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Sam Altman rejects the offer of $ 97.4 billion led by Elon Musk for Openai

William by William
February 10, 2025
in Business
0
Sam Altman rejects the offer of $ 97.4 billion led by Elon Musk for Openai
  • A group of investors led by Elon Musk wants to buy OPENAI for $ 97.4 billion.
  • “It is time for Openai to return to the open-source force and focusing for good that it was once,” wrote Musk.
  • In a tweet, Sam Altman wrote “No thank you” and suggested Openai Buy X instead.

Sam Altman and Elon Musk took a back and forth on X on Monday during the $ 97.4 billion offer from the latter to buy Openai.

Musk and a group of investors, including his IA X.AI company, submitted the unsolicited offer on Monday to the Board of Directors of Openai. Marc Toberoff, a lawyer representing the group, confirmed the offer in a press release provided to Business Insider. The press release indicates that the offer concerned “all assets” of Openai, Inc.

“At X.AI, we live according to the values ​​that promised me that OpenAi would follow. We have made the open source of Grok, and we respect the rights of content creators,” Musk said in the press release. “It is time for OpenAi to return to the open source force and focused on good. We will make sure that this happens.”

The donors of the offer – who were reported for the first time by the Wall Street Journal – include Baron Capital Group, Inc., Valor Management LLC, Atreids Management, LP, VY FUND III, LP, Emanuel Capital Management, LLC and eight VC, LLC partners.

Shortly after the news of the offer, Altman seemed to answer in an article on X, writing: “No thanks but we will buy Twitter for $ 9.74 billion if you wish.”

Musk replied: “Swindler.”

Openai representatives did not respond to a request for BI comments.

businessinsider

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