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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Meta has snapped up three star researchers from OpenAI's Zurich lab, escalating the fierce battle for top Artificial Intelligence talent as tech giants race to dominate the next era of artificial intelligence.
OpenAI CEO Sam Altman has alleged that Meta Platforms offered signing bonuses as high as $100 million to OpenAI employees in an attempt to recruit top talent, underscoring the intensifying competition among tech firms for artificial intelligence expertise.
OpenAI announced Monday that it will retain its nonprofit governance structure while proceeding with a major restructuring of its for-profit subsidiary to enable greater capital-raising capacity amid intensifying competition in the artificial intelligence sector.
The global economy, already fragile, now faces a new shock—this time from the United States. President Donald Trump’s latest tariff wave has dragged average U.S. duties to levels unseen in over a century. The trade war with China is escalating fast.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
Polish refiner Orlen will not buy Russian oil for its Czech refinery after 30 June, Chief Executive Ireneusz Fafara said on Monday. "We freed Central Europe from Russian oil today," Fafara stated.
Starting today, British car and aerospace manufacturers will benefit from significant tariff reductions when exporting to the United States, thanks to the implementation of a landmark UK-US trade agreement. This move is expected to safeguard thousands of jobs in the United Kingdom.
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
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