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Consortium Led by Musk Acquires OpenAI for $97.4 Billion
Elon Musk, leading a consortium of investors, has made a $97.4 billion bid to acquire the nonprofit organization that controls OpenAI, the developer of ChatGPT. Musk’s proposal aims to revert OpenAI to its original nonprofit status, emphasizing open-source research and public benefit.
OpenAI’s CEO, Sam Altman, promptly rejected the offer, humorously suggesting instead to purchase Musk’s social media platform, X (formerly Twitter), for $9.74 billion. Altman’s response underscores the ongoing tension between the two tech leaders, who co-founded OpenAI together before Musk’s departure in 2018.
This bid is part of Musk’s broader effort to regain influence over OpenAI and steer it back to its original mission as a nonprofit research lab focused on public benefit. Musk has previously expressed concerns about OpenAI’s transition to a for-profit model and has taken legal action to prevent this shift.
The offer has sparked discussions about the future direction of OpenAI and the broader implications for the AI industry. Some experts view Musk’s bid as a strategic move to influence the development of artificial intelligence, while others see it as part of his ongoing legal battles with OpenAI.