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Alana Loftus@Daily Express US :: Feed
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An investment group spearheaded by Elon Musk has made an unsolicited bid of $97.4 billion to acquire the nonprofit organization that oversees OpenAI, the company behind ChatGPT. This move marks a significant escalation in the ongoing feud between Musk and OpenAI CEO Sam Altman, who co-founded the company in 2015. The offer, reported by the Wall Street Journal, was delivered to OpenAI's board of directors by Musk's attorney, Marc Toberoff.
Musk, who departed from OpenAI in 2019, has expressed concerns about the company's shift from its original nonprofit structure to a for-profit model. He has accused OpenAI of abandoning its initial mission to act as a charity focused on openness and safety in AI development. In response to Musk's bid, Altman issued a counteroffer on X, suggesting OpenAI would buy Twitter for $9.74 billion. Musk's bid is backed by his AI startup xAI and aims to return OpenAI to its earlier open-source principles, according to a statement from Musk.
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Musk, who departed from OpenAI in 2019, has expressed concerns about the company's shift from its original nonprofit structure to a for-profit model. He has accused OpenAI of abandoning its initial mission to act as a charity focused on openness and safety in AI development. In response to Musk's bid, Altman issued a counteroffer on X, suggesting OpenAI would buy Twitter for $9.74 billion. Musk's bid is backed by his AI startup xAI and aims to return OpenAI to its earlier open-source principles, according to a statement from Musk.
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References :
- GZERO Media: Elon Musk wants to buy OpenAI
- www.verdict.co.uk: Altman rejects Musk’s $97bn OpenAI offer with counterproposal
- www.ghacks.net: Elon Musk's $97.4 Billion Bid to Acquire OpenAI Rejected by CEO Sam Altman
- Daily Express US :: Feed: Provides more data on Elion make major move.