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Elon Musk’s $97.4 Billion Bid for OpenAI Rejected by CEO Sam Altman
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2 years ago

Elon Musk’s $97.4 Billion Bid for OpenAI Rejected by CEO Sam Altman

Global

News Summary

Elon Musk has made a bold move to take control of OpenAI with a $97.4 billion bid, a proposal that has been swiftly dismissed by OpenAI CEO Sam Altman. Originally co-founders of OpenAI, Musk and Altman are now at odds, with Musk criticizing the company’s shift from its nonprofit roots after it partnered with Microsoft. Musk, who left OpenAI in 2018 and now leads his own AI venture, xAI, has accused OpenAI of prioritizing profits over its original mission. In response, Altman, who is advancing ambitious projects like the $500 billion Stargate initiative, has rejected Musk’s bid and even humorously offered to buy Twitter for $9.74 billion. This clash underscores the tension between the two tech moguls, with Musk’s offer backed by investors like Valor Equity Partners and Palantir co-founder Joe Lonsdale, potentially altering OpenAI’s future if accepted.

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Altman Fires Back at Musk’s $97.4 Billion OpenAI Takeover Bid • iPhone in Canada Blog

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