Elon Musk's $97 Billion Bid for OpenAI Sparks Fierce Clash with Sam Altman
100 Sources
[1]
Elon Musk and Sam Altman are fighting about OpenAI again. Here's what they've said
Sam Altman and Elon Musk are trading barbs about OpenAI again -- this time after Musk's reported offer to buy the artificial intelligence startup's assets for $97.4 billion. On Monday, Musk's lawyer, Marc Toberoff, submitted a bid to OpenAI's board of directors for all of its assets, the Wall
[2]
OpenAI's Sam Altman Mocks Elon Musk's Unsolicited $97.4 Billion Takeover Bid, Claims That Musk's 'Whole Life' Is Shaped By 'Insecurity'
The years-long battle between the two tech personalities is heating up. A billionaire tech battle is heating up as the chief executive of OpenAI, Sam Altman, brushes off Elon Musk's unsolicited bid to buy his artificial intelligence company and suggests that Mr. Musk lives his whole life "from a
[3]
How Elon Musk $97.4 billion bid complicates matters for OpenAI
PARIS (AP) -- OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for-profit company. "We are not for sale," Altman said Tuesday at an artificial intelligence
[4]
Musk's Bid to Control OpenAI Complicates For-Profit Transition
A decade ago, Sam Altman, Elon Musk and a group of other founders launched OpenAI as a nonprofit with a mission to build artificial intelligence that benefits humanity. Now, Altman and OpenAI are pushing to restructure as a more conventional for-profit business -- and Musk is using every tool at
[5]
Elon Musk vs. Sam Altman: Billion-dollar feud, OpenAI takeover drama, and the future of AI power struggles
Sam Altman and Elon Musk's feud has taken a dramatic turn with Musk's $97.4 billion bid to acquire OpenAI's nonprofit arm. Altman rejected the offer, mocking Musk with a counteroffer to buy Twitter for $9.74 billion. The rivalry, rooted in OpenAI's transformation and Musk's departure, now involves
[6]
Musk v Altman: The battle to become king of AI
Elon Musk's bid to buy OpenAI for $97.4bn (£78.7bn) came unsolicited on Monday night and was quickly rejected by his former friend and OpenAI chief executive Sam Altman. It's the latest in a long-running spat between the former tech buddies. Back in 2015, Mr Musk and Mr Altman founded OpenAI
[7]
Why Elon Musk's $97 billion bid for OpenAI could disrupt Sam Altman's plans
OpenAI LLC, the for-profit artificial intelligence corporation seeking $40 billion in financing, will likely have a harder time raising money after Elon Musk, owner of xAI, offered on Monday to buy OpenAI Inc., the non-profit that owns OpenAI LLC. Musk's bid of $97.4 billion offer was first
[8]
Sam Altman calls out Elon Musk's 'insecurity' after hostile OpenAI...
Sam Altman said Tuesday that Elon Musk's "insecurity" was a factor in his decision to make a hostile $97.4 billion bid to take control of OpenAI, escalating an ugly war of words between the rival tech billionaires. Altman reiterated that OpenAI is "not for sale" after the unsolicited offer from a
[9]
A Musk-backed group just offered a $97 billion unsolicited bid for OpenAI
In what is becoming an increasingly tiresome and petty personal spat between a pair of tech billionaires, the Wall Street Journal reports Monday that a consortium backed by xAI CEO Elon Musk has made an unsolicited, $97.4 billion bid for control over rival OpenAI. This offer comes mere months after
[10]
Altman responds after Musk-led group makes $155.3 billion bid for OpenAI
A group of investors led by Elon Musk made an unsolicited $97.4 billion (AUD$155.3 billion) bid to take control of OpenAI - adding new intrigue to the billionaire's legal war with the ChatGPT maker and its CEO Sam Altman. Musk's stunning offer to buy the pioneering startup as it attempts to
[11]
How Elon Musk $97.4 Billion Bid Complicates Matters for OpenAI
PARIS (AP) -- OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for-profit company. "We are not for sale," Altman said Tuesday at an artificial intelligence
[12]
Elon Musk reportedly bidding $97.4 billion on OpenAI
As OpenAI attempts to become a for-profit venture, Elon Musk appears to be a throwing a wrench into the works. A report from The Wall Street Journal revealed today that Musk, alongside a number of investors, is offering nearly $100 billion to buy the nonprofit that controls OpenAI. The investor
[13]
Elon Musk kicks off $97.4 billion effort to buy OpenAI by immediately starting social media beef with Sam Altman
A group of investors led by Musk want to assume control over OpenAI. A Wall Street Journal report says a group of investors led by X owner Elon Musk has made an offer to buy the non-profit organization that controls OpenAI for $97.4 billion. Musk said in a statement that the offer was made in
[14]
Elon Musk-led group makes shock $97.4B bid for OpenAI -- but Sam...
