Elon Musk-led-team submits $97.4B bid for OpenAI
- A consortium of investors led by Elon Musk has made a $97.4 billion bid to take over OpenAI, the creator of ChatGPT.
- Musk and OpenAI Chief Executive Sam Altman have a contentious relationship since Musk left the company in 2018.
- Musk claims that OpenAI has strayed from its original mission of developing AI for humanity's benefit.
- In response to the bid, Altman stated on X, 'No thank you but we will buy Twitter for $9.74 billion if you want.
507 Articles
507 Articles
New York.- Elon Musk's offer by OpenAI and his divisive political image pose new risks to Tesla's costly shares, The Wall Street Journal said. In the eyes of Tesla's shareholders, Elon Musk did not need another distraction and OpenAI could be costly, the Journal said. The multitasking executive director of the electric vehicle manufacturer leads a consortium that offers 97.4 billion dollars for the non-profit entity that controls the OpenAI busi…
Altman dismisses Musk's OpenAI takeover bid
OpenAI CEO Sam Altman has dismissed a US$97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for-profit company. "We are not for sale,” Altman said on Tuesday at an artificial intelligence summit in Paris. Musk’s bid, announced on Monday, is the latest in a bitter years-long battle with Altman over control of the AI startup they both helped found a de…
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