Episode Transcript
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Speaker 1 (00:00):
Elon Musk's offer to buy open ai denied, joining us
live on the KWA Common Spirit Health Hotline to talk
more about it as ABC News Tech reporter, It's Mike Debusky. Mike,
thank you so much for your time, as always, walk
us through what Musk's offer was and how the CEO
ultimately reacted to it.
Speaker 2 (00:18):
Yeah. So, the Wall Street Journal was the first to
report that Elon Musk had put in a bid to
purchase open Ai. Open Ai, of course, the one of
the leading lights in the artificial intelligence space. They are
the creators of chat GPT popular chat bot, popular image
generator as well. They have a video generator. They're very
public facing and they are kind of they had a
(00:39):
Super Bowl commercial on Sunday. They are kind of the
big dog in the AI race right now, and Elon
Musk says that he'll buy it for about one hundred
billion dollars ninety seven point four billion dollar bid being
put in to buy open ais. Specifically their nonprofit arm
this company has a sort of weird structure. They are
(00:59):
not profit that under that has a for profit enterprise
and that's where you see the jat GPTs kind of live.
This is not just Elon Musk who's making this offer.
It is also includes venture capital firms like Valor Equity Partners,
Ari Emmanuel, who's this big Hollywood figure Pall and Teer
co founder John Lonsdale. So there are a number of
(01:21):
very prominent figures into Silicon Valley who now have an
eye on purchasing the leading artificial intelligence company in this country. However,
it does not seem that the lead of that company
wants to sell. Sam Altman, the founder and CEO of
open Ai, says that he doesn't want Elon Musk to
buy his company even for that huge number, though he
(01:42):
did say he is interested in buying Twitter, which of
course is owned by Elon Musk, for nine point seventy
four billion dollars, but one tenth of what Elon Musk
was offering.
Speaker 1 (01:51):
Mike, can you walk us through You mentioned a little
bit of this not for profit portion of open Ai,
which is fascinating to me. One thing I didn't know
ABOUTAI on time, the top of the fact that Musk
was part of this company before it eventually took off.
Speaker 2 (02:05):
Correct a co founder. As a matter of fact, back
in twenty fifteen, at a dinner Hymn and sam Altman
met and talked about spinning up this generative artificial intelligence
company that eventually became open ai. And the goal of
this nonprofit structure that they sort of set up was
to create AI for the good of all humanity. Right.
They thought that this structure was the way to make
(02:27):
AI that wasn't dangerous, but something that could genuinely help
people improve people's lives. Recently, we have seen, with the
emergence of this sort of for profit piece of open Ai,
the company kind of start to move away from that
goal a little bit. The rumor is, and the expectation
is that this year Sam Altman will take open ai
(02:48):
and make it into just a for profit enterprise, right,
get rid of the nonprofit piece of it, and just
have it be a normal company similar to Google or
Apple or anything else. Elon Musk, by putting in this
bid to make that happen to buy open Ai, is
certainly jacking up the price of that for Sam Altman.
(03:08):
So it's a bit of a poke in the eye there.
Even if Sam Altman says he's not going to sell it,
you know, the you know, maneuverings that need to happen
in order for them to make this into a for
profit company. Are now going to be a little bit
more expensive, if you know, some analysts are to be
believed that is kind of where we land right now.
Elon Musk, for what it's worth, they'd leave open ai
in twenty nineteen because he was concerned that Sam Altman
(03:31):
was straying too far away from that original nonprofit goal.
That's also why we saw in the sort of fall
winter time of twenty twenty three, I believe it was
there was a leadership struggle at open ai where Sam
Altmuon was briefly fired from the company that he co
founded and then kind of came back to it just
a few days later. Many people involved with that effort
(03:54):
to oust Sam Altman have since left the company.
Speaker 1 (03:57):
Mike and other tech news as well. Obviously, with Valentine's
Day around the corner, it sounds like more people are
actually moving away from the dating apps, and can you
believe it, people are actually attempting to talk in real life?
Speaker 2 (04:10):
Really, yeah, exactly why will wonders never see? Why are
we seeing.
Speaker 1 (04:15):
More people starting to stray away from some of these
dating apps.