A group of investors led by Elon Musk made an unsolicited $97.4 billion bid to take control of OpenAI - adding new intrigue to the billionaire's legal war with the ChatGPT maker and its CEO Sam Altman. Musk's stunning offer to buy the pioneering startup as it attempts to transition to a for-profit
[15]
Elon Musk heads group trying to buy control of OpenAI: Report
Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday. Musk attorney Marc Toberoff said he submitted the bid to OpenAI's board of directors, according to
[16]
Sam Altman Says He Feels Sorry for Elon Musk and His Bottomless Insecurity
On Monday, the Wall Street Journal reported that multi-hyphenate billionaire Elon Musk was leading a massive $97.4 billion bid to take over the nonprofit that controls ChatGPT maker OpenAI. It didn't take long for OpenAI CEO Sam Altman, who runs the company's for-profit arm and sits on the board
[17]
Elon Musk-led group makes surprise bid of nearly $100bn for OpenAI
Sam Altman, OpenAI's CEO and co-founder, responded that he would not accept and offered to buy X instead Elon Musk escalated his feud with OpenAI and its CEO Sam Altman on Monday. The billionaire is leading a consortium of investors that announced it had submitted a bid of $97.4bn for "all assets"
[18]
How Musk's $97.4B bid could gum up OpenAI's for-profit conversion | TechCrunch
On Monday, Elon Musk, the world's richest man, offered to buy the nonprofit that effectively governs OpenAI for $97.4 billion. The unsolicited buyout would be financed by Musk's AI company, xAI, and a consortium of outside investors, per a letter sent to California and Delaware's attorneys
[19]
'I Don't Think He's a Happy Person': Sam Altman Turns Down Elon Musk's Offer to Buy OpenAI as the Billionaires Exchange Personal Jabs on X
OpenAI CEO Sam Altman rejected the bid, saying that Musk is trying to slow down OpenAI's product development. OpenAI CEO Sam Altman, 39, made it clear on Tuesday that OpenAI was not for sale following a surprise $97.4 billion offer from Elon Musk on Monday for the company's operating
[20]
OpenAI's Altman appears to reject Musk's $97.4B bid for control
OpenAI CEO Sam Altman has seemingly knocked back Elon Musk's $97.4 billion bid to buy out the ChatGPT maker. The Wall Street Journal reported that a Musk-led group of investors submitted a $97.4 billion bid to OpenAI's board of directors to buy the nonprofit on Feb. 10. Altman responded in a Feb.
[21]
Musk-led group makes $97.4 billion bid for control of OpenAI
A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm. Musk's bid is likely to ratchet up longstanding
[22]
Elon Musk Makes Huge Bid to Seize Control of OpenAI
Billionaire and White House advisor Elon Musk is leading a gigantic $97.4 billion bid to buy the nonprofit that controls OpenAI, the Wall Street Journal reports. Musk's lawyer, Marc Toberoff, delivered the unsolicited offer to the ChatGPT maker's board of directors today, signaling a dramatic
[23]
Sam Altman shuts down Elon Musk's $97B bid: OpenAI "is not for sale"
OpenAI CEO Sam Altman has rejected Elon Musk's $97.4 billion takeover bid for OpenAI, complicating Altman's efforts to transition the organization into a for-profit entity. "We are not for sale," Altman stated during an AI summit in Paris on Tuesday. Musk's bid, announced Monday, represents the
[24]
After Elon Musk Bid, Sam Altman Says OpenAI Is 'Not for Sale'
Sam Altman is pushing back on an unsolicited bid made by Elon Musk and a group of investors to buy the nonprofit that controls OpenAI. The $97.4 billion bid, made by Musk's AI company, xAI, and backed by several investment firms, deepens the ongoing battle between Musk and Altman over OpenAI, which
[25]
ET Explainer: Elon Musk-led group offers $97.4 billion to buy Open AI
Elon Musk, along with a coalition of investment firms, is committed to taking control of OpenAI and reinstating its non-profit status, according to Musk's attorney, Marc Toberoff. OpenAI CEO Sam Altman took to Musk's social media platform, X, rejecting the proposed acquisition, and jokingly said,
[26]
Elon Musk Leads Bid To Control OpenAI For $97.4 Billion, Altman Says 'No Thank You'
Elon Musk and a group of investors offered more than $97 billion to buy the nonprofit that controls the artificial intelligence giant OpenAI, the company behind ChatGPT, on Monday. The bid, first reported by The Wall Street Journal, escalates a long-standing feud between Musk and OpenAI CEO Sam
