Elon Musk and a group of investors have offered over $97 billion to acquire OpenAI’s nonprofit parent, escalating his battle with CEO Sam Altman over the company’s future. Musk’s attorney submitted the bid Monday, arguing that OpenAI should return to its original open-source mission. Altman dismissed the offer, responding on X with a mock counteroffer to buy Twitter for $9.74 billion. Musk’s attorney urged attorneys general in California and Delaware to open bidding for OpenAI, arguing the nonprofit may be undervalued in its transition to a for-profit entity. OpenAI dismissed Musk’s legal claims as unfounded.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk and a group of investors have offered over $97 billion to acquire OpenAI's non-profit
00:08parent, escalating his battle with CEO Sam Altman over the company's future.
00:12Musk's attorney submitted the bid Monday, arguing OpenAI should return to its original
00:16open-source mission. Altman dismissed the offer, responding on X with a mock counteroffer to buy
00:21Twitter for $9 billion. Musk's attorney urged attorney generals in California and Delaware
00:27to open bidding for OpenAI, arguing that non-profit may be undervalued in its transition
00:33for a profit entity. OpenAI dismissed Musk's legal claims as unfounded.