Elon Musk, along with a group of investors, has put forth a bid of $97.4 billion to acquire control of OpenAI, a nonprofit overseeing an artificial intelligence startup. Musk’s attorney submitted the offer, stating a desire for OpenAI to return to being an open-source and safety-focused entity. However, the CEO of OpenAI, Sam Altman, responded by rejecting the offer and suggesting that they would rather buy Twitter for $9.74 billion. This led to a public spat between Musk and Altman, with Musk calling Altman a “swindler” and accusing him of being involved in scams.
OpenAI has seen success in the AI market, with investments from giants like SoftBank and Oracle. Musk, now facing competition in the AI space from a startup called xAI, is suing OpenAI for antitrust violations. The lawsuit aims to prevent OpenAI from converting into a for-profit corporation.
Musk’s bid for OpenAI is supported by xAI and other investors, with plans to potentially merge the two entities. The offer has sparked interest from various parties, with a request made to open bidding for OpenAI to the attorneys general of California and Delaware. Despite the legal battles and public disputes, it is clear that the AI market is highly competitive, with significant investments being made in the pursuit of next-generation AI products and services.
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