Elon Musk Bets $97 Billion on Control of OpenAI

Business

A consortium led by Musk is offering a record sum for control of OpenAI, escalating the conflict with Sam Altman. If the deal goes through, Musk's xAI could merge with the ChatGPT developer, potentially influencing its commercial future.

Elon Musk Bets $97 Billion on Control of OpenAI
Billionaire Elon Musk and a group of investors have offered $97.4 billion for control of OpenAI. The initiative aims to return the company to its original mission — developing AI for the benefit of society rather than commercial gain. However, OpenAI CEO Sam Altman rejected the offer, stating that the company is not interested in selling.

If the acquisition is successful, Musk’s startup xAI could merge with OpenAI, shifting the balance of power in the AI sector. Experts believe Musk’s offer could complicate OpenAI’s plans to attract investment and transition into a commercial organization. Furthermore, the potential deal could raise antitrust concerns, considering the involvement of Microsoft and other investors.

Valued at $157 billion, OpenAI is in talks for a new funding round that could increase its valuation to $300 billion. Analysts note that Musk will need to secure significant financial resources if he truly intends to close the deal.

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