A consortium led by Elon Musk announced on Monday that it has offered $97.4 billion to acquire the non-profit organization overseeing OpenAI, the creator of ChatGPT.<\/p>\n
This initiative is believed to be the latest move in Musk’s efforts to prevent his artificial intelligence venture from transitioning to a for-profit model.<\/p>\n
Musk’s offer is expected to escalate the ongoing tension with OpenAI CEO Sam Altman over the direction of the ChatGPT maker as a leader in the field of generative AI.<\/p>\n
In response to Musk’s offer, Sam Altman posted on X, “No thank you, but if you want, we’ll buy Twitter for $9.74 billion.”<\/p>\n
Musk co-founded OpenAI as a non-profit organization with Altman in 2015 but later resigned due to disagreements over the company’s management. In 2023, he launched xAI, a rival artificial intelligence initiative.<\/p>\n
Musk is a close ally of President Donald Trump. He contributed over $250 million to support Trump’s election and now heads the Department of Government Efficiency (DOGE), a newly created White House unit focused on significantly reducing federal bureaucracy.<\/p>\n
Recently, Musk criticized the $500 billion OpenAI-led Stargate artificial intelligence initiative announced by Trump at the White House.<\/p>\n
Meanwhile, OpenAI is working to transition from a non-profit to a for-profit organization, arguing that this change is necessary to attract the investment needed to advance AI models.<\/p>\n","protected":false},"excerpt":{"rendered":"
A consortium led by Elon Musk announced on Monday that it has offered $97.4 billion to acquire the non-profit organization overseeing OpenAI, the creator of ChatGPT. This initiative is believed to be the latest move in Musk’s efforts to prevent his artificial intelligence venture from transitioning to a for-profit model. Musk’s offer is expected to […]<\/p>\n","protected":false},"author":1,"featured_media":7759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[176],"tags":[5970,5445,6377,2122,4374,5877,5878,319,2282,6372,6374,87,6376,6371,4371,5394,6276,6373,6375,2087,2325,6370],"class_list":["post-7758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-america","tag-acquisition","tag-ai-models","tag-ai-venture","tag-artificial-intelligence","tag-chatgpt","tag-department-of-government-efficiency","tag-doge","tag-donald-trump","tag-elon-musk","tag-for-profit","tag-generative-ai","tag-investment","tag-musk-altman-feud","tag-non-profit","tag-openai","tag-sam-altman","tag-stargate","tag-takeover-bid","tag-tech-rivalry","tag-technology","tag-white-house","tag-xai"],"yoast_head":"\n