[27]
Musk-led group makes $97.4 billion bid for control of OpenAI
A consortium led by Elon Musk said Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm. Musk's bid is likely to ratchet up longstanding tensions
[28]
AI feud: How Musk and Altman's partnership turned toxic
The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman's OpenAI in an apparent attempt to derail the ChatGPT maker's ascent to becoming one of the world's most important companies. Musk and Altman were
[29]
Elon Musk Enlists Ari Emanuel Among Investors In Bid to Take Over OpenAI and Court Hollywood
The Sam Altman-led AI company already shot down the initial $97 billion-plus offer. OpenAI CEO Sam Altman shot down Elon Musk's reported offer to buy the company behind ChatGPT, escalating a battle with the X owner over the AI firm's for-profit pivot that could shape Hollywood's adoption of the
[30]
OpenAI chief: Musk purchase offer an effort to 'slow us down'
OpenAI CEO and co-founder Sam Altman brushed aside Elon Musk's bid to take control of the ChatGPT maker, calling it an effort to "slow us down." "OpenAI is not for sale," Altman told Bloomberg's "The Pulse" on Tuesday. "Elon tries all sorts of things for a long time. This is the late...this week's
[31]
Altman Says OpenAI Is 'Not for Sale' After Musk's Offer
(Bloomberg) -- OpenAI Chief Executive Officer Sam Altman said the company is "not for sale" and Elon Musk is probably trying to delay its progress with an unsolicited bid for the artificial intelligence pioneer. "I think he is probably just trying to slow us down. He obviously is a competitor,"
[32]
Elon Musk wants to buy OpenAI for $97.4 bn, Sam Altman says 'No'
Altman's statement not only rejected the bid but also mocked Musk by referencing X's old name. Elon Musk has made a bold move to take control of OpenAI, the company behind ChatGPT. A group of investors led by Musk has offered $97.4 billion to buy the nonprofit that controls OpenAI. This bid
[33]
Elon Musk's $97.4 Billion ChatGPT Bid : Will He Take Over OpenAI?
Elon Musk has once again drawn global attention with a bold $97.4 billion offer to acquire OpenAI, the artificial intelligence organization he co-founded in 2015. This unsolicited bid comes at a time of growing tensions between Musk and OpenAI's leadership, particularly its CEO, Sam Altman. The
[34]
Sam Altman Rejects $97 Billion OpenAI Bid and Blasts Musk's 'Insecurity' | PYMNTS.com
OpenAI's CEO has once again refused Elon Musk's offer to take over his company. Speaking to Bloomberg News Tuesday (Feb. 11), Sam Altman said Musk only made that $97.4 billion bid to garner a competitive edge. "I think he is probably just trying to slow us down. He obviously is a competitor,"
[35]
Sam Altman Says 'No Thank You' to Elon Musk Attempt to Buy OpenAI
A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and
[36]
Musk-led group makes $97.4 bil. bid for control of OpenAI
OpenAI logo is seen in this photo, Feb. 8. Reuters-Yonhap A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit
[37]
Sam Altman tells OpenAI staff that board hasn't 'seen anything official from Elon'
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. OpenAI CEO Sam Altman told employees in a memo on Tuesday that the company hasn't received "anything official" from Elon
[38]
Elon Musk-led group makes $97.4 billion bid for OpenAI, CEO refuses and offers to "buy Twitter for $9.74 billion"
Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. What just happened? Elon Musk has led a team of investors in making an unsolicited $97.4 billion bid to acquire OpenAI. The move is the latest escalation of Musk's war with OpenAI CEO Sam Altman,
[39]
Musk's $97B Bid to Buy Altman's OpenAI Shakes AI World
OpenAI CEO Sam Altman outright rejected the proposal. He responded on Musk-owned X (formerly Twitter) with a sarcastic counteroffer, "No thank you but we will buy Twitter for US$9.74 billion if you want." To this, Elon Musk sarcastically replied: Musk has been at odds with OpenAI for years. He
[40]
"Swindler" - Musk leads blockbuster bid to buy OpenAI for $97.4bn, but Sam Altman hits back with own bid for X
A group of investors led by Elon Musk has offered $97.4 billion to buy OpenAI's nonprofit arm - but OpenAI CEO Sam Altman to hit back with a sarcastic bid offer to buy X. Musk's lawyer, Mac Toberoff, confirmed he submitted the bid to OpenAI's board yesterday (via Wall Street Journal), further
