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Musk-led group makes $97.4bn bid for OpenAI

Hindustan Times Ranchi

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February 12, 2025

A consortium led by Elon Musk said on Monday 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.

- Reuters

NEW YORK: 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 cofounded OpenAI with Altman in 2015 as a nonprofit, but left before the company took off. He founded the competing AI startup xAI in 2023.

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