Elon Musk Offers to Buy OpenAI for $97.4 Billion in Unsolicited Bid: Report

Elon Musk and a consortium of investor have made an unsolicited play of $ 97.4 billion for a control interest in the non - profit that go OpenAI , harmonise to a new report from theWall Street Journal .

Musk and his attorney did not straight off respond to questions from Gizmodo on Monday but tell the Wall Street Journal that , “ It ’s fourth dimension for OpenAI to return to the open - generator , safety gadget - focused force for good it once was . We will make trusted that happens . ”

The move may throw a wrench in plans by OpenAI CEO Sam Altman to officially make OpenAI a for - profit entity . To say that Musk and Altman are enemies feels like a number of an understatement at this point . The two man founded OpenAI together back in 2015 but Musk was push out in 2