Tuesday, February 11, 2025

WSJ: Musk-led Group Makes $97B Bid for Control of OpenAI

A consortium of investors led by billionaire Elon Musk is offering $97.4 billion to buy the nonprofit that controls artificial intelligence startup OpenAI, the Wall Street Journal reported on Monday.

Posted by lamplighter at 09:30 AM | 11 COMMENTS | permalink

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Elon Musk just offered to buy OpenAI for $97.4 billion

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-- The Verge (@theverge.com) February 10, 2025 at 4:30 PM

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More from the article...

... The offer intensifies a longstanding battle between OpenAI CEO Sam Altman and Musk over the future of the startup at the heart of a boom in generative AI technology.

Musk's attorney, Marc Toberoff, said he submitted the bid to OpenAI's board on Monday, according to the report.

"It's time for OpenAI to return to the open-source, safety-focused force for good it once was," the WSJ cited Musk as saying in a statement provided by Toberoff. "We will make sure that happens."

OpenAI, Musk, Toberoff and OpenAI-backer Microsoft (MSFT.O) did not immediately respond to Reuters' requests for comment.
The bid is being backed by Musk's AI company xAI, which could merge with OpenAI following a deal, the WSJ reported. ...



#1 | Posted by LampLighter at 2025-02-10 04:20 PM

Update ...

OpenAI's Altman Says "No Thank You But We Will Buy Twitter For $9.74 Billion If You Want" - X Post
www.marketscreener.com

#2 | Posted by LampLighter at 2025-02-10 04:46 PM

also...

Sam Altman Rejects Elon Musk's Offer To Buy OpenAI Control"And Mocks X

www.forbes.com

#3 | Posted by Corky at 2025-02-10 05:26 PM

Have no fear. Musk will now use the power of the federal government to get it much cheaper.

#4 | Posted by jpw at 2025-02-10 05:41 PM

@#4 ... Musk will now use the power of the federal government to get it much cheaper. ...

That's a concern of mine as well.

I cannot imagine Mr Musk having the ability to enable something he wants to do, and not using that ability.


#5 | Posted by LampLighter at 2025-02-10 05:48 PM

fElon is buying up the stuff he's cutting for pennies on the dollar.

#6 | Posted by Corky at 2025-02-10 07:15 PM

You can always tell who isn't paying attention.

Musk just increased the cost to remove the non-profit board.

#7 | Posted by oneironaut at 2025-02-10 07:42 PM

@#6 ... Elon is buying up the stuff he's cutting for pennies on the dollar. ...

Pennies on the dollar? I'm not there yet.

But, Mr Musk is looking to buy up tech he can use to control public opinion.

First Twitter.

Now OpenAI.

If I may venture into a weird space, does Mr Musk want to control and dictate public opinion?


#8 | Posted by LampLighter at 2025-02-10 07:51 PM

re: #8 Lamplighter

Ya know, I think you may be on to something, LOL and also :-(

#9 | Posted by hamburglar at 2025-02-10 09:10 PM

Musk is trying to sabotage OpenAI's transition into a for-profit entity.

What's Behind Elon Musk's Hostile Bid for Control of OpenAI
The tech mogul is unlikely to win. But his goal may be more about making life difficult for the A.I. start-up and its leader, Sam Altman.

Musk appears to be trying to force Altman into potentially paying more to transform OpenAI into a for-profit company. Billions are on the line. [...] Musk just set a floor price - in public. It also puts added pressure on any regulatory review. To gain approval, any deal Altman works out will have to be seen as equal to or better than Musk's offer.
www.nytimes.com

#10 | Posted by censored at 2025-02-11 10:11 AM

A great deal. And Leon will pay in those Trump and Melania meme coins as a bonus ...

#11 | Posted by catdog at 2025-02-11 06:06 PM

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