EagleEye Economics
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šØ Elon Muskās $97.4B Hostile Takeover Attempt on OpenAI Ends in Humiliating Rejection šØ
Elon Musk, in a move widely seen as aggressive and destabilizing, has launched a $97.4 billion hostile takeover bid for OpenAI, the very company he co-founded but later abandoned. The bid, reported by The Wall Street Journal, was met with swift rejection by OpenAI CEO Sam Altman, escalating an already bitter feud between the two tech titans.
š„ How It Unfolded:
Muskās Power Grab š¤š° ā Backed by xAI, Valor Equity Partners, and 8VC, Musk attempted to regain control over OpenAI, despite previously walking away from the company when it refused to submit to his demands.
Altmanās Savage Clapback š ā Instead of a long-winded rebuttal, Altman dismissed Muskās bid with a single tweet:
š āno thank you but we will buy twitter for $9.74 billion if you want.ā
A brutal mockery of Muskās own bid, underlining how little OpenAI values Muskās interference.
Muskās Childish Retort ā Stung by the rejection, Musk resorted to name-calling, replying with a single word: āSwindler.ā
No explanation, no argumentājust a bitter insult, signaling his frustration at losing control over AI's most powerful company.
š¤ Whatās Really Happening?
Musk has been suing OpenAI, claiming it betrayed its nonprofit mission to benefit humanity. Yet, critics argue heās just bitter over losing influence.
OpenAI, under Altman, has surged ahead, securing billions in funding and industry dominance. Muskās xAI remains a struggling challenger with little to show.
Muskās pattern of bullying rivals and launching lawsuits when things donāt go his way is on full display hereāthis time, the world is laughing at his failure.
š Your Thoughts?
Is Musk genuinely concerned about AI ethics, or is this just another power grab from a sore loser? Letās discuss below! ā¬ļø
š„ Like, Share & Comment if you think OpenAI made the right call! š„
Elon Musk, in a move widely seen as aggressive and destabilizing, has launched a $97.4 billion hostile takeover bid for OpenAI, the very company he co-founded but later abandoned. The bid, reported by The Wall Street Journal, was met with swift rejection by OpenAI CEO Sam Altman, escalating an already bitter feud between the two tech titans.
š„ How It Unfolded:
Muskās Power Grab š¤š° ā Backed by xAI, Valor Equity Partners, and 8VC, Musk attempted to regain control over OpenAI, despite previously walking away from the company when it refused to submit to his demands.
Altmanās Savage Clapback š ā Instead of a long-winded rebuttal, Altman dismissed Muskās bid with a single tweet:
š āno thank you but we will buy twitter for $9.74 billion if you want.ā
A brutal mockery of Muskās own bid, underlining how little OpenAI values Muskās interference.
Muskās Childish Retort ā Stung by the rejection, Musk resorted to name-calling, replying with a single word: āSwindler.ā
No explanation, no argumentājust a bitter insult, signaling his frustration at losing control over AI's most powerful company.
š¤ Whatās Really Happening?
Musk has been suing OpenAI, claiming it betrayed its nonprofit mission to benefit humanity. Yet, critics argue heās just bitter over losing influence.
OpenAI, under Altman, has surged ahead, securing billions in funding and industry dominance. Muskās xAI remains a struggling challenger with little to show.
Muskās pattern of bullying rivals and launching lawsuits when things donāt go his way is on full display hereāthis time, the world is laughing at his failure.
š Your Thoughts?
Is Musk genuinely concerned about AI ethics, or is this just another power grab from a sore loser? Letās discuss below! ā¬ļø
š„ Like, Share & Comment if you think OpenAI made the right call! š„
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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