Musk-Led Group Makes $155 Billion Bid to Buy OpenAI
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Details
- Date Published
- 10 Feb 2025
- Priority Score
- 4
- Australian
- Yes
- Created
- 8 Mar 2025, 02:41 pm
Description
Investors led by billionaire Elon Musk are reportedly offering $US97.4 billion ($A155.2 billion) to buy the nonprofit that controls OpenAI.
Summary
A consortium led by Elon Musk is proposing a $155 billion acquisition bid for OpenAI, marking a significant development in the AI industry. Musk aims to revert OpenAI to its original open-source and safety-centric mission, aligning with existential AI safety concerns about ensuring AI benefits humanity. This move intensifies the debate over the alignment of AI technology with safety and ethical standards at a time when AI advancements rapidly evolve. The acquisition, if successful, could reshape governance models in AI, particularly if merged with Musk's AI company xAI, potentially influencing global AI policy discussions, including those relevant to Australia.
Body
AdvertisementTechMusk-led group makes $155b bid to buy OpenAIAAPFeb 11, 2025, updatedFeb 11, 2025ShareTech billionaire Elon Musk is reported to be leading a bid to buy the company that controls OpenAI.Photo: GettyA consortium of investors led by billionaire Elon Musk is reportedly offering $US97.4 billion ($A155.2 billion) to buy the nonprofit that controls artificial intelligence startup OpenAI.The offer, reported inThe Wall Street Journal,intensifies a long-standing 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 lawyer, Marc Toberoff, said he submitted the bid to OpenAI’s board on Monday (US time), according to the report.“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” the newspaper cited Musk as saying in a statement provided by Toberoff.“We will make sure that happens.”OpenAI, Musk, Toberoff and OpenAI-backer Microsoft 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, theWSJreported.Musk cofounded OpenAI with Altman in 2015, but left before the company took off. He later founded the competing AI startup xAI in 2023.OpenAI is trying to transition into a for-profit from a nonprofit entity, which it says is required to secure the capital needed for developing the best artificial intelligence models.Last year, Musk filed a lawsuit against OpenAI and Altman, saying that OpenAI’s founders originally approached him to fund a nonprofit focused on developing AI to benefit humanity, but that it was now focused on making money.Topics:Artificial Intelligence,Elon MuskShareFollow The New DailyAdvertisementMore Tech>TechMusk blames cyberattack for series of X outagesTechApple launches ‘age assurance’ technologyTechLabor pledges nationwide mobile coverageTechHackers may have stolen IVF patients’ personal dataTechWe are in the era of the 'Aldification' of solarUSElon Musk’s ‘smartest AI on earth’ ready to goTechHate speech on X surged after Musk takeoverTechRevolutionary AI tool helps to free up hospital bedsTechMusk-led group makes $155b bid to buy OpenAI