[41]
Elon Musk Offered to Buy OpenAI For an Absurd Amount of Money
After buying Twitter and taking a chief role in the Trump administration, the world's richest man now has his sights set on a new target: tech industry darling OpenAI. In a move first reported on by The Wall Street Journal, Elon Musk apparently delivered a $97.4 billion bid to buy the nonprofit
[42]
Sam Altman says 'no thank you' to Musk-led group's bid for control of OpenAI
OpenAI CEO and co-founder Sam Altman appeared to shut down a reported offer from an investor group led by Elon Musk to buy the nonprofit that controls OpenAI, marking the latest back-and-forth between the two tech leaders. "[N]o thank you but we will buy twitter for $9.74 billion if you want,"
[43]
Elon Musk Offers to Buy OpenAI for $97.4 Billion in Unsolicited Bid: Report
The billionaire oligarch says he wants OpenAI to become a "safety-focused force for good." Elon Musk and a consortium of investors have made an unsolicited bid of $97.4 billion for a controlling interest in the non-profit that operates OpenAI, according to a new report from the Wall Street
[44]
Elon Musk-led group proposes buying OpenAI for $97.4 billion. OpenAI CEO says 'no thank you'
A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and
[45]
Elon Musk-led group proposes buying OpenAI for $97.4 billion. OpenAI CEO says 'no thank you'
A group of investors led by Elon Musk says it is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker
[46]
Elon Musk-led group makes $97bn bid for OpenAI
Sam Altman has already publicly said 'no, thank you' to the offer but it could still cause a headache for the OpenAI founder. A consortium of investors led by Elon Musk has offered to buy the non-profit that controls OpenAI for almost $100bn. First reported by The Wall Street Journal, the
[47]
Elon Musk wants to buy OpenAI
Elon Musk recently made a bold proposal: to buy OpenAI for the colossal sum of $97.4 billion. This offer, reported by the Wall Street Journal, immediately sent shockwaves through the tech world. OpenAI, known for its development of ChatGPT, is currently a non-profit organization, but its CEO, Sam
[48]
Elon Musk Tries To Buy OpenAI, Reportedly Offers $97.4 Billion Via A Consortium Of Investors
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Elon Musk has just fired a fresh volley against one of the biggest names in the ever-evolving world of artificial intelligence, OpenAI. In doing so, Musk risks
[49]
Musk bids $97.4B to buy OpenAI, gets counteroffer to sell X for $9.74B
This latest move in the tech sector adds another chapter to the growing tensions between Musk, the world's wealthiest individual, and OpenAI CEO Sam Altman. Musk and Altman were once allies, co-founding OpenAI in 2015 as a non-profit dedicated to advancing artificial intelligence for the benefit
[50]
Elon Musk Just Hurled a $97.4 Billion Curveball at ChatGPT Creator OpenAI
When two billionaires with unlimited resources battle over world-changing technology, sudden escalations shouldn't be surprising. A group of investors led by Elon Musk made an unsolicited $97.4 billion bid for the non-profit that controls OpenAI, The Wall Street Journal reported, complicating Sam
[51]
Elon Musk-led group of investors makes nearly $100 billion bid for OpenAI
Elon Musk and a group of investors have offered $97.4 billion to acquire OpenAI's nonprofit arm that controls the company, reports the Wall Street Journal. Sam Altman, chief executive and a co-founder of Open AI, and the board of directors, have rejected the bid, stating the company's governance
[52]
Sam Altman doesn't think Elon Musk is 'a happy person'
Following Monday's news that an Elon Musk and xAI-backed group offered OpenAI's board $97.4 billion for control over the company, CEO Sam Altman has declared OpenAI "not for sale." While the board will have to review the offer, it is unclear if they will seriously consider an off that effectively
[53]
Elon Musk tries to buy OpenAI, but Sam Altman replies 'no thank you', tries to buy X for $9.74B
TL;DR: Elon Musk offered $97.4 billion to buy OpenAI, which CEO Sam Altman declined. OpenAI is transitioning to a for-profit model, valued at over $300 billion, and launching a $500 billion AI project. Musk aims to return OpenAI to its open-source roots and promises to match higher offers.
