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Elon Musk’s $97.4 Billion Bid To Acquire OpenAI

Elon Musk: Elon Musk, co-founder of OpenAI, has led a consortium of investors in making an unsolicited $97.4 billion bid to acquire the nonprofit organization that controls OpenAI.

This move intensifies the ongoing dispute between Musk and OpenAI’s CEO, Sam Altman, over the company’s direction.

Elon Musk $97.4 Billion Bid

Elon Musk

Elon Musk, Musk’s offer aims to revert OpenAI to its original mission of developing artificial intelligence safely and transparently. He has been critical of OpenAI’s transition from a nonprofit to a for-profit entity, expressing concerns that it deviates from the organization’s foundational goals.

In response to Musk’s bid, Altman swiftly rejected the offer and humorously proposed to purchase Twitter, owned by Musk, for $9.74 billion. This exchange highlights the escalating tensions between the two tech leaders.

This development adds complexity to OpenAI’s planned conversion to a for-profit public benefit corporation, introducing uncertainty about its future control and direction.

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