Uncategorized

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.

Elon Musk has had a hostile bid to buy OpenAI, the artificial intelligence firm behind ChatGPT, rejectedCredit: EPA

OpenAI CEO Sam Altman declined the offer and instead made a tongue-in-cheek bid to buy X off of MuskCredit: EPA

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.

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.

The offer was said to be a sensational $97.4billion (£78.7bn) and is being heavily backed by Musk’s own AI company xAI, according to his attorney Marc Toberoff.

The reason for the bid was to make sure the ChatGPT developer would revert it back to its original charitable mission as a nonprofit research lab, Toberoff added.

In previous months, the SpaceX boss sued the artificial intelligence startup in order to block it from transitioning to a profit-making firm.

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

He posted on X: “No thank you but we will buy Twitter for $9.74 billion if you want.”

Musk, also the world’s richest man, posted a one word response of “swindler” on X.

He then called the OpenAI founder “Scam Altman”.

Musk bought Twitter for $44billion (£35.5bn) in 2022 before changing its name to X.

It ramps up an increasingly bitter and extraordinarily public battle between the two tech bosses.

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

He left shortly after Altman set up a profit arm to attract investment and has complained OpenAI has gone against its original mission.

Since then OpenAI has attracted billions of investment from Microsoft and Japanese firm Softbank.

Last October it was valued at $157billion.

Musk led a consortium who put in a secret $97.4billion (£78.7billion) bid for OpenAICredit: Getty

Related Posts

Dark criminal past of historic $167.3m Powerball winner who was arrested days after snatching jackpot & used it for bail

A POWERBALL winner who scored a multi-million dollar prize has spent over three decades in and out of jail. James Shannon Farthing, 50, won Kentucky’s largest lottery jackpot, walking away with a…

Heartbroken Cristiano Ronaldo says ‘it doesn’t make sense’ in emotional tribute to Diogo Jota after his death

HEARTBROKEN Cristiano Ronaldo said “it doesn’t make sense” as he paid an emotional tribute to Diogo Jota following his Portugal team-mate’s tragic death. The Liverpool star, 28, died alongside…

Family, friends & Liverpool teammates gather for Diogo Jota & brother Andre’s funeral in Portugal after tragic car crash

FAMILY, friends and Liverpool teammates have gathered for Diogo Jota and his brother André Silva’s funeral in Portugal after Thursday’s tragic car crash. It comes after family and…

𝗟𝘂𝗰𝘆 𝟮 (𝟮𝟬𝟮𝟱)

Scarlett Johansson regresa como Lucy, la superhumana evolucionada cuyo viaje a la trascendencia fue solo el comienzo. Ambientada años después de los eventos de la primera película, Lucy…

𝗣𝗿𝗶𝘀𝗼𝗻 𝗕𝗿𝗲𝗮𝗸 𝗦𝗲𝗮𝘀𝗼𝗻 𝟲 (𝟮𝟬𝟮𝟲)

Han pasado años desde que Michael Scofield desapareció de la vista pública, dado por muerto tras desmantelar una conspiración global de operaciones encubiertas. Pero cuando una señal cifrada…

𝗧𝗵𝗲 𝗙𝗹𝗼𝗼𝗱 (𝟮𝟬𝟮𝟯)

The Flood (2023) es un thriller psicológico británico que combina elementos de survival horror con un intenso drama humano. Ambientada durante una inundación catastrófica, la película explora el…

Leave a Reply

Your email address will not be published. Required fields are marked *