Elon Musk makes sensational $97bn bid for OpenAI – but CEO Sam Altman hits back and offers to buy Twitter instead

Elon Musk makes sensational $97bn bid for OpenAI – but CEO Sam Altman hits back and offers to buy Twitter instead
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Elon Musk makes sensational $97bn bid for OpenAI – but CEO Sam Altman hits back and offers to buy Twitter instead
Author: Ashley Armstrong
Published: Feb, 10 2025 23:11

Summary at a Glance

Elon Musk makes sensational $97bn bid for OpenAI – but CEO Sam Altman hits back and offers to buy Twitter instead ELON Musk has had a hostile bid to buy OpenAI, the artificial intelligence firm behind ChatGPT, rejected.

The secret proposal was quickly rebuked by the artificial intelligence company's CEO Sam Altman who instead gave Musk a counter-offer to buy X. OpenAI is a US tech firm that is seen to be at the forefront of progress in artificial intelligence and its potential to dramatically transform modern life.

Altman, CEO of OpenAI since 2019, quickly addressed the offer as he swiftly rejected it and made his own bid back to Musk.

Musk and Altman co- founded OpenAI together in 2015 as a charity with the motive of sharing the progress of artificial intelligence.

Musk, who now has a large role in the Trump administration as well as leading Tesla and X, secretly submitted a bid led by him and a consortium of investors to OpenAI’s board on Monday.

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