Elon Musk and a group of investors have submitted a $97.4 billion bid to acquire OpenAI, the company behind ChatGPT. The offer was presented to OpenAI’s board on Monday, according to the Wall Street Journal.
An investor group led by Elon Musk has offered $97.4 billion to acquire OpenAI, with Musk’s attorney Marc Toberoff submitting the bid on his behalf.
Musk, who co-founded OpenAI in 2015, left in 2018 after failing to gain control of the company. Since then, he has been a vocal critic of OpenAI’s shift from a nonprofit to a for-profit structure, arguing that the company abandoned its original mission of open-source AI development.
Under CEO Sam Altman, OpenAI has grown into a $100 billion company, backed by major investors like Microsoft and venture capital firms. Musk has previously sued OpenAI, accusing it of prioritizing profits over safety, though OpenAI countered with evidence suggesting Musk had once supported the need for large-scale funding.
In a statement provided by his attorney, Musk said the acquisition would ensure OpenAI returns to being a “safety-focused force for good.”
OpenAI has not formally responded to the offer, and Reuters reports that the company declined to comment on the bid.
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