Speaker 2 (04:18):
It's a great question, and you're absolutely right to say
that there seems to be a slowdown happening in the
dating app industry. Match Group, which is kind of one
of the biggest companies in this game. They own match
dot com, Hinge Tinder, which is the most popular dating
app of them all. They reported flat overall revenues for
twenty twenty four. In their most recent earnings report, paying
(04:39):
subscribers are down. Management of that company is predicting that
sales will continue to decline in twenty twenty five. The
story is much the same at Bumble, which is their
biggest competitor. And as for a reason, there's a couple
different reasons that we're looking at. A few research study
from a few years ago finds that people have not
been having good experiences on dating apps or data online.
(05:00):
If you are a person who dates online, that may
sound familiar to you. Almost half of all online daters
say that their experiences have been negative on the platforms.
This is particularly true for women. Negativity in this context
entails about fifty two percent of people saying that they've
encountered someone they thought was a scammer, fifty seven percent
of women say that online dating is unsafe, and eighty
(05:23):
five percent of people say that someone continued to talk
to them when they said that they didn't want to
talk anymore. So layoff, I think is the big takeaway
from that if the person says they're not interested and Mike.
Speaker 1 (05:35):
When it comes to this, are we going to see
technology leave the dating scene or is this just a
blip until we see a new app that maybe has
better protections or more safety when it comes to just
dating online.
Speaker 2 (05:47):
Right It's a good question. Right now, the technology factor
in our dating lives generally comes from facilitating the date itself,
not the meeting of two people. So a report released
by event bright, which is a popular sort of events platform,
last year, they found that attendance at in person singles
events rose to forty nine percent or rose forty nine
(06:08):
percent from the year prior. This is we're talking about
like sit down events, game based events, things like chess clubs,
trivia nights where you might run into somebody that you
you know, find a spark with the attendance that those
events are of four hundred percent. In addition, athletic based
singles events are gaining ground, rising one hundred and thirty
six percent. You know, things like run clubs. Anecdotally here
(06:31):
where I am in New York. It's very difficult to
walk around the city at certain times of the day
because you might be trampled by a run club of
singles trying to find love. That is all brought to us,
of course, by event Break, an online platform. So these
platforms still play a role. It's just a slightly different
role than they were playing up until now.
Speaker 1 (06:50):
ABC News Tech Reporter, it's Mike Debuski.
Speaker 2 (06:52):
Thanks Mike, of course, take care
Elon Musk's offer to buy open ai denied, joining us
live on the KWA Common Spirit Health Hotline to talk
more about it as ABC News Tech reporter, It's Mike Debusky. Mike,
thank you so much for your time, as always, walk
us through what Musk's offer was and how the CEO
ultimately reacted to it.
Speaker 2 (00:18):
Yeah. So, the Wall Street Journal was the first to
report that Elon Musk had put in a bid to
purchase open Ai. Open Ai, of course, the one of
the leading lights in the artificial intelligence space. They are
the creators of chat GPT popular chat bot, popular image
generator as well. They have a video generator. They're very
public facing and they are kind of they had a
(00:39):
Super Bowl commercial on Sunday. They are kind of the
big dog in the AI race right now, and Elon
Musk says that he'll buy it for about one hundred
billion dollars ninety seven point four billion dollar bid being
put in to buy open ais. Specifically their nonprofit arm
this company has a sort of weird structure. They are
(00:59):
not profit that under that has a for profit enterprise
and that's where you see the jat GPTs kind of live.
This is not just Elon Musk who's making this offer.
It is also includes venture capital firms like Valor Equity Partners,
Ari Emmanuel, who's this big Hollywood figure Pall and Teer
co founder John Lonsdale. So there are a number of
(01:21):
very prominent figures into Silicon Valley who now have an
eye on purchasing the leading artificial intelligence company in this country. However,
it does not seem that the lead of that company
wants to sell. Sam Altman, the founder and CEO of
open Ai, says that he doesn't want Elon Musk to
buy his company even for that huge number, though he
(01:42):
did say he is interested in buying Twitter, which of
course is owned by Elon Musk, for nine point seventy
four billion dollars, but one tenth of what Elon Musk
was offering.
Speaker 1 (01:51):
Mike, can you walk us through You mentioned a little
bit of this not for profit portion of open Ai,
which is fascinating to me. One thing I didn't know
ABOUTAI on time, the top of the fact that Musk
was part of this company before it eventually took off.
