A group of investors led by Elon Musk has made a $97.4 billion bid to buy the assets of the nonprofit that controls OpenAI, according to two people familiar with the bid, escalating a yearslong, deeply personal tussle for the future of artificial intelligence between Mr. Musk and OpenAI’s chief executive, Sam Altman.The consortium includes Vy Capital and Xai, Mr. Musk’s artificial intelligence company, as well as the Hollywood power broker Ari Emanuel and other investors, said the people, who spoke on the condition of anonymity because the discussions are ongoing.
The Wall Street Journal earlier reported news of the offer.
The bid for OpenAI is Mr. Musk’s latest and perhaps most audacious attack on an organization that he helped create almost 10 years ago. It faces long odds: OpenAI’s board of directors is closely allied with Mr. Altman, and the chief executive quickly mocked Mr. Musk’s bid.
“No thank you but we will buy twitter for $9.74 billion if you want,” Mr. Altman said on X, referring to the old name for Mr. Musk’s social media platform.
“Swindler,” Mr. Musk replied.
OpenAI has not yet seen the bid, according to a person familiar with OpenAI’s potential response. Mr. Musk’s unsolicited offer could complicate OpenAI’s attempt to complete a $40 billion fund-raising deal that would nearly double the high-profile company’s valuation from just four months ago.
The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity. The deal would make OpenAI one of the most valuable private companies in the world, along with Mr. Musk’s rocket company, SpaceX, and ByteDance, the maker of TikTok. Read more..