Sam Altman Rejects Elon Musk’s $97.4B Offer to Buy OpenAI

OpenAI CEO Sam Altman has rejected Elon Musk’s $97.4 cardinal bid to get the ChatGPT maker. Reuters reported that Musk and a radical of investors, including xAI, Baron Capital, Vy Capital, and 8VC, made the connection connected Feb. 10.  

Altman rapidly responded connected X, saying, “No convey you but we volition bargain Twitter for $9.74 cardinal if you want.” Musk primitively bought Twitter, present X, for $44 cardinal successful 2022.

Musk fired backmost by sharing a video of Altman’s 2023 grounds earlier Congress, captioning it “Scam Altman.” The 2 person been astatine likelihood implicit OpenAI’s direction, with Musk advocating for open-source AI portion Altman focuses connected commercialized expansion.  

Musk antecedently sued OpenAI and Altman, claiming they broke their nonprofit promises. Though helium dropped the lawsuit aft OpenAI released emails suggesting Musk knew a for-profit exemplary was necessary, helium remains determined to reconstruct OpenAI’s archetypal mission.  

“If OpenAI wants to spell afloat for-profit, it indispensable reasonably compensate the foundation for what it’s taking,” said Musk’s lawyer, Marc Toberoff.  

OpenAI, valued astatine $157 cardinal past year, has secured large investments, including a reported $40 cardinal woody with SoftBank. The steadfast besides plays a relation successful the $500 cardinal “Stargate” AI task announced by Donald Trump.  

Musk’s capitalist radical remains consenting to rise their offer, signaling an ongoing conflict for OpenAI’s future.

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