International
Elon Musk Moves to Buy OpenAI
- Elon Musk leads a $97.4 billion bid to acquire OpenAI, challenging Sam Altman’s leadership.
- Musk claims OpenAI has strayed from its nonprofit mission by prioritizing profits.
- The acquisition could give Musk majority control, directly competing with his X.AI venture.
Elon Musk is spearheading a group of investors in a $97.4 billion bid to acquire OpenAI, the company behind ChatGPT, in a move that could significantly alter the landscape of artificial intelligence.
Musk, who has had a long-standing feud with OpenAI CEO Sam Altman, has previously filed legal complaints against the company, accusing it of abandoning its original philanthropic mission in pursuit of profit.
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He argues that OpenAI, originally founded as a non-profit, has deviated from its charter by commercializing its AI innovations.
OpenAI operates under a nonprofit umbrella that oversees OpenAI LP, a for-profit entity that has driven the company’s meteoric rise in valuation to nearly $100 billion.
Altman is widely credited with masterminding this transformation, positioning OpenAI as a dominant force in AI development.
The Wall Street Journal first reported Musk’s bid, which, if successful, could grant him a controlling stake in OpenAI, placing it in direct competition with his own AI venture, xAI.
“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, an attorney representing the investors, in a statement. “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens.”
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In response, Altman said in a post on X, “no thank you but we will buy twitter for $9.74 billion if you want.”
Musk, who co-founded OpenAI in 2015, has since left over a dispute related to the company’s shift to for-profit work.
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