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Elon Musk’s $97bn offer for OpenAI rejected – Sam Altman fires back

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OpenAI stays impartial as CEO Sam Altman rejects Elon Musk’s $97bn takeover bid, reaffirming the corporate’s dedication to its mission
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Elon Musk has been informed a agency ‘No, thanks’ after providing a staggering $97 billion (£78.4bn) to purchase OpenAI.

CEO Sam Altman made it clear that the AI large will not be on the market—and he didn’t cease there.

In a quick-witted reply on X (previously Twitter), Altman shot again: “No thanks, however we’ll purchase Twitter for $9.74 billion if you need.”

Talking on the AI Motion Summit in Paris, Altman doubled down, telling reporters: “We’re completely happy to purchase Twitter, although.” It was a direct jab at Musk, whose chaotic takeover of Twitter (now X) has been broadly criticised.

A feud years within the making

Musk and Altman’s rivalry goes again years. The 2 had been co-founders of OpenAI in 2015, however Musk walked away from the board in 2018 after shedding an influence wrestle over the corporate’s path. Since then, he has repeatedly criticised OpenAI, claiming it has deserted its unique mission as a non-profit analysis lab for the general public good.

Musk even sued OpenAI, arguing that it had grow to be too industrial. In the meantime, he launched his personal AI firm, xAI, to compete with ChatGPT and different OpenAI initiatives.

His newest takeover try was supposedly geared toward restoring OpenAI to a non-profit, however few within the tech world consider that was his true motive.

What’s subsequent for OpenAI?

Altman is urgent forward with plans to completely restructure OpenAI right into a for-profit mannequin, arguing that the shift is critical to draw funding and hold creating cutting-edge AI.

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When requested whether or not Musk’s newest authorized and monetary strikes may gradual issues down, Altman remained unfazed: “The board will resolve what to do. The non-profit will proceed to play a robust function.”

For the reason that launch of ChatGPT in late 2022, OpenAI has been on the coronary heart of the AI revolution. One factor is definite—Elon Musk gained’t be working the present.

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