Elon Musk-led group makes surprise bid of nearly $100bn for OpenAI Sam Altman, OpenAI’s CEO and co-founder, responded that he would not accept and offered to buy X instead.
“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, the attorney representing the investors.
Altman posted his reaction on X shortly after the news broke, saying, “no thank you but we will buy twitter for $9.74 billion if you want.” Musk famously bought Twitter in 2022 for $44bn and renamed it X. Musk responded to that post, saying, “Swindler.”.
Musk was a co-founder of OpenAI but left the company in 2019 and started his own AI company called xAI.
The billionaire is leading a consortium of investors that announced it had submitted a bid of $97.4bn for “all assets” of the artificial intelligence company to OpenAI’s board of directors.
