Elon Musk didn’t have $43 billion to buy Twitter back in 2022, but he ended up sealing the deal—with a little help from deep-pocketed friends and corporate allies. Now he wants to spend more than twice that amount to take over OpenAI, the artificial intelligence company he co-founded and later abandoned.

A consortium of investors led by Musk offered $97.4 billion to acquire the nonprofit that controls OpenAI, according to documents reviewed by The Wall Street Journal. Musk’s attorney, Marc Toberoff, submitted the bid to OpenAI’s board of directors on Monday, the Journal reported.

The move, legit or bluff, appears to be a counterattack to OpenAI CEO Sam Altman’s carefully orchestrated plans to convert his nonprofit company into a for-profit firm. The organization already pledged to complete this transition by late 2026 as part of a $6.6 billion funding round that valued it at $157 billion last October.

“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement provided by his attorney to the Journal. OpenAI did not immediately respond to requests for comment.

Go to Source to See Full Article
Author: Jose Antonio Lanz

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details