The post Elon Musk makes a bid to buy OpenAI for $97 billion, Sam Altman says “No, thank you.” appeared on BitcoinEthereumNews.com.

After what feels like an eternity of beefing with OpenAI, Elon Musk now wants the tech giant back under his control, and he’s willing to spend $97.4 billion to get it. Today, Elon’s legal team, led by attorney Marc Toberoff, submitted the official bid to OpenAI’s board, according to the Wall Street Journal. Elon, who co-founded OpenAI in 2015 but left the organization three years later, says he’s returning to “restore” the company’s original mission of open-source AI and public safety. “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Elon said through Toberoff. “We will make sure that happens.” OpenAI CEO Sam Altman was quick to respond, publicly via Elon’s own X account, saying, “No thank you but we will buy Twitter for $9.74 billion if you want.” As you might know, OpenAI moved its structure from a nonprofit to a capped-profit model in 2019, triggering criticism from Elon and others who believe its mission became too commercially driven. OpenAI has a valuation target of $300 billion and a projected $11.6 billion in revenue this year. But while Elon plots a takeover, Sam is pushing a different vision for the company’s future. In a recent blog post, Altman proposed a “compute budget,” an ambitious plan to ensure global access to AI. Sam said the idea is to allow “everyone on Earth to use a lot of AI,” while preventing the technology from being hoarded by a few powerful companies or nations. But he also warned that AI could worsen inequality if left unchecked. “The balance of power between capital and labor could easily get messed up,” he wrote. OpenAI aims for mainstream AI adoption Elon’s takeover bid comes just as OpenAI takes its marketing to new heights. The company spent $14 million…

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Filed under: News - @ February 10, 2025 10:18 pm