[54]
Elon Musk-led group makes $97.4 billion bid for control of OpenAI
"No, thank you, but we will buy Twitter for $9.74 billion if you want," OpenAI owner Sam Altman responded. A consortium led by Elon Musk said on Monday it had offered $97.4 billion to buy the nonprofit that controls OpenAI, months after the billionaire sued the artificial intelligence startup to
[55]
OpenAI CEO Sam Altman says 'no thank you' to Elon Musk-led group's $97.4B bid for control
OpenAI introduced a new WhatsApp feature, 1-800-CHATGPT, that allows users to talk to and text ChatGPT. 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
[56]
Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports
Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, the Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk's attorney, Marc Toberoff, said he
[57]
Sam Altman Says 'No Thank You' to Musk-Led Group's $97.4 Billion OpenAI Bid
Microsoft has a $13 billion investment in OpenAI Musk's bid is being backed by his own AI startup xAI OpenAI started as a nonprofit A group of investors led by Elon Musk has offered to buy the nonprofit that controls OpenAI for $97.4 billion (roughly Rs. 8,46,576 crore), escalating a clash between
[58]
Elon Musk just offered to buy OpenAI for $97.4 billion
Kylie Robison is a senior AI reporter working with The Verge's policy and tech teams. She previously worked at Fortune Magazine and Business Insider. In a dramatic escalation of Silicon Valley's most heated AI rivalry, Elon Musk just announced that he's leading a $97.4 billion bid to buy OpenAI's
[59]
Sam Altman Says Elon Musk's $97B Bid For OpenAI Is A Move To 'Slow Down A Competitor' Sam Altman Alleges Elon Musk's $97.4B Bid Is a Move To 'Slow Down a Competitor'. Says Musk Has No Genuine Interest - Microsoft (NASDAQ:MSFT)
An investor group led by Elon Musk has proposed a $97.4 billion bid to take control of OpenAI, a move that OpenAI's CEO, Sam Altman, thinks may be an attempt to "slow down a competitor." What Happened: Altman cast doubt on Musk's true intentions behind the bid. He dismissed the notion that Musk
[60]
Elon Musk and investors offering $97.4 billion for control of OpenAI, WSJ reports
Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion, the Wall Street Journal reported on Monday. The bid is for the nonprofit that oversees the artificial intelligence startup, the Journal reported, adding that Musk's attorney, Marc Toberoff, said he
[61]
Sam Altman reiterates OpenAI 'not for sale' after Elon Musk-led bid | BreakingNews.ie
OpenAI boss Sam Altman has reiterated the AI giant is "not for sale" after an Elon Musk-led group of investors offered more than $97 billion (€94.4 billion) for the firm. After news of the $97.4 billion offer for OpenAI broke on Monday night, Mr Altman said on X: "No thank you but we will buy
[62]
Elon Musk's $97 billion OpenAI bid would give the DOGE chief even more power in the AI race
A group of investors led by Elon Musk has given OpenAI an unsolicited offer of $97.4 billion to buy the nonprofit part of OpenAI. An attorney for the group submitted the bid to OpenAI Monday, the Wall Street Journal reports. Per the Journal, the other investors in the group include Valor Equity
[63]
Probably his whole life is from a position of insecurity: OpenAI CEO Sam Altman slams Elon Musk
Open AI CEO Sam Altman slammed Elon Musk on Tuesday, accusing him of acting from a "position of insecurity" after his offer to buy the artificial intelligence startup. "Probably his whole life is from a position of insecurity," Altman said during an interview with Bloomberg Television on the
[64]
Elon Musk-led group launches $97 billion bid for ChatGPT-maker OpenAI
OpenAI CEO Sam Altman shot down the offer in a post on X. Musk has been fighting the company in court to try to stop its transition into a for-profit entity. SAN FRANCISCO -- Elon Musk and a group of investors offered to buy ChatGPT-maker OpenAI for $97.4 billion on Monday, a sum far below the
[65]
Elon Musk-Led Investor Group Submits Bid to Buy OpenAI Nonprofit | PYMNTS.com
"It's time for OpenAI to return to the open-source, safety-focused force for good it once was," Musk said in a statement provided to WSJ by Toberoff, per the report. "We will make sure that happens." OpenAI CEO Sam Altman wrote in a Monday post on X: "no thank you but we will buy twitter for $9.74
[66]
Elon Musk-led group makes $US97.4B bid for control of OpenAI, WSJ reports
A consortium of investors led by billionaire Elon Musk is offering US$97.4 billion to buy the nonprofit that controls artificial intelligence startup OpenAI, the Wall Street Journal reported on Monday. The offer intensifies a longstanding battle between OpenAI CEO Sam Altman and Musk over the
[67]
OpenAI Swiftly Rebuffs Musk's Surprise $97.4 Billion Buyout Attempt
Elon Musk on Monday led a consortium of investors in making a $97.4 billion unsolicited offer to acquire ChatGPT maker OpenAI's nonprofit arm - only to face immediate rejection from CEO Sam Altman. The Wall Street Journal reports that the bid included backing from Musk's artificial intelligence
