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Musk-led group makes $97B bid for control of OpenAI

reuters.com

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Re: Musk-led group makes $97B bid for control of OpenAI

#351

Earlier quoted context omitted.

He founded (for some definition) the two most impressive American corporations of the century and tweeted a lot to build a direct connection to people.

What’s impressive about Tesla? It’s already being outcompeted by companies in China, losing market share, and the other manufacturers are catching up. Besides that, he’s pissed off the demographics most likely to buy Teslas. It’s not like most Trump voters are buying EVs

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Re: Musk-led group makes $97B bid for control of OpenAI

#352
post #194

Earlier quoted context omitted.

Reading the other comments in this Twitter thread it seems like it's gotten much worse than in the years before. It's seems so much more political and radicalized now.

> It's seems so much more political and radicalized now. It's more politicized.. now ? More politicized than when literal politicians and three letter agencies were determining what should and shouldn't trend? How can anyone say that?

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Re: Musk-led group makes $97B bid for control of OpenAI

#353
post #312
post #279

A lot of people are unsurprisingly throwing shade on Musk being involved here but I think it's really important to understand what this is fundamentally about: stopping or fundamentally changing OpenAI's plans to be spun off. The issue at hand is that OpenAI (the private, currently "capped profit" entity, henceforth in this post referred to as OpenAI-P) is trying to get spun out of control of the OpenAI non-profit (h…

I do not, for a single second, believe that Musk is doing this for altruistic reasons.

I never said this was altruistic. The same goal can come from him trying to derail OpenAI-P.

Re: Musk-led group makes $97B bid for control of OpenAI

#355

Earlier quoted context omitted.

I imagine that's why he's pivoted to using other peoples' wealth.

Gee, at some point hard to tell if Elon is not just the guy on stage for whoever holds the (purse) strings.

Yea probably Soros and the free masons are still running the show

/s

Re: Musk-led group makes $97B bid for control of OpenAI

#356
post #21

He also has several investors backing him, including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital and 8VC, a venture firm led by Palantir co-founder Joe Lonsdale. Ari Emanuel, CEO of Hollywood company Endeavor, is also backing the offer through his investment fund.

....Atreides Management? The financing arm of a aristocratic line running a personality cult and who have a nepo baby on the cards contemplating a little bit of jyhad as his ticket out? ....I Do sometimes wonder who comes up with these names.

> I Do sometimes wonder who comes up with these names.

The same kind of people that idolize the character Patrick Bateman from American Psycho instead of laughing at how ridiculous and pathetic Bateman is.

Re: Musk-led group makes $97B bid for control of OpenAI

#357

Earlier quoted context omitted.

was looking for a musk margin call in 2023, no such luck, now he’s VP and markets are still fake

We'll see. After throwing out a few Nazi salutes, Tesla sales have been tanking in Europe.

Also after Teslas keep catching on fire more than the damn Ford Pinto did.

Re: Musk-led group makes $97B bid for control of OpenAI

#358

Earlier quoted context omitted.

What’s impressive about Tesla? It’s already being outcompeted by companies in China, losing market share, and the other manufacturers are catching up. Besides that, he’s pissed off the demographics most likely to buy Teslas. It’s not like most Trump voters are buying EVs

> What’s impressive about Tesla? The fact that it's worth more than all the other automakers combined. > the other manufacturers are catching up Re-read what you wrote, and consider how preposterous it is that automakers founded more than a century ago are now "catching up" to a company that sold its first car in 2008.

The fact that it's worth more than all the other automakers combined.

to justify this “vapor worth” Tesla would have to sell about 89 billion cars :)

…automakers founded more than century ago…

look-up when BYD was founded…

Re: Musk-led group makes $97B bid for control of OpenAI

#359
post #279

A lot of people are unsurprisingly throwing shade on Musk being involved here but I think it's really important to understand what this is fundamentally about: stopping or fundamentally changing OpenAI's plans to be spun off. The issue at hand is that OpenAI (the private, currently "capped profit" entity, henceforth in this post referred to as OpenAI-P) is trying to get spun out of control of the OpenAI non-profit (h…

Nonsense. He's ignoring judges orders to cease and desist in his funding freezes and he's simultaneously attempting to seize control of the AI company through an aggressive acquitision, all the while avoid seemingly all oversight. This can only be described as techno authoritarianism.

> and he's simultaneously attempting to seize control of the AI company through an aggressive acquitision

Kind of, yes! If OpenAI actually believes that the true value of OpenAI-NP is $40B then surely they will sell it for $97B! But, they of course don't believe that the proper valuation of complete control over OpenAI-P is worth only $40B. That's the point of why this works.

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