Elon Musk has made a $97.4 billion offer to acquire OpenAI, the nonprofit organization behind the popular AI chatbot ChatGPT. This move comes months after Musk sued OpenAI to prevent its transition to a for-profit company, escalating tensions with OpenAI CEO Sam Altman. Musk's offer, backed by his own AI company xAI, aims to return OpenAI to its original mission of open-source, safety-focused AI development. The bid faces significant financial hurdles and awaits responses from OpenAI, Altman, and Microsoft, a major OpenAI backer.
Elon Musk , chief executive officer of Tesla Inc., during the 60th presidential inauguration in the rotunda of the US Capitol in Washington, DC, on Monday, Jan. 20, 2025. A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, months after the billionaire sued the artificial intelligence startup to block it from transitioning to a for-profit firm.
OpenAI, Musk, Musk’s attorney Marc Toberoff and OpenAI backer Microsoft did not immediately respond to Reuters' requests for comment. OpenAI was valued at $157 billion in its latest funding round in October, cementing its status as one of the most valuable private companies in the world. SoftBank Group 9984.T is in talks to lead a funding round of up to $40 billion in OpenAI at a valuation of $300 billion, including the new funds, Reuters reported in January.
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