Elon Musk’s firm has made a $97.4 billion offer to acquire OpenAI, a nonprofit that owns the artificial intelligence startup. This action exacerbates conflicts with Sam Altman, the CEO of OpenAI, who has indicated interest in purchasing Twitter for $9.74 billion. The deal makes it more difficult for OpenAI to become a for-profit company.
After a group of investors offered $97.4 billion for all of OpenAI’s assets, Elon Musk’s conflict with the business and its CEO, Sam Altman, has gotten worse. Musk’s unsolicited offer might make OpenAI’s reorganisation plans more difficult. The CEO and co-founder of OpenAI, Sam Altman, replied that he would not accept and offered to purchase X in its place. Altman’s X post reads, “no thank you but we will buy twitter for $9.74 billion if you want.”
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In 2022, Elon Musk paid $44 billion to acquire Twitter and renamed it X. He responded by calling the post “Swindler.”
The bid is supported by xAI and many investment firms, including Joe Lonsdale’s Palantir and Ari Emanuel’s Endeavor, with Joe Lonsdale co-founding Palantir and Ari Emanuel’s Endeavor’s CEO joining the team.
Elon Musk and Sam Altman co-founded OpenAI as a nonprofit organisation in 2015, but Musk quit before the firm became successful. In 2023, he launched xAI, an AI startup. OpenAI is now trying to become a for-profit organisation in order to raise funds for the development of the greatest AI models.
In August of last year, Elon Musk filed a lawsuit against Altman and other OpenAI founders, alleging that they had broken the terms of their contract by putting their own financial gain ahead of the general welfare when developing AI. Musk asked for a preliminary injunction in November to stop OpenAI from becoming a for-profit company. According to the lawsuit, Musk was first asked to establish a nonprofit organisation that focused on AI development, but the founders later put profit ahead of all else. Musk underlined that OpenAI must revert to its open-source, security-focused methodology.
Musk said, “At x.AI, we live by the values I was promised OpenAI would follow. We’ve made Grok open-source, and we respect the rights of content creators. It’s time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens.”
