Elon makes a $97B offer for control of OpenAI

4,274 Views | 21 Replies | Last: 5 days ago by TexAgs91
TexAgs91
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10:16p, 2/10/25
AG


Sam Altman says no thanks, but OpenAI's BoD does have a fiduciary responsibility to protect the interests of OpenAI and to act in the stockholders' best interests.

Elon has already filed a lawsuit against OpenAI because they've violated their founding documents and are a closed-source, profit driven entity.

OpenAI is currently raising funds at a $300 billion valuation.
No, I don't care what CNN or Miss NOW said this time
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Philip J Fry
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10:18p, 2/10/25
AG
But China made an AI for 60K.
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TexAgs91
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In reply to Philip J Fry • 10:19p, 2/10/25
AG
Philip J Fry said:
But China made an AI for 60K.
According to China
No, I don't care what CNN or Miss NOW said this time
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bmks270
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10:44p, 2/10/25
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No clue if what I saw written was correct, but apparently the non-profit was valued at 40 billion. The non-profit has to be in essence sold to convert to a for profit org. Elon much higher offer is essentially a bid that means the non-profit would have to sell to the highest bidder essentially forcing whoever's is converting it from non-profit to a for-profit to bid higher.

That's my simpleton understanding from a tweet.
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infinity ag
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In reply to Philip J Fry • 11:05p, 2/10/25
Philip J Fry said:
But China made an AI for 60K.

And you believe everything the Chinese say?
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AnScAggie
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In reply to infinity ag • 11:19p, 2/10/25
AG
infinity ag said:
Philip J Fry said:
But China made an AI for 60K.

And you believe everything anything the Chinese say?
FIFY
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e=mc2
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11:25p, 2/10/25
AG
I hate to say this, but he needs to focus on DOGE and his current jobs. He giving the left "taking over the world" talking points. But there's no off button to Musk. Never has been.
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Philip J Fry
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In reply to infinity ag • 11:34p, 2/10/25
AG
infinity ag said:
Philip J Fry said:
But China made an AI for 60K.

And you believe everything the Chinese say?


Some of you are really bad at sarcasm
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WestHoustonAg79
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12:42a, 2/11/25
Mind blowing where we are. Musk is the new Orange Man bad and we are praying he just shuts up and does his thing. The fact I'm not typing Trump is hilarious to me.

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Heineken-Ashi
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In reply to e=mc2 • 12:51a, 2/11/25
e=mc2 said:
I hate to say this, but he needs to focus on DOGE and his current jobs. He giving the left "taking over the world" talking points. But there's no off button to Musk. Never has been.
I don't think he wants to buy it. But I think he would to make a point. Like Twitter, I think he wants to expose it, and all the corruption within. Force them to open their books and find the fraud inside.
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kb2001
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In reply to infinity ag • 12:56a, 2/11/25
AG
infinity ag said:
Philip J Fry said:
But China made an AI for 60K.

And you believe everything the Chinese say?
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ts5641
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In reply to TexAgs91 • 5:48a, 2/11/25
TexAgs91 said:
Philip J Fry said:
But China made an AI for 60K.
According to China
And the dems and the media...
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fixer
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5:51a, 2/11/25
So 97B is the new eff you money?

Got damn.
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infinity ag
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In reply to Philip J Fry • 7:44a, 2/11/25
Philip J Fry said:
infinity ag said:
Philip J Fry said:
But China made an AI for 60K.

And you believe everything the Chinese say?


Some of you are really bad at sarcasm

OK, point noted

you are right, obvious comment should have been obvious...
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RedHand
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In reply to bmks270 • 8:07a, 2/11/25
AG
bmks270 said:
No clue if what I saw written was correct, but apparently the non-profit was valued at 40 billion. The non-profit has to be in essence sold to convert to a for profit org. Elon much higher offer is essentially a bid that means the non-profit would have to sell to the highest bidder essentially forcing whoever's is converting it from non-profit to a for-profit to bid higher.

That's my simpleton understanding from a tweet.
From what I understand this is correct, but there is a caveat that Altman is rumored to be trying to buy the AI portion with a low ball offer. Since he sits on the board and won the recent power struggle he likely will control who gets to buy it. Its going to be interesting to see how this shakes out if it does end up selling for less than Elon's offer.
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8:45a, 2/11/25
Dan Scott
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10:40a, 2/11/25
AG
I guess that explains why TSLA stock is down
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TexAgs91
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9:12p, 2/12/25
AG
rgvag11 said:




Altman's offer is about 1/5 the price Musk paid for Twitter. Sick burn.


It's cute but is meaningless. As mentioned in the OP, OpenAI's board has a fiduciary responsibility to consider Elon's offer.
No, I don't care what CNN or Miss NOW said this time
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richardag
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9:34p, 2/12/25
Wondering how the revelation below is affecting this exchange between Elon Musk & Sam Altman.
Marc Andreessen exposes Biden admin's plan to control AI
quote from the article;
  • Andreessen described the experience as "horrifying," and it had a significant impact on his decision to endorse Donald Trump in the upcoming election.

    In the meeting, Andreessen learned that government officials were planning to take strong control over the AI sector, limiting its development and access to a few large companies that cooperate closely with the government. According to Andreessen, the officials clearly stated that AI startups would not be allowed to exist ,,,…,,,
I apologize in advance for my ignorance in the development of AI
We really need to rewrite our laws concerning libel and slander.
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Secolobo
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9:49p, 2/12/25
AG
97 billion. But when Trump overvalued something they prosecuted him…
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TexAgs91
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11:24p, 4/29/26
AG
The trial is under way. I wish this could be televised. Here's Elon being questioned by OpenAI's lawyer...



Quote:
Musk vs OpenAI's lawyer the cross-examination exchanges

William Savitt Wachtell Lipton's lead defense lawyer, Supreme Court clerk, trained to break witnesses.

Savitt opens with a misleading premise.
Musk: "You're being misleading. What you're saying is false."

Savitt tries again with a different loaded frame.
Musk: "Your questions are not simple. They are designed to trick me."

Savitt demands a yes or no answer to a complicated question.
Musk: "If you ask a question where there is no possible simple answer, I must give a longer answer because any simple answer would be misleading the jury."

Musk reaches for an analogy: "The classic answer to a yes or no question is not so simple. For example, if you ask the question 'will you stop beating your wife?'..."

Judge Gonzalez Rogers cuts him off: "No, we're not gonna go there."

The courtroom laughs.

Savitt apologizes for the question.
Musk: "I find it funny you saying it wasn't an unfair question since you're only asking unfair questions."

Savitt: "I'm doing my best."
Musk: "That is not true."

OpenAI's lawyer came to break Musk.
Musk wasn't having it.


The courtroom drawing even has a Stunned Oakie

No, I don't care what CNN or Miss NOW said this time
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TexAgs91
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8:41a, 5/6/26
AG
The trial continues and OpenAI co-founder Greg Brockman's private diary (which is admissible because he also uses it to take notes at OpenAI) just gave Elon a nicely wrapped gift on a silver platter.

In the case where Elon accuses the heads of OpenAI of stealing a non-profit from him, Greg writes in his diary
Quote:
cannot say that we are committed to the non-profit. Don't want to say that we're committed. If three months later we're doing b-corp then it was a lie.


Quote:
It would be wrong to steal the non-profit from him. To convert to a b-corp without him. That'd be pretty morally bankrupt. And he's really not an idiot.


Quote:
Can't see us turning this into a for-profit without a very nasty fight... his story will correctly be that we weren't honest with him in the end about still wanting to do the for profit just without him.


No, I don't care what CNN or Miss NOW said this time
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