Elon Musk, investors bid $100bn for OpenAI
A group of investors, led by Tesla CEO Elon Musk, has made an offer of $97.4 billion to acquire OpenAI, the developer of ChatGPT, with the aim of restoring the organization’s original non-profit mission.
This offer seeks to buy all of OpenAI’s assets and redirect the organization to focus on its founding principles, as first reported by the Wall Street Journal on Monday.
Musk co-founded OpenAI with Sam Altman in 2015 as a non-profit, but he left the organization in 2019. Since then, tensions between the two have escalated into a legal dispute over OpenAI’s shift into a for-profit entity under Altman’s leadership.
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Altman, who currently serves as CEO, rejected the takeover offer in a post on X (formerly Twitter), stating, “No thank you, but we will buy Twitter for $9.74bn if you want.”
Musk, who acquired Twitter in 2022 for $44 billion and rebranded it as X, responded by calling Altman a “swindler.”
In a video posted on his social media, Musk explained his opposition to OpenAI’s evolution, accusing Altman of profiting from a venture originally established as a non-profit.
“He claimed not to be getting rich, but he has made billions. He’s claimed many false things,” Musk said in the video. “Apparently, he’s getting $10 billion in stock. I don’t trust him, and I don’t think we want the most powerful AI in the world controlled by someone who is not trustworthy.”
Musk has long criticized OpenAI’s transformation into a for-profit organization, arguing that its current direction contradicts the founding vision of an open and ethical approach to artificial intelligence.
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