Musk and Investors Offer $97.4 billion for Openai Management: WSJ

Elon Musk It leads a group of investors offering Openai management to buy for $97.4 billion. Wall Street Journal Reported on Monday.

The bid is against a nonprofit that oversees artificial intelligence startups, the Journal reported, saying Musk’s lawyer Mark Toberov filed the offer on Monday.

“It’s time for Openai to return to its once open source, safety-focused power,” the WSJ cited a statement from Musk provided by Toberoff.

in I’ll post it on xOpenai CEO Sam Altman wrote, “Thank you, but I’ll buy Twitter for $9.74 billion if necessary.” Musk then calls X’s Openry Chief “con man,“And in a reply to another user, I’m called him.”Scammed Altman.”

Mask, the top advisor President Donald Trumpin the midst of a fierce legal and public relations fight with Altman. They were two of OpenAI co-founders in 2015 and founded the Entity as a nonprofit focused on AI research.

Openai later emerged as a giant of generator AI, launching ChatGpt in 2022, sparking a wave of investment in new tools and infrastructure for next-generation AI products and services. Softbank teeth Close to finalization The $40 billion investment in Openai was invested at a $260 billion valuation, sources told CNBC’s David Faber last week.

Musk currently has a competitor in the AI ​​market, a startup called Xai. Sues Openaicondemns antitrust law violations and tries to prevent them from converting to for-profit organizations.

Meanwhile, Openai partnered with SoftBank and Oracle on a project announced by Trump shortly after his inauguration, known as Stargate.

Musk’s offer is backed by Xai. This means that if a transaction occurs, the journal report may merge with Openai. Other investors in the bid include Valor Equity Partners, Baron Capital, 8VC and Ari Emanuel’s Investment Fund.

Toberov wrote to the California and Delaware attorney generals on January 7th, asking them to open their bids to Open Eye.

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