[68]
Elon Musk launches $97bn bid to buy ChatGPT-maker OpenAI
A group led by Elon Musk has made a $97.4bn (£78.7bn) bid to buy OpenAI just months after the X owner sued the artificial intelligence start-up. Mr Musk co-founded OpenAI with its current chief executive Sam Altman in 2015, but left before the company took off after it released ChatGPT in late
[69]
9to5Neural: Elon Musk tries to buy OpenAI, Sam Altman declines but says they'll take Twitter - 9to5Mac
Welcome to 9to5Neural. AI moves fast. We help you keep up. Last week everyone drank a big glass of DeepSeek with a side of R1. Refreshing as that was, the world of AI has started to calm -- WAIT, WHAT?! Elon Musk is trying to buy OpenAI? Here we go again... Jessica Toonkel and Berber Jin
[70]
Musk's $97.4 billion bid for OpenAI aims to 'slow down a competitor,' Sam Altman says
PARIS -- Elon Musk aims to "slow down a competitor" when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company's CEO Sam Altman told CNBC on Tuesday. Asked how seriously he is taking Musk's bid, which Altman previously declined in a X social media post,
[71]
OpenAI Is Not for Sale, says Sam Altman
Altman believes Musk is trying to slow OpenAI down because he is a competitor. OpenAI chief Sam Altman has once again reiterated that the company is not for sale, dismissing recent speculation about a potential bid from X chief Elon Musk. In a recent interview with Bloomberg, Altman said, "The
[72]
Sam Altman Says OpenAI is Taking Musk's $97.4B Offer 'Not Particularly' Seriously
Musk is reportedly leading a group of investors offering $97.4 billion for control over the nonprofit that has legal authority over OpenAI. OpenAI CEO Sam Altman has responded to the reported $97.4 billion offer from Elon Musk and other investors to take over the nonprofit that has legal control
[73]
OpenAI's board has not received Elon Musk's takeover bid: Source
A day after Elon Musk announced his $97.4 billion bid to purchase the non-profit that oversees OpenAI, the two parties were still in disagreement about the details of the formal offer. Musk's attorney, Marc Toberoff, stated that he had sent the offer via email to OpenAI's outside counsel at
[74]
Elon Musk makes $97 billion bid for OpenAI, gets rejected
According to a new report from the Wall Street Journal, Musk and his investor group submitted an unsolicited offer of $97.4 billion to acquire the nonprofit group that controls OpenAI. Musk and OpenAI CEO Sam Altman both originally co-founded OpenAI. However, Musk later cut ties with the
[75]
Elon Musk-led investor group offers $97.4 billion for control of OpenAI
Elon Musk is leading a group of investors in a $97.4 billion bid to take control of OpenAI, the artificial intelligence company that operates ChatGPT. In a post on social media, OpenAI CEO Sam Altman responded, "[N]o thank you but we will buy twitter for $9.74 billion if you want," referring to
[76]
Musk-led group makes $97.4 billion bid for control of OpenAI | BreakingNews.ie
A consortium led by Elon Musk said on Monday it has offered $97.4 billion (€94.4 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. Mr Musk's bid could ratchet up
[77]
Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, WSJ Reports
A consortium led by Elon Musk offered $97.4 billion to buy the nonprofit that controls OpenAI, the Wall Street Journal reported on Monday, months after the billionaire sued the artificial intelligence startup to block it from transitioning to a for-profit firm. Musk's bid could ratchet up
[78]
These are the investors funding Musk's $97 billion OpenAI take over attempt | TechCrunch
As if Elon Musk doesn't have enough going on, a consortium of investors led by him announced plans Monday for what appears to be a hostile takeover of OpenAI. The investor group offered nearly $97.4 billion to buy all of OpenAI's assets and is "prepared to consider matching or exceeding higher
[79]
OpenAI CEO Sam Altman calls Musk's bid an attempt to 'slow us down' | TechCrunch
In an interview at the AI Action Summit in Paris on Tuesday, OpenAI CEO Sam Altman dismissed Elon Musk's unsolicited $97.4 billion bid for OpenAI's nonprofit as "an attempt to slow [OpenAI] down." "[Musk] obviously is a competitor," Altman said. "He's raised a lot of money for [his AI company]
[80]
Elon Musk Makes $97.4 Billion Bid to Buy OpenAI
Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, in a move that could shake up the AI industry. A consortium of investors, led by Elon Musk, has made an unsolicited $97.4 billion bid to OpenAI's board of directors for "all assets" of the start-up behind ChatGPT and
[81]
Elon Musk-led group makes $97.4bn bid for ChatGPT maker OpenAI
In response to the bid, Altman posted on Musk's social media platform X: "no thank you but we will buy twitter for $9.74 billion if you want." OpenAI is widely credited with helping bring artificial intelligence tools into the mainstream and sparking huge investment in the sector. Musk and Altman
[82]
These are the investors funding Musk's $97 billion OpenAI takeover attempt | TechCrunch
