News@lemmy.worldEnglish · 21 hours ago

Elon Musk-led group makes surprise bid of nearly $100bn for OpenAI

www.theguardian.com

Elon Musk-led group makes surprise bid of nearly $100bn for OpenAI

www.theguardian.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 21 hours ago

Sam Altman, OpenAI’s CEO and co-founder, responded that he would not accept and offered to buy X instead

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.

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19 hours ago
There’s two halves of the company which are currently buying for control with one another

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