Musk’s $97.4 Billion Bid to Take Over OpenAI
Elon Musk, leading a consortium including his AI venture xAI and investors like Baron Capital Group and Emanuel Capital, has made an unsolicited $97.4 billion bid to acquire the nonprofit entity controlling OpenAI. Musk aims to revert OpenAI to its original nonprofit mission, expressing concerns over its shift towards a for-profit model. OpenAI CEO Sam Altman promptly dismissed the offer, suggesting humorously on X (formerly Twitter) that they could purchase Twitter for $9.74 billion instead, referencing Musk's 2022 acquisition of the platform.
This move intensifies the ongoing dispute between Musk and Altman, who co-founded OpenAI in 2015. Musk departed from the company in 2018 due to strategic disagreements and subsequently established xAI in 2023. He has since criticized OpenAI's...