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Elon Musk is making a power play for control of OpenAI, offering a staggering $97.4 billion to buy the nonprofit that governs the company behind ChatGPT.
The bid, submitted Monday by Musk's attorney Marc Toberoff, intensifies the long-simmering battle between Musk and OpenAI CEO Sam Altman over the future of artificial intelligence.
Musk argues that OpenAI has strayed too far from its original vision and is prioritizing corporate interests over AI safety. "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," he said. "We will make sure that happens."
His bid is backed by a group of investors, including xAI, Valor Equity Partners, Baron Capital, 8VC, and Hollywood executive Ari Emanuel. If successful, the deal could lead to OpenAI merging with Musk's xAI, positioning it as a direct competitor to Microsoft-backed AI ventures.
Meanwhile, Altman is pushing forward with his plan to convert OpenAI's for-profit subsidiary into an independent corporation. The company is currently in talks to raise up to $40 billion in funding, with a potential valuation as high as $300 billion. SoftBank is reportedly in discussions to be a major investor.
Musk has also taken legal action against OpenAI, accusing the company of abandoning its nonprofit mission and giving Microsoft too much influence. His legal team argues that the nonprofit's value is being understated in the transition and says they are prepared to outbid any competitor to ensure fair compensation.
With legal battles, massive funding rounds, and control of AI's future at stake, this fight is far from over. #Xtweep #pappynyne #elonmusk
Elon Musk is making a power play for control of OpenAI, offering a staggering $97.4 billion to buy the nonprofit that governs the company behind ChatGPT.
The bid, submitted Monday by Musk's attorney Marc Toberoff, intensifies the long-simmering battle between Musk and OpenAI CEO Sam Altman over the future of artificial intelligence.
Musk argues that OpenAI has strayed too far from its original vision and is prioritizing corporate interests over AI safety. "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," he said. "We will make sure that happens."
His bid is backed by a group of investors, including xAI, Valor Equity Partners, Baron Capital, 8VC, and Hollywood executive Ari Emanuel. If successful, the deal could lead to OpenAI merging with Musk's xAI, positioning it as a direct competitor to Microsoft-backed AI ventures.
Meanwhile, Altman is pushing forward with his plan to convert OpenAI's for-profit subsidiary into an independent corporation. The company is currently in talks to raise up to $40 billion in funding, with a potential valuation as high as $300 billion. SoftBank is reportedly in discussions to be a major investor.
Musk has also taken legal action against OpenAI, accusing the company of abandoning its nonprofit mission and giving Microsoft too much influence. His legal team argues that the nonprofit's value is being understated in the transition and says they are prepared to outbid any competitor to ensure fair compensation.
With legal battles, massive funding rounds, and control of AI's future at stake, this fight is far from over. #Xtweep #pappynyne #elonmusk
Just In :
Elon Musk is making a power play for control of OpenAI, offering a staggering $97.4 billion to buy the nonprofit that governs the company behind ChatGPT.
The bid, submitted Monday by Musk's attorney Marc Toberoff, intensifies the long-simmering battle between Musk and OpenAI CEO Sam Altman over the future of artificial intelligence.
Musk argues that OpenAI has strayed too far from its original vision and is prioritizing corporate interests over AI safety. "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," he said. "We will make sure that happens."
His bid is backed by a group of investors, including xAI, Valor Equity Partners, Baron Capital, 8VC, and Hollywood executive Ari Emanuel. If successful, the deal could lead to OpenAI merging with Musk's xAI, positioning it as a direct competitor to Microsoft-backed AI ventures.
Meanwhile, Altman is pushing forward with his plan to convert OpenAI's for-profit subsidiary into an independent corporation. The company is currently in talks to raise up to $40 billion in funding, with a potential valuation as high as $300 billion. SoftBank is reportedly in discussions to be a major investor.
Musk has also taken legal action against OpenAI, accusing the company of abandoning its nonprofit mission and giving Microsoft too much influence. His legal team argues that the nonprofit's value is being understated in the transition and says they are prepared to outbid any competitor to ensure fair compensation.
With legal battles, massive funding rounds, and control of AI's future at stake, this fight is far from over. #Xtweep #pappynyne #elonmusk
