How Elon Musk $97.4 billion bid complicates matters for OpenAI

How Elon Musk $97.4 billion bid complicates matters for OpenAI
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How Elon Musk $97.4 billion bid complicates matters for OpenAI
Author: Matt O'Brien,Thalia Beaty and Kelvin Chan
Published: Feb, 11 2025 19:07

Summary at a Glance

Their public feud has escalated over the past year as Musk sued OpenAI and is working to grow his own AI company called xAI, part of a business empire that includes Tesla, SpaceX and social media platform X. Musk also now holds power as a top adviser to President Donald Trump in reshaping the U.S. government, and has publicly questioned OpenAI’s Trump-backed private investment project for building AI data centers in the United States.

How Elon Musk $97.4 billion bid complicates matters for OpenAI OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for-profit company.

Lawyers for OpenAI and Musk faced off in a California federal court last week as a judge weighed Musk’s request for a court order that would block OpenAI's for-profit conversion.

Musk's $44 billion Twitter takeover in 2022 also started with an unsolicited offer and a legal fight with Twitter's board, led by former Facebook and Salesforce executive Bret Taylor, who now chairs OpenAI's board.

Musk sued OpenAI last year, first in a California state court and later in federal court, alleging it had betrayed its founding aims as a nonprofit research lab that would benefit the public good.

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