Speaker 2 (02:05):
Correct a co founder. As a matter of fact, back
in twenty fifteen, at a dinner Hymn and sam Altman
met and talked about spinning up this generative artificial intelligence
company that eventually became open ai. And the goal of
this nonprofit structure that they sort of set up was
to create AI for the good of all humanity. Right.
They thought that this structure was the way to make
(02:27):
AI that wasn't dangerous, but something that could genuinely help
people improve people's lives. Recently, we have seen, with the
emergence of this sort of for profit piece of open Ai,
the company kind of start to move away from that
goal a little bit. The rumor is, and the expectation
is that this year Sam Altman will take open ai
(02:48):
and make it into just a for profit enterprise, right,
get rid of the nonprofit piece of it, and just
have it be a normal company similar to Google or
Apple or anything else. Elon Musk, by putting in this
bid to make that happen to buy open Ai, is
certainly jacking up the price of that for Sam Altman.
(03:08):
So it's a bit of a poke in the eye there.
Even if Sam Altman says he's not going to sell it,
you know, the you know, maneuverings that need to happen
in order for them to make this into a for
profit company. Are now going to be a little bit
more expensive, if you know, some analysts are to be
believed that is kind of where we land right now.
Elon Musk, for what it's worth, they'd leave open ai
in twenty nineteen because he was concerned that Sam Altman
(03:31):
was straying too far away from that original nonprofit goal.
That's also why we saw in the sort of fall
winter time of twenty twenty three, I believe it was
there was a leadership struggle at open ai where Sam
Altmuon was briefly fired from the company that he co
founded and then kind of came back to it just
a few days later. Many people involved with that effort
(03:54):
to oust Sam Altman have since left the company.
Speaker 1 (03:57):
Mike and other tech news as well. Obviously, with Valentine's
Day around the corner, it sounds like more people are
actually moving away from the dating apps, and can you
believe it, people are actually attempting to talk in real life?
Speaker 2 (04:10):
Really, yeah, exactly why will wonders never see? Why are
we seeing.
Speaker 1 (04:15):
More people starting to stray away from some of these
dating apps.
Speaker 2 (04:18):
It's a great question, and you're absolutely right to say
that there seems to be a slowdown happening in the
dating app industry. Match Group, which is kind of one
of the biggest companies in this game. They own match
dot com, Hinge Tinder, which is the most popular dating
app of them all. They reported flat overall revenues for
twenty twenty four. In their most recent earnings report, paying
(04:39):
subscribers are down. Management of that company is predicting that
sales will continue to decline in twenty twenty five. The
story is much the same at Bumble, which is their
biggest competitor. And as for a reason, there's a couple
different reasons that we're looking at. A few research study
from a few years ago finds that people have not
been having good experiences on dating apps or data online.
(05:00):
If you are a person who dates online, that may
sound familiar to you. Almost half of all online daters
say that their experiences have been negative on the platforms.
This is particularly true for women. Negativity in this context
entails about fifty two percent of people saying that they've
encountered someone they thought was a scammer, fifty seven percent
of women say that online dating is unsafe, and eighty
(05:23):
five percent of people say that someone continued to talk
to them when they said that they didn't want to
talk anymore. So layoff, I think is the big takeaway
from that if the person says they're not interested and Mike.
Speaker 1 (05:35):
When it comes to this, are we going to see
technology leave the dating scene or is this just a
blip until we see a new app that maybe has
better protections or more safety when it comes to just
dating online.
Speaker 2 (05:47):
Right It's a good question. Right now, the technology factor
in our dating lives generally comes from facilitating the date itself,
not the meeting of two people. So a report released
by event bright, which is a popular sort of events platform,
last year, they found that attendance at in person singles
events rose to forty nine percent or rose forty nine
(06:08):
percent from the year prior. This is we're talking about
like sit down events, game based events, things like chess clubs,
trivia nights where you might run into somebody that you
you know, find a spark with the attendance that those
events are of four hundred percent. In addition, athletic based
singles events are gaining ground, rising one hundred and thirty
six percent. You know, things like run clubs. Anecdotally here
(06:31):
where I am in New York. It's very difficult to
walk around the city at certain times of the day
because you might be trampled by a run club of
singles trying to find love. That is all brought to us,
of course, by event Break, an online platform. So these
platforms still play a role. It's just a slightly different
role than they were playing up until now.
Speaker 1 (06:50):
ABC News Tech Reporter, it's Mike Debuski.
Speaker 2 (06:52):
Thanks Mike, of course, take care
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