The rivalry between former colleagues intensifies as OpenAI CEO Sam Altman rejects Elon Musk’s $97.4 billion offer to acquire the company, responding with a sarcastic offer to buy the X platform instead.
Elon Musk Opens New Battlefront with Sam Altman Over OpenAI
On Monday, billionaire Tesla CEO Elon Musk escalated his feud with Sam Altman, announcing that his investment group has made a $97.4 billion bid to acquire Altman’s artificial intelligence company, OpenAI.
Sponsored
The artificial intelligence firm behind ChatGPT is in the early stages of raising up to $40 billion in a new funding round, which could value the company at $340 billion .
“No, thank you. But we will buy Twitter for $9.74 billion if you want”, Altman mocked wreback in his X post.
Musk, who bought Twitter in 2022 for $44 billion, responded with a single word: “Swindler.”
According to The Wall Street Journal, which first reported Musk’s bid, the unsolicited offer complicates Altman’s plans to transition OpenAI from a non-profit to a for-profit entity.
From Co-Founder to Rival: Musk’s Ongoing Battle with OpenAI
Tesla CEO and close Donald Trump ally Elon Musk has been locked in an ongoing feud with Sam Altman, repeatedly suing San Francisco-based OpenAI.
Musk co-founded OpenAI in 2015 as a non-profit dedicated to developing AI for the benefit of humanity. A few years later, the billionaire sued the company, accusing it of abandoning its original non-profit mission and restricting access to its most advanced AI technologies for private clients.
However, Musk dropped the lawsuit months later after OpenAI released old emails related to his involvement in the company’s founding.
Musk left OpenAI in 2019, and after his departure, the company became a global leader in artificial intelligence and one of the most valuable startups in the world.
On the Flipside
- OpenAI argues that restructuring is necessary to secure funding and remain competitive in AI, with plans to complete the transition by 2026.
Why This Matters
The conflict between Elon Musk and Sam Altman revolves around the direction of OpenAI and the fundamental principles of AI development.
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