In a dramatic escalation of Silicon Valley’s most heated AI rivalry, Elon Musk simply introduced that he’s main a $97.4 billion bid to purchase OpenAI’s nonprofit arm, in response to The Wall Road Journal. The bid was reportedly delivered to the board Monday morning.
The supply brings collectively a strong coalition of backers, together with Musk’s personal AI firm xAI and enterprise heavyweights like Valor Fairness Companions, Hollywood mogul Ari Emanuel, and Palantir co-founder Joe Lonsdale’s enterprise agency 8VC.
“It’s time for OpenAI to return to the open-source, safety-focused drive for good it as soon as was,” Musk mentioned in a press release supplied by his lawyer Marc Toberoff to The Wall Road Journal. “We’ll guarantee that occurs.”
The bid additionally provides a big layer of complexity to OpenAI’s deliberate for-profit conversion, as Musk’s staff has promised to match or exceed any increased affords. This creates a thorny state of affairs for Altman, who’s already navigating negotiations with Microsoft and different stakeholders over fairness within the deliberate for-profit construction.
Shortly after the information was introduced, Altman posted on X: “no thanks however we are going to purchase twitter for $9.74 billion in order for you.”
OpenAI pointed to Altman’s put up when requested for remark. Toberoff didn’t instantly reply to a request for remark.