As if Elon Musk doesn't have enough going on, a consortium of investors led by him announced plans Monday for what appears to be a hostile takeover of OpenAI. The investor group offered nearly $97.4 billion to buy all of OpenAI's assets and is "prepared to consider matching or exceeding higher
[83]
Consortium led by Elon Musk makes $97.4B offer for OpenAI - SiliconANGLE
An investor consortium backed by Elon Musk today made an unsolicited $97.4 billion bid to acquire OpenAI. The offer is for the ChatGPT developer's nonprofit parent organization, the Wall Street Journal reported. The consortium includes Valor Equity Partners, Baron Capital, Atreides Management, Vy
[84]
Elon Musk Co-Founded OpenAI, Now He's Bidding $97.4B To Take Back The Company - Microsoft (NASDAQ:MSFT)
Musk previously co-founded OpenAI and invested in the company before leaving. A group of investors led by the world's richest person Elon Musk has made a $97.4-billion offer to acquire control of OpenAI, the nonprofit AI giant Musk once co-founded. What Happened: Musk, who has sued OpenAI as the
[85]
Elon Musk-led-team submits $97.4B bid for OpenAI | TechCrunch
A team of investors led by Elon Musk submitted a $97.6 billion bid to purchase OpenAI on Monday. The news comes by way of Musk's lawyer, Marc Toberoff, who confirmed the news with The Wall Street Journal. The unsolicited bid is the latest escalation by Musk in his war with co-founder Sam Altman,
[86]
OpenAI shouldn't accept Elon Musk's $97 billion bid to buy it
Let's say you own one of the most valuable homes in a lush, gated community that has been earmarked as a future point of growth for decades to come. One day, a letter appears in your mailbox, offering to buy your property for between a third and two-thirds of its value on the open market. On the
[87]
Altman Blasts Musk's Purchase Offer as Attempt to Slow OpenAI
OpenAI Chief Executive Officer Sam Altman said the company is "not for sale" and Elon Musk is probably trying to delay its progress with an unsolicited bid for the artificial intelligence pioneer. "I think he is probably just trying to slow us down. He obviously is a competitor," Altman said in an
[88]
Elon Musk-Led Group Makes $97.4 Billion Bid to Take Over OpenAI: WSJ
A group led by Tesla co-Founder and CEO Elon Musk has reportedly made a bid for Artificial Intelligence (AI) giant OpenAI. As reported by the Wall Street Journal (WSJ), the group is offering $97.4 billion for complete control of the ChatGPT maker. According to the Wall Street Journal report, Marc
[89]
Insecure Musk is not a happy person, says rival tech tycoon
Elon Musk is "insecure" and "not a happy person", rival billionaire Sam Altman has said, after the Tesla chief executive launched a $100bn (£80bn) bid to take over OpenAI. Mr Altman, whose company is behind the artificial intelligence (AI) chatbot ChatGPT, said Mr Musk's buyout offer was merely
[90]
Sam Altman calls Musk 'insecure' as AI race gets personal
Paris | OpenAI chief executive Sam Altman rebuffed Elon Musk's $US97.4 billion ($155 billion) offer to take control of the artificial-intelligence startup for the second time in less than a day, accusing the world's richest man of making the bid just to gain a competitive advantage. "I think he is
[91]
Altman Says 'No Thank You' to Musk-Led Group's OpenAI Bid
A group of investors led by Elon Musk has offered to buy the nonprofit that controls OpenAI for $97.4 billion, escalating a clash between the Tesla chief executive and the artificial intelligence company he co-founded. With the unsolicited bid, Musk said he hopes to return OpenAI to being "the
[92]
Elon Musk Leads Bid to Buy OpenAI for $97.4 Billion
Sign up for the On Tech newsletter. Get our best tech reporting from the week. Get it sent to your inbox. A group of investors led by Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, according to two people familiar with the bid, escalating a yearslong tussle
[93]
Altman Says OpenAI Is 'Not for Sale' After Musk's Offer
OpenAI Chief Executive Officer Sam Altman rebuffed Elon Musk's $97.4 billion offer to take control of the AI startup for the second time in less than a day, accusing the world's richest man of making the bid just to gain a competitive advantage. Bloomberg Technology host Caroline Hyde joins
[94]
OpenAI's Altman says Musk offer is 'ridiculous'
JOURNALIST: "Can you react to Elon Musk's offer (to buy the nonprofit that controls OpenAI)? ALTMAN: "I have nothing to say. I mean, it's ridiculous." JOURNALIST: "How so?" ALTMAN: "The company is not for sale. The company is not for sale. It's another one of his tactics to try to mess with us
[95]
Sam Altman to Elon Musk: 'OpenAI is not for sale'
OpenAI chief executive Sam Altman has responded to Elon Musk's offer to buy the artificial intelligence startup's assets by saying it's not for sale. "OpenAI is not for sale," Altman told Axios during the AI Action Summit in Paris. "OpenAI's mission is not for sale -- to say nothing of the fact
[96]
Elon Musk wants to buy OpenAI for almost $100 billion
