5 sources·Business

Elon Musk's $97.4 Billion Bid for OpenAI Sparks Feud with CEO Sam Altman

Elon Musk's consortium offers $97.4 billion for OpenAI's nonprofit, rejected by CEO Sam Altman, highlighting ongoing rivalry and legal battles.

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Altman's determination to protect OpenAI's mission and values is clear as he addresses the challenges posed by Musk's actions, emphasizing the importance of resilience and dedication in the face of adversity.
Sam Altman tells OpenAI staff that board hasn't seen 'anything official' from Musk
CNBC·3M
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Musk's aggressive bid for OpenAI underscores his persistent ambition in the realm of artificial intelligence, even as Altman seeks to steer the organization towards a for-profit future, illustrating a clash of visions between the two co-founders.
Elon Musk-led group offers $97.4 billion to control OpenAI: report
Salon·3M
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Altman's determination to keep OpenAI focused on its mission, despite Musk's interference, highlights a critical moment in the ongoing struggle for the future direction of AI technology.
After Elon Musk Bid, Sam Altman Says OpenAI Is 'Not for Sale'
CNET·3M
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Musk's $97 billion offer is shrouded in skepticism and appears more as a strategic move to pressure Altman than a genuine acquisition interest, raising doubts about his intentions and the seriousness of the bid.
How to make sense of Elon Musk's $97 billion offer for OpenAI
Business Insider·3M
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OpenAI CEO Sam Altman's rejection of Elon Musk's $97.4 billion offer underscores the organization's commitment to its mission despite the complications posed by Musk's bid in the ongoing battle over control of the AI startup.
How Elon Musk $97.4 billion bid complicates matters for OpenAI
Associated Press·3M
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Updated: Feb 11th, 2025, 9:13 PM ET

Summary

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Elon Musk made a $97.4 billion bid to acquire OpenAI's nonprofit, a move rejected by CEO Sam Altman amid their longstanding feud. Altman emphasized that OpenAI is not for sale, arguing the offer is intended to undermine their progress in AI development. Musk, a co-founder, has been in legal disputes with OpenAI since his departure in 2018, claiming the organization strayed from its original mission. As OpenAI looks to transition into a for-profit entity, the board will need to carefully evaluate Musk's unsolicited offer, which complicates their funding and valuation strategies.

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