Musk-led group makes $97.4 billion bid for control of OpenAI

[noumoe]

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.

The offer intensifies a longstanding battle between OpenAI CEO Sam Altman and Musk over the future of the startup at the heart of a boom in generative AI technology.

Musk's attorney, Marc Toberoff, said he submitted the bid to OpenAI's board on Monday, according to the report.

"It's time for OpenAI to return to the open-source, safety-focused force for good it once was," the WSJ cited Musk as saying in a statement provided by Toberoff. "We will make sure that happens."

https://www.reuters.com/markets/deals/e ... 025-02-10/

[noumoe]

Elon Musk will withdraw his $97.4 billion bid to purchase the assets of OpenAI if OpenAI gives up on its plan to spin out its for-profit subsidiary, Musk's lawyers said in a new court filing Wednesday.

Musk's bid for OpenAI was the latest surprise maneuver in a long-running legal battle that has pitted him against OpenAI CEO Sam Altman.

Musk and Altman, who were both among OpenAI's cofounders in 2015, have been fighting for years over the nonprofit's future.

https://www.axios.com/2025/02/13/musk-a ... fit-filing