The ChatGPT creator's CEO commented on the acquisition bid by saying "no thank you". While X/Twitter does currently offer its own kind of artificial intelligence with the Grok system, clearly Elon Musk wants to do more with the technology, as The Wall Street Journal now reports that the Tesla and
[97]
Elon Musk-Led Group Proposes Buying OpenAI for $97 Billion. OpenAI CEO Says 'No Thank You'
LOS ANGELES (AP) -- A group of investors led by Elon Musk says it is offering more than $97 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms say they want to buy
[98]
Elon Musk-led group proposes buying OpenAI for $97 billion. OpenAI CEO says 'no thank you'
LOS ANGELES (AP) -- A group of investors led by Elon Musk says it is offering more than $97 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms say they want to buy
[99]
Elon Musk-led group proposes buying ChatGPT-maker OpenAI | BreakingNews.ie
A group of investors led by Elon Musk has said it is offering more than 97 billion dollars (£78.3 billion) to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Mr Musk helped found. Mr Musk and his own AI start-up, xAI, and a consortium of investment firms say
[100]
Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, WSJ Reports
(Reuters) -A consortium of investors led by billionaire Elon Musk is offering $97.4 billion to buy the nonprofit that controls artificial intelligence startup OpenAI, the Wall Street Journal reported on Monday. Musk's attorney, Marc Toberoff, said he submitted the bid to OpenAI's board on Monday,
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Elon Musk's unexpected $97 billion offer to acquire OpenAI has been firmly rejected by CEO Sam Altman, intensifying their ongoing feud and potentially complicating OpenAI's plans to transition into a for-profit entity.
Musk's Surprise Bid for OpenAI
In a dramatic turn of events, Elon Musk has made an unsolicited $97.4 billion bid to acquire OpenAI, the artificial intelligence company he co-founded with Sam Altman in 2015
1
. This move has reignited the long-standing feud between the two tech titans and potentially thrown a wrench into OpenAI's plans to transition from a nonprofit to a for-profit entity.OpenAI's Firm Rejection
OpenAI CEO Sam Altman swiftly dismissed the offer, stating unequivocally, "We are not for sale"
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. Altman further quipped on social media, "No thank you but we will buy Twitter for $9.74 billion if you want," taking a jab at Musk's $44 billion Twitter acquisition4
.The Bid's Potential Impact
While Altman has brushed off the offer, experts suggest that Musk's bid could significantly complicate OpenAI's ongoing efforts to raise $40 billion in financing and restructure as a for-profit corporation
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. The $97.4 billion valuation proposed by Musk might set a new baseline for OpenAI's worth, potentially affecting future negotiations with investors and regulators.Musk's Motivations and Backing
Musk claims his bid aims to return OpenAI to its original mission as an "open-source, safety-focused force for good"
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. His offer is backed by a consortium of investors, including his own AI company xAI, along with prominent venture firms such as Valor Equity Partners, Baron Capital, and Atreides Management5
.Ongoing Legal Battle
This takeover attempt comes amid an ongoing lawsuit filed by Musk against OpenAI, alleging that the company has strayed from its founding principles. A federal judge recently ruled that parts of Musk's lawsuit could proceed to trial, adding another layer of complexity to the situation
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.Altman's Counterattack
In response to the bid, Altman has not minced words, suggesting that Musk's actions stem from "insecurity" and an inability to compete fairly in the AI market. "Probably his whole life is from a position of insecurity," Altman stated at an AI summit in Paris. "I feel for the guy. I don't think he's a happy person"
5
.Implications for OpenAI's Future
The bid raises significant questions about OpenAI's future and who will ultimately control the company. OpenAI is currently planning to restructure as a for-profit public benefit corporation, with Altman expected to receive an ownership stake. However, Musk's offer could potentially disrupt these plans and force a reevaluation of the company's worth and structure
3
.Industry Reactions
While some view Musk's bid as a serious attempt to regain control of OpenAI, others see it as a tactical move to slow down the company's progress. Wedbush analyst Dan Ives commented, "We view this bid as not competitive but with the intention to slow down the OpenAI capital raising process"
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.As this high-stakes drama unfolds, the AI industry watches closely, aware that the outcome could significantly shape the future of artificial intelligence development and governance.
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