Elon Musk launches $100,000,000,000 bid to gain control of OpenAI

Elon Musk is leading a group of investors reportedly offering an unsolicited $97.4billion to purchase the nonprofit that has control of OpenAI.

The bid submitted to OpenAI’s board of directors on Monday intensifies Musk’s battle with the company’s CEO, Sam Altman.

‘It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,’ stated Musk through his lawyer Marc Toberoff, who sent the bid, according to The Wall Street Journal.

‘We will make sure that happens.’

Altman quickly responded to Musk on X, which the latter owns.

‘No thank you but we will buy twitter for $9.74 billion if you want,’ wrote Altman.

The offer is backed by Musk’s artificial intelligence company xAI, venture heads including Valor Equity Partners and entertainment mogul Ari Emanuel.

OpenAI was co-founded by Altman and Musk in 2015 as a charity and Musk left in 2019.

Since then, OpenAI formed a for-profit subsidiary that has allowed to to raise funds from investors including Microsoft. Altman has been trying to convert the subsidiary into a traditional company that would convert it into a for-profit business.

Musk views Altman’s plan as betraying OpenAI’s initial mission of developing AI openly and safely.

OpenAI developed and launched ChatGPT in 2022.

Musk’s group of investors are apparently ready to match and exceed any higher bids for OpenAI.

‘If Sam Altman and the present OpenAI Inc. Board of Directors are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time,’ stated Toberoff.

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