"Swindler" - Musk leads blockbuster bid to buy OpenAI for $97.4bn, but Sam Altman hits back with own bid for X

Date:
Tue, 11 Feb 2025 12:15:00 +0000

Description:
Elon Musk has criticized OpenAIs plans to go for-profit, offering up $97.4 billion to buy the AI giant.

FULL STORY ======================================================================
- Elon Musk and other investors offer to buy OpenAI for $97.4 billion
- OpenAI CEO Sam Altman hits back with $9.74 billion X valuation
- Others have criticized OpenAIs plans

A group of investors led by Elon Musk has offered $97.4 billion to buy
OpenAIs nonprofit arm - but OpenAI CEO Sam Altman to hit back with a
sarcastic bid offer to buy X.

Musks lawyer, Mac Toberoff, confirmed he submitted the bid to OpenAIs board yesterday (via Wall Street Journal ), further complicating the relationship between Musk and Altman.

The pressure adds to the already ongoing battle between the two, with Musk accusing OpenAI of betraying its nonprofit mission and partnering up with Microsoft.

Musk offers to buy OpenAI

Altman has set out plans to convert the business into a for-profit operation while splitting a $500 billion investment with the likes of Oracle and
Softbank to improve AI infrastructure something that Musk says neither
OpenAI or Project Stargates backers can afford to do.

Meta has also complained, in the form of a letter to Californias attorney general, about the for-profit business plans.

Its time for OpenAI to return to the open-source, safety-focused force for
good it once was, Musk said in a statement provided by Toberoff.

Altman hastened to share with colleagues on an internal Slack channel: Our structure ensures that no individual can take control of OpenAIThese are tactics to try and weaken us because we are making great progress.

The OpenAI CEO also took to X, the Musk-owned social media platform, to post
: no thank you but we will buy twitter for $9.74 billion if you want. Must replied with Swindler, and called his rival Scam Altman in another post .

Its yet to be observed how the negotiations play out, but a possible
OpenAI-xAI merger could be on the cards if the bid succeeds an event that Altman deems highly unlikely.

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Link to news story: https://www.techradar.com/pro/swindler-musk-leads-blockbuster-bid-to-buy-opena i-for-usd97-4bn-but-sam-altman-hits-back-with-own-bid-for-x

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