A group of investors led by Elon Musk made an unsolicited $97.4 billion bid to take control of OpenAI – adding new intrigue to the billionaire’s legal war with the ChatGPT maker and its CEO Sam Altman.
Musk’s stunning offer to buy the pioneering startup as it attempts to transition to a for-profit firm includes financing from prominent venture firms such as Joe Lonsdale’s 8VC, Valor Equity Partners, Baron Capital, Atreides Management and Vy Capital, and Endeavor CEO Ari Emanuel, the Wall Street Journal reported.
The bid also is being backed by Musk’s AI company xAI, which could merge with OpenAI following a deal, the outlet reported.
“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement. “We will make sure that happens.”
Minutes after Musk’s team went public with the offer, Altman shot it down — and appeared to poke fun at the $44 billion price that Musk paid to buy X, formerly known as Twitter.
#elonmusk
#openai
#samaltman
Musk’s stunning offer to buy the pioneering startup as it attempts to transition to a for-profit firm includes financing from prominent venture firms such as Joe Lonsdale’s 8VC, Valor Equity Partners, Baron Capital, Atreides Management and Vy Capital, and Endeavor CEO Ari Emanuel, the Wall Street Journal reported.
The bid also is being backed by Musk’s AI company xAI, which could merge with OpenAI following a deal, the outlet reported.
“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement. “We will make sure that happens.”
Minutes after Musk’s team went public with the offer, Altman shot it down — and appeared to poke fun at the $44 billion price that Musk paid to buy X, formerly known as Twitter.
#elonmusk
#openai
#samaltman
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