“Swindler” – Musk leads blockbuster bid to buy OpenAI for $97.4bn, but Sam Altman hits back with own bid for X
Posted by:
David Wilson
A consortium led by Elon Musk has made a bold offer of $97.4 billion to acquire the nonprofit arm of OpenAI, triggering a sharp response from OpenAI CEO Sam Altman, who counteroffered with a satirical bid of $9.74 billion in a move that has ramped up tensions between the two parties. Musk’s attorney confirmed the bid, adding another layer of complexity to the already strained relationship between Musk and Altman. The clash stems from Altman’s intention to transition OpenAI into a for-profit entity, in collaboration with firms like Oracle and Softbank for a significant $500 billion investment in AI infrastructure. Musk, critical of OpenAI’s strategic shift, has accused the organization of deviating from its original mission and aligning with Microsoft. The situation is further fueled by Meta’s objection to OpenAI’s for-profit trajectory, prompting Musk to urge a return to OpenAI’s roots as a safety-focused, open-source entity. Amidst the clash of titans, Altman asserts his determination to protect OpenAI’s independence and progress, while exchanging jabs with Musk on social media platforms. The outcome of the negotiations remains uncertain, but speculations arise about a potential OpenAI-xAI merger should the bid be successful, a prospect Altman regards as improbable.
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