News Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI

[6pack]

Source: https://www.wsj.com/tech/elon-musk-openai-bid-4af12827?reflink=desktopwebshare_permalink

A consortium of investors led by Elon Musk is offering $97.4 billion to buy the nonprofit that controls OpenAI, raising the stakes in his battle with Sam Altman over the company behind ChatGPT.

Musk’s lawyer, Marc Toberoff, said he submitted a bid for all the nonprofit’s assets to OpenAI’s board of directors Monday.

The unsolicited offer adds a complication to Altman’s carefully laid plans for OpenAI’s future, including converting it to a for-profit company and spending up to $500 billion on AI infrastructure through a joint venture called Stargate. He and Musk are already fighting in court over the direction of OpenAI.

“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement provided by Toberoff. “We will make sure that happens.”

Altman quickly rejected the offer on X. He wrote, “No thank you but we will buy twitter for $9.74 billion if you want,” using the previous name for the Musk-owned social-media platform and moving the decimal point in the billionaire’s bid for OpenAI one space to the left.

 

[Emperor]

He will do everything that please China, as he invested heavily in Tesla-China and want Tesla to flourish.
He is also not on good term with India too (as Indian Govt. not agree with his T&C to launched Tesla in India), but under pressure from Trump he kept mum till today towards India.

 

[roadrash99]

He is also not on good term with India too (as Indian Govt. not agree with his T&C to launched Tesla in India), but under pressure from Trump he kept mum till today towards India.

nah I think most foreign brands are not looking forward to launch in India, it's just not a market for their products and they have to create something specifically for India's hyper competitive market. And the product they create cannot be sold in other countries. This is the reason all major western brands have quit India.

Elon was asked this by reporters whether he plans to launch Tesla in India, and so he answered that question with his conditions - basically an offer he knows won't be accepted anyway, but don't think even if the Indian government agreed to that, he would have set up a factory in India. The market for 50lakh EVs is practically non existent here. At no point was there any serious negotiation going on.