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Sam Altman shuts down Elon Musk’s $97.4 billion bid for OpenAI: ‘No thank you’, makes counter offer for X

Livemint

Livemint · 8m ago

Sam Altman shuts down Elon Musk’s $97.4 billion bid for OpenAI: ‘No thank you’, makes counter offer for X

Elon Musk, backed by his company xAI and several investors, offered $97.4 billion to buy OpenAI's non-profit arm. This proposal intensified the rivalry with OpenAI, as Musk criticized OpenAI for straying from its original mission. OpenAI CEO, Sam Altman, publicly rejected the bid, humorously suggesting buying Musk’s X platform instead. OpenAI, co-founded by Musk and Altman, evolved from its non-profit roots to form a for-profit structure, prompting further disagreement between the two.

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OpenAI apparently hasn’t actually received Elon Musk’s acquisition offer.

The Verge

The Verge · 8m ago

OpenAI apparently hasn’t actually received Elon Musk’s acquisition offer.

Elon Musk proposed acquiring OpenAI for $97.4 billion, but OpenAI's board, including Sam Altman, has not received an official offer. The board plans to reject the bid if it materializes, as per unnamed sources. OpenAI employees reportedly reacted to the news with fear and exasperation.

OpenAI apparently hasn’t actually received Elon Musk’s acquisition offer.

The Verge

The Verge · 8m ago

OpenAI apparently hasn’t actually received Elon Musk’s acquisition offer.

Elon Musk offered to acquire OpenAI for $97.4 billion, but OpenAI has not received a formal proposal. Sam Altman informed employees that the board, which he is part of, has no official offer and plans to reject the bid if it comes. OpenAI staff reacted with fear and frustration over Musk's acquisition news.

Companies News Today Live Updates on February 11, 2025: Elon Musk-led group's $97.4 billion bid for control of nonprofit OpenAI raises stakes in AI battle with Sam Altman

Livemint

Livemint · 8m ago

Companies News Today Live Updates on February 11, 2025: Elon Musk-led group's $97.4 billion bid for control of nonprofit OpenAI raises stakes in AI battle with Sam Altman

Elon Musk's group has made a $97.4 billion bid to gain control of the nonprofit OpenAI, intensifying the competition with Sam Altman in the AI industry. This move highlights significant developments in corporate strategy, with a focus on financial performance, acquisitions, and leadership changes across various sectors. These updates reflect transformations in the business landscape, showcasing critical mergers and evolving market dynamics.

Why are Elon Musk and Sam Altman fighting?

Inshorts · 8m ago

Why are Elon Musk and Sam Altman fighting?

Elon Musk co-founded OpenAI with Sam Altman in 2015 but later parted ways with OpenAI. Musk repeatedly attacked Altman for prioritising profits over AI's ethical development. In 2017, Musk sought to become OpenAI's CEO, but co-founders rejected the idea. Musk launched OpenAI's rival xAI in 2023. Recently, Musk offered to buy OpenAI for $97.4 billion, but Altman rejected the offer.

Viral video: Sam Altman blasts Elon Musk says, ‘his whole life is from a position of insecurity’ | Mint

Livemint

Livemint · 8m ago

Viral video: Sam Altman blasts Elon Musk says, ‘his whole life is from a position of insecurity’ | Mint

Sam Altman and Elon Musk, once allies in creating OpenAI, are now fierce rivals. Musk recently attempted a $97.4 billion takeover of OpenAI's non-profit arm, which was rejected. Altman criticized Musk, describing him as "insecure" and "unhappy" during a Bloomberg interview. He asserted that OpenAI, with its mission, isn't for sale and suggested Musk's actions were attempts to hinder them competitively. Altman once expressed interest in acquiring Twitter for $9.74 billion following Musk's $44 billion purchase.

Musk sought Zuckerberg help for OpenAI bid, court filing shows - The Economic Times

Economic Times

Economic Times · 2m ago

Musk sought Zuckerberg help for OpenAI bid, court filing shows - The Economic Times

Elon Musk attempted to involve Mark Zuckerberg in a $97.4 billion bid for OpenAI, as revealed in a court filing. Musk communicated with Zuckerberg regarding potential financing or investment for OpenAI, but Zuckerberg did not join. OpenAI's court request seeks Meta's documents related to any OpenAI bid, citing internal and communication relevancy for the case. Meta argued against sharing documents, stating OpenAI should request relevant information directly from Musk and his startup.

Elon Musk's lawyers try to stop OpenAI obtaining bid documents from Meta, filing shows - The Economic Times

Economic Times

Economic Times · 1m ago

Elon Musk's lawyers try to stop OpenAI obtaining bid documents from Meta, filing shows - The Economic Times

Elon Musk's lawyers are attempting to prevent OpenAI from acquiring documents from Meta concerning Musk’s $97.4 billion bid for OpenAI. Despite OpenAI's claims of a targeted request, tensions persist with lawsuits alleging Musk’s attempts to harm OpenAI. A jury trial is scheduled for 2026. Meta contends relevant documents should be sought directly from Musk, asserting OpenAI’s discovery requests are expansive. OpenAI seeks to probe communications around the bid, citing oral communications as Musk's defense.

If Altman returns as CEO, OpenAI board will be gutted: Elon Musk

Economic Times

Economic Times · 1y ago

If Altman returns as CEO, OpenAI board will be gutted: Elon Musk

Tech billionaire Elon Musk commented on the potential return of Sam Altman as the CEO of OpenAI, stating that if Altman does come back, the board will be "gutted." Musk made the comment in response to a screenshot posted on X, where an AI chatbot discussed the situation with Altman and his possible return. The OpenAI board is reportedly in discussions with Altman, who was previously fired, about him resuming the CEO role, with potential governance changes being considered.

Elon Musk’s Lawyers Claim He ‘Does Not Use a Computer’

Wired · 4m ago

Elon Musk’s Lawyers Claim He ‘Does Not Use a Computer’

In a court filing for Elon Musk's lawsuit against Sam Altman and OpenAI, Musk's lawyers claimed he "does not use a computer." However, evidence and Musk's own posts suggest otherwise. Musk, who owns xAI, sued OpenAI in 2024 for breach of contract. Despite primarily using his mobile phone, Musk has referenced using laptops. Public posts show his engagement with computers for personal and professional purposes, contradicting the claims made in the court documents.

Sam Altman, OpenAI will reportedly back a startup that takes on Musk’s Neuralink | TechCrunch

TechCrunch · 2m ago

Sam Altman, OpenAI will reportedly back a startup that takes on Musk’s Neuralink | TechCrunch

Sam Altman is reportedly co-founding Merge Labs, a brain-to-computer interface startup potentially backed by OpenAI, to rival Elon Musk's Neuralink. Merge Labs aims to innovate how humans interact with technology, possibly heralding the "singularity"—the merging of humans with tech. Neuralink, founded by Musk, is developing brain-implant chips for those with paralysis. Talks about Merge Labs are ongoing, with no formal announcement, as both Altman and Musk pursue transforming human-tech interaction.

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