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Altman snubs Musk-led group's $97.4-billion offer for OpenAI
Financial Express Chennai
|February 12, 2025
A consortium led by Elon Musk said that it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm.
Musk's bid is likely to ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the ChatGPT maker at the heart of a boom in generative AI technology. Altman on Monday promptly posted on X: "No thank you but we will buy Twitter for $9.74 billion if you want."
Musk co-founded OpenAI with Altman in 2015 as a non-profit, but left before the company took off. He founded the competing AI startup xAI in 2023.
Musk, the CEO of Tesla and owner of tech and social media company X, recently criticized a $500 billion OpenAI-led project announced by Trump at the White House.
This story is from the February 12, 2025 edition of Financial Express Chennai.
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