Elon Musk\u00a0is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, The Wall Street Journal\u00a0reported on Monday.<\/p>\n
The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk\u2019s attorney, Marc Toberoff, said he submitted the offer on Monday.<\/p>\n
The WSJ cited a statement from Musk provided by Toberoff, saying, \u201cIt\u2019s time for OpenAI to return to the open-source, safety-focused force for good it once was.\u201d<\/p>\n
In a\u00a0post on X, OpenAI CEO Sam Altman wrote, \u201cno thank you but we will buy twitter for $9.74 billion if you want.\u201d Musk then replied to the OpenAI chief on X calling him a \u201cswindler,\u201d and in a reply to a different user, called him \u201cScam Altman.\u201d<\/p>\n
Musk, who is a top adviser to\u00a0President Donald Trump, is in the midst of a heated legal and public relations battle with Altman. They were two of the co-founders of OpenAI in 2015, establishing the entity as a nonprofit focused on AI research.<\/p>\n
OpenAI has since emerged as a giant in generative AI, launching ChatGPT in 2022 and setting off a wave of investment in new tools and infrastructure for next-generation AI products and services.\u00a0SoftBank\u00a0is\u00a0close to finalizing\u00a0a $40 billion investment in OpenAI at a $260 billion valuation, sources told CNBC\u2019s David Faber last week.<\/p>\n
Musk now has a competitor in the AI market, a startup called xAI, and is\u00a0suing OpenAI, accusing it of antitrust violations and to try and keep it from converting into a for-profit corporation.<\/p>\n
Meanwhile, OpenAI partnered with SoftBank and Oracle in a project announced by Trump right after his inauguration called Stargate, which calls on the companies to invest billions of dollars in AI infrastructure in the U.S.<\/p>\n
Musk\u2019s offer is backed by xAI, which the Journal reports could merge with OpenAI if a deal were to occur. Other investors in the bid include Valor Equity Partners, Baron Capital, 8VC and Ari Emanuel\u2019s investment fund, the paper reported.<\/p>\n
Toberoff sent a letter to the attorneys general in California and Delaware on Jan. 7, asking that bidding be opened up for OpenAI.<\/p>\n<\/p>\n
Elon Musk\u00a0is leading a group of investors in offering to buy control of OpenAI for…<\/p>\n","protected":false},"author":0,"featured_media":6691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/posts\/6690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/comments?post=6690"}],"version-history":[{"count":0,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/posts\/6690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/media\/6691"}],"wp:attachment":[{"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/media?parent=6690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/categories?post=6690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradetrovex.com\/index.php\/wp-json\/wp\/v2\/tags?post=6690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}