesla in the long run for sure.
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He didn't offer to buy it by himself, it was a consortium of investors, one of which is Musk.
 
richpjr said:
He didn't offer to buy it by himself, it was a consortium of investors, one of which is Musk.
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A consortium of investors could be as little as 3 people.
What's the proportion for Musk, and even more importantly, who are these other people ?
I know this is a private business, but it is lacking transparency.
 
lixuelai said:
Musk is just trying to make it harder for Altman to turn OpenAI into a for-profit. The OpenAI charity needs to be compensated if OpenAI becomes a for-profit and OpenAI is incentivized to make its valuation as low as possible. Musk just royally fked that up (and probably a fair thing to do too).
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What? No later than today I read an analyst saying that OpenAI is trying to reach for 300 billions valuation soon.
 
PsykX said:
A consortium of investors could be as little as 3 people.
What's the proportion for Musk, and even more importantly, who are these other people ?
I know this is a private business, but it is lacking transparency.
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The investors are Musk's x.AI Corp., Baron Capital Group, Valor Management, Altreides Management, Vy Fund III, Emanuel Capital Management, and Eight Partners VC.

Flood4 said:
What? No later than today I read an analyst saying that OpenAI is trying to reach for 300 billions valuation soon.
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It's currently at $160 billion. $300 billion is in the works, and they are pushing for $500 billion next.
 
Razorpit said:
I'm guessing neither of you have bought a business and turned what was more or less a hobby/fun project in to a world phenomena? It isn't easy to do.

It isn't easy to do. All you have to do is look at Apple and see how many companies they have bought and either shut down or destroyed. Siri, Beddit, Drive.ai, Dark Sky, come to mind.
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No, I started mine from scratch and found out that when you don't BS customers and break laws making money is much harder.
 
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They are all fake fighting to make themselves look bigger and more important than they are. I’ll give you 100 billies. Meh give me 300 billies. Meh give me 500 billies. They throw these big numbers around to make themselves look godly and to make you look puny.

It’s like WCW WWF Hulk Hogan versus Undertaker level acting.

All billionaires are performance artists sucking up all your money. They have no personal beliefs or positions. Their god is money and you are just the object they use to extract money. They see you as nothing more than a disposable object. If they see a population with not enough money they start dropping bombs on them to make war money.
 
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nostradumbass said:
They are all fake fighting to make themselves look bigger and more important than they are. I’ll give you 100 billies. Meh give me 300 billies. Meh give me 500 billies. They throw these big numbers around to make themselves look godly and to make you look puny.

It’s like WCW WWF Hulk Hogan versus Undertaker level acting.

All billionaires are performance artists sucking up all your money. They have no personal beliefs or positions. Their god is money and you are just the object they use to extract money. They see you as nothing more than a disposable object. If they see a population with not enough money they start dropping bombs on them to make war money.
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Yes, but to an extent people are their own worst enemy.
The number of channels I see on Youtube that rail against Musk and then put in their description, "Follow me on Twitter".
I don't know why it's so hard, Close. Your. Account.
Would put money that quite a few here have them too.
 
Razorpit said:
I'm guessing neither of you have bought a business and turned what was more or less a hobby/fun project in to a world phenomena? It isn't easy to do.
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It's easier to do when you have government support. There was a period of time where Tesla's only positive income was from selling their carbon credits that came directly from the government cap and trade policy. And SpaceX is entirely dependent on government contracts to be viable.

At a more basic level, the ability to incorporate a business and all of the legal/tax advantages it provides would not be possible without the government.
 
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ItsASpider said:
What probably more contributed to it is that this is a company that very specifically *didn't* want Musk to have control over it, and has become a success despite (or mayhaps more likely; because of) kicking him out.

Musk has a serious ego problem. I don't know who said it first, but it can all be summed up to this: "He knows the world needs saving, but he'll burn it to the ground if it isn't him who saves it."
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disco inferno
(Burn baby burn) burn that mother down
(Burn baby burn) disco inferno
(Burn baby burn) burn that mother down
 
At $97b, I'm selling and providing my family generations of financial freedom. Screw that!
 
turbineseaplane said:
Musk is bordering on "totally insane"

View attachment 2481143
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As for his attitude, aside from being somewhat socially challenged, IMO being obnoxious or even to a degree a force for chaos, is useful if it challenges entitlement and complacency.

OpenAI as open source not-for-profit might not suck (you can always make a profit on services and specialized training data), but really any AI IMO ought to be either open or subject to independent expert review. I don't see them taking over the world unless they're controlling something physical; but they could certainly be abused by humans to manipulate other humans. Not like everything else ever that that could be done with hasn't already been abused that way. But new tools really don't need to be abused to manipulate people more effectively.
 
gnipgnop said:
It's easier to do when you have government support. There was a period of time where Tesla's only positive income was from selling their carbon credits that came directly from the government cap and trade policy. And SpaceX is entirely dependent on government contracts to be viable.

At a more basic level, the ability to incorporate a business and all of the legal/tax advantages it provides would not be possible without the government.
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I don't get your point. There are opportunities out there, available to anyone who wants to take the risks and has the foresight. What you mentioned isn't limited to one man or business. Boeing, Sierra Space, and Blue Origin all take government money. How's that working out for the diverse Boeing? Carbon credits are available to other manufacturers as well.

Of course Tesla is going to take the path of least resistance and take advantage of those stupid carbon credits. If you can get real money for exchanging pretend goods and services, why wouldn't you? Blame the government not Tesla. Next you'll be saying "They only had all those sales because buyers got tax breaks on new purchases." That's how the game is played.

As for Space X, Other than governments who's going to pay for a majority of the space race? It's not like Pizza Hut is going to come along and say, "Hey Space X can we pay you to launch this really big banner in to outer space for us? We think it'll help with sales."

And finally it's because of the complexities governments add that create the need for incorporation. Government is not the solution, government is the problem.
 
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Razorpit said:
I don't get your point. There are opportunities out there, available to anyone who wants to take the risks and has the foresight. What you mentioned isn't limited to one man or business. Boeing, Sierra Space, and Blue Origin all take government money. How's that working out for the diverse Boeing? Carbon credits are available to other manufacturers as well.

Of course Tesla is going to take the path of least resistance and take advantage of those stupid carbon credits. If you can get real money for exchanging pretend goods and services, why wouldn't you? Blame the government not Tesla. Next you'll be saying "They only had all those sales because buyers got tax breaks on new purchases." That's how the game is played.

As for Space X, Other than governments who's going to pay for a majority of the space race? It's not like Pizza Hut is going to come along and say, "Hey Space X can we pay you to launch this really big banner in to outer space for us? We think it'll help with sales."

And finally it's because of the complexities governments add that create the need for incorporation. Government is not the solution, government is the problem.
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Hah, Pizza Hut did just that:


Fast food giant Pizza Hut Inc is to put its logo on the side of the Russian rocket that will deliver into orbit the next stage of the multi-billion-dollar International Space Station.
....
He refused to name the exact price. Company officials had wanted to use lasers to shine a giant logo on to the surface of the moon, but they started looking for an alternative promotional idea when they learnt that the image would have to be as big as Texas to be seen by earthlings more than 380,000 kilometers (238,000 miles) away.
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SoldOnApple said:
Musk is salty because AI turned out to be a bigger and more world changing innovation than anything he's done, as cool as his rockets are and as great as Tesla was at popularising EVs. Sam Altman is going to get more pages in the history books than Musk.
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laughable. guess who is a cofounder of OpenAI? Musk.
 
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