Sam Altman Rejects Elon Musk’s $97.4B Offer to Buy OpenAI
OpenAI CEO Sam Altman has rejected Elon Musk’s $97.4 billion bid to accumulate the ChatGPT maker. Reuters reported that Musk and a gaggle of buyers, together with xAI, Baron Capital, Vy Capital, and 8VC, made the provide on Feb. 10.
Altman rapidly responded on X, saying, “No thanks however we are going to purchase Twitter for $9.74 billion if you need.” Musk initially purchased Twitter, now X, for $44 billion in 2022.
Musk fired again by sharing a video of Altman’s 2023 testimony earlier than Congress, captioning it “Rip-off Altman.” The 2 have been at odds over OpenAI’s route, with Musk advocating for open-source AI whereas Altman focuses on industrial growth.
Musk beforehand sued OpenAI and Altman, claiming they broke their nonprofit guarantees. Although he dropped the case after OpenAI launched emails suggesting Musk knew a for-profit mannequin was essential, he stays decided to revive OpenAI’s authentic mission.
“If OpenAI desires to go totally for-profit, it should pretty compensate the charity for what it’s taking,” mentioned Musk’s lawyer, Marc Toberoff.
OpenAI, valued at $157 billion final yr, has secured main investments, together with a reported $40 billion cope with SoftBank. The agency additionally performs a job within the $500 billion “Stargate” AI challenge introduced by Donald Trump.
Musk’s investor group stays prepared to lift their provide, signaling an ongoing battle for OpenAI’s future.
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