Elon Musk Bids for Sam Altman’s OpenAI, Owner of ChatGPT
Australian Financial Review
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Details
- Date Published
- 11 Feb 2025
- Priority Score
- 3
- Australian
- No
- Created
- 8 Mar 2025, 01:04 pm
Description
A consortium of investors led by billionaire Elon Musk is reportedly offering to buy the nonprofit that controls artificial intelligence start-up OpenAI, in a move that was quickly rejected by its chief executive Sam Altman.
Summary
Elon Musk, leading a consortium of investors, has reportedly offered $97.4 billion to acquire the nonprofit governing OpenAI, underlining ongoing tensions around OpenAI's future direction. This significant bid, reported by the Wall Street Journal and quickly dismissed by OpenAI CEO Sam Altman, highlights Musk's persistent interest in steering the trajectory of AI technology development. The article underscores the strategic importance of OpenAI in the rapid expansion of generative AI capabilities, while indirectly touching on the broader discussions about the control and governance of AI technologies that could impact global safety and policy frameworks.
Body
TechnologyAIPrint articleReutersUpdatedFeb 11, 2025 – 9.45am,first published at8.07amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginA consortium of investors led by billionaire Elon Musk is reportedly offering $US97.4 billion ($155 billion) to buy the nonprofit that controls artificial intelligence start-up OpenAI, in a move that was quickly rejected by its chief executive Sam Altman.The offer - reported by theWall Street Journal- intensifies a longstanding battle between OpenAI CEO Sam Altman and Musk over the future of the start-up at the heart of a boom in generative AI technology.Loading...ReutersSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginFollow the topics, people and companies that matter to you.Find out moreRead MoreAIElon MuskMergers & acquisitions outlookSam AltmanFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions