Open AI Chief Sam Altman Rejects $97.4 Billion Offer From Elon Musk, Ari Emanuel and Other Investors for Control of AI Giant

Full Article
Open AI Chief Sam Altman Rejects $97.4 Billion Offer From Elon Musk, Ari Emanuel and Other Investors for Control of AI Giant

OpenAI CEO Sam Altman publicly rejected a staggering $97.4 billion offer from Elon Musk and other investors for control of the AI company. The offer, reported by the Wall Street Journal, sparked a heated exchange on social media, highlighting the ongoing feud between Altman and Musk. Altman's response included a cheeky proposal to buy Twitter for $9.74 billion instead, showcasing the tension between their competing visions for AI development.

The rejected bid aims to establish a valuation floor for OpenAI's assets, particularly its flagship product, ChatGPT. Musk's interest in merging OpenAI with his x.AI venture reflects a desire to return to the open-source principles that initially guided OpenAI's creation. This situation underscores the complexities of transitioning from a nonprofit to a for-profit model in the rapidly evolving AI landscape.

• Altman rejects Musk's $97.4 billion offer for OpenAI control.

• Musk proposes merging OpenAI with his x.AI venture.

Key AI Terms Mentioned in this Article

OpenAI

OpenAI is an AI research organization focused on developing and promoting friendly AI technologies.

ChatGPT

ChatGPT is a conversational AI model developed by OpenAI, known for its advanced natural language processing capabilities.

x.AI

AI is a venture initiated by Elon Musk aimed at developing AI technologies with an open-source ethos.

Companies Mentioned in this Article

OpenAI

OpenAI is central to the article as it navigates a potential shift from nonprofit to for-profit status.

Tesla

Tesla, owned by Musk, is mentioned in the context of Musk's influence and wealth in the AI sector.

Get Email Alerts for AI News

By creating an email alert, you agree to AIleap's Terms of Service and Privacy Policy. You can pause or unsubscribe from email alerts at any time.

Latest Articles

Alphabet's AI drug discovery platform Isomorphic Labs raises $600M from Thrive
TechCrunch 1month

Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600

AI In Education - Up-level Your Teaching With AI By Cloning Yourself
Forbes 1month

How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.

Trump's Third Term - How AI Can Help To Overthrow The US Government
Forbes 1month

Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.

Sam Altman Says OpenAI Will Release an 'Open Weight' AI Model This Summer
Wired 1month

Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.

Popular Topics