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Ownership to influence: Elon Musk’s sudden bid to buy OpenAI

18 0
12.02.2025

New Delhi: Elon Musk’s feud with OpenAI and its CEO Sam Altman seems to be unending, with a new chapter in this rivalry being added on Monday. Musk, leading a consortium of investors, announced that it had submitted a bid of $97.4bn for “all assets” of the artificial intelligence company to OpenAI’s board of directors. This comes at a time when OpenAI is looking to restructure itself away from its original non-profit status to a for-profit one.

“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,” said Marc Toberoff, the attorney representing the investor group.

Reacting to the proposal from Musk, Altman posted on X saying, “no thank you but we will buy twitter for $9.74 billion if you want.” Musk responded to the post, saying, “Swindler.”

Elon Musk has had an old relationship with OpenAI and his bid to purchase the AI giant does not arise in vacuum. Musk was a co-founder of OpenAI but left the company in 2019. From then to now, Musk has had many differences of opinion with Altman over the best way to take the company and AI development further. Musk famously........

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