wccrawford@lemmy.world
on 13 Feb 16:57
nextcollapse
Ahh, financial blackmail. That makes a lot of sense for him.
webghost0101@sopuli.xyz
on 13 Feb 17:12
nextcollapse
For context:
This bid is an attempt at a threat because it overvalued the perceived value of the non profit side of openai.
Openai has a known perceived total value. (dont know how much exactly) Musk wants to lay the argument that by refusing his bid. Most of that value is in the non profits side and thus less in the for profit side.
This is a threat because the profit side is where openai partners, like Microsoft have their stake. So its lowering the perceived monopoly money of those shareholders.
Of course can be ignored. OpenAi has stated they can refuse on many other reasons unrelated to the bidding price.
Also OpenAi is a fascist collaborator just like musk.
Source: ai explained yt channel
Bjornir@programming.dev
on 13 Feb 18:00
nextcollapse
Could they not refuse because they simply don’t want to sell?
mannycalavera@feddit.uk
on 13 Feb 18:15
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This is not how the US works. Your assets belong to me now.
thefartographer@lemm.ee
on 13 Feb 18:20
nextcollapse
Oh, okay… Can I visit them on the weekends?
SinningStromgald@lemmy.world
on 13 Feb 19:11
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Only if you buy them, me, my SO and theirs lunch. And no cheap shit! Olive Garden minimum. Gods do I love breadsticks!
webghost0101@sopuli.xyz
on 13 Feb 18:17
nextcollapse
In a way they can but the rich live in a very weird world of pretend so depending on what their answer is there may be pretend consequences and altered perception of their worth.
Altman responded that simply their charter of “for benefit of all man kind” is enough reason to decline but he carefully mentioned that the actual bidding price would not matter to come to that decision. He is friends with fascists but not stupid.
Shareholders can sue if the board doesn’t do the thing that will maximize shareholder value. Probably the basic underlying problem with companies that sell stock.
In a court filing on Wednesday, lawyers for Elon Musk said the billionaire will withdraw his $97.4 billion bid for OpenAI’s nonprofit if the ChatGPT maker’s board of directors “preserve the charity’s mission” and halt the company’s conversion to a for-profit.
threaded - newest
Ahh, financial blackmail. That makes a lot of sense for him.
For context:
This bid is an attempt at a threat because it overvalued the perceived value of the non profit side of openai.
Openai has a known perceived total value. (dont know how much exactly) Musk wants to lay the argument that by refusing his bid. Most of that value is in the non profits side and thus less in the for profit side.
This is a threat because the profit side is where openai partners, like Microsoft have their stake. So its lowering the perceived monopoly money of those shareholders.
Of course can be ignored. OpenAi has stated they can refuse on many other reasons unrelated to the bidding price.
Also OpenAi is a fascist collaborator just like musk.
Source: ai explained yt channel
Could they not refuse because they simply don’t want to sell?
This is not how the US works. Your assets belong to me now.
Oh, okay… Can I visit them on the weekends?
Only if you buy them, me, my SO and theirs lunch. And no cheap shit! Olive Garden minimum. Gods do I love breadsticks!
<img alt="" src="https://lemmy.world/pictrs/image/0401b1ae-f065-4c0f-8b72-23738b7bcd91.jpeg">
In a way they can but the rich live in a very weird world of pretend so depending on what their answer is there may be pretend consequences and altered perception of their worth.
Altman responded that simply their charter of “for benefit of all man kind” is enough reason to decline but he carefully mentioned that the actual bidding price would not matter to come to that decision. He is friends with fascists but not stupid.
Shareholders can sue if the board doesn’t do the thing that will maximize shareholder value. Probably the basic underlying problem with companies that sell stock.
What shareholders?
Yeah, pretty sure Sam Altman is an investor in Praxis which is another one of those projects to make a billion run fifedom.
en.wikipedia.org/wiki/Praxis_(proposed_city)#valu…
Fuck Elon Musk
How transparent can you be?
Grok not working out ok?
Fuck Elon.