Summary
Elon Musk and a group of investors have offered $97.4 billion to buy OpenAI, challenging CEO Sam Altman and the company’s shift toward a for-profit model.
The bid, backed by Musk’s xAI and other investors, claims to return OpenAI to its original open-source mission. Altman rejected the offer on X, joking that OpenAI would buy Twitter for $9.74 billion.
Musk, who bought Twitter in 2022 for $44 billion and renamed it X, replied, “Swindler.”
OpenAI argues restructuring is necessary for growth, targeting completion by 2026.
If they can get $100 Billion, they sure as hell need to fulfill the fiduciary duty and accept.