“Elon Musk takes lead in surprising OpenAI acquisition during ongoing conflict”

• Elon Musk Spearheads Shocking OpenAI Acquisition Amid Ongoing Feud, this move highlights the intense competition in AI technology.
• Elon Musk’s offer to acquire OpenAI was rejected by Sam Altman.
• The takeover attempt involves a consortium of investment firms.

Elon Musk has surprised many by leading a bid worth $97.4 billion to acquire OpenAI, the entity behind the popular AI tool ChatGPT.

This action escalates the ongoing conflict between Musk and OpenAI CEO Sam Altman regarding the company’s future and objectives.

Initially founded as a nonprofit in 2015 with Musk among its co-founders, OpenAI has transitioned into a for-profit organization—a move that Musk strongly opposes.

Musk’s proposition aims to return OpenAI to its original philanthropic purpose, focusing on open-source values and safety. Despite this, Altman swiftly rejected the offer on X (formerly Twitter), playfully suggesting they might want to acquire Twitter for $9.74 billion, poking fun at Twitter’s declining value since Musk’s $44 billion purchase in 2022.

The acquisition attempt includes a group of investors such as Valor Equity Partners and Vy Capital, along with Musk’s AI venture xAI. If the deal goes through, it could lead to a merger of xAI and OpenAI under new management.

Despite Altman’s rejection, OpenAI’s future remains uncertain, as its board might still entertain other offers or negotiations. This ongoing dispute underscores the significant tensions within the AI sector, with competitors like Google DeepMind and Amazon-backed Anthropic vying for supremacy.

Also Read: Cardi B Criticizes Donald Trump Over Super Bowl Experience

Last Updated on February 11, 2025 by 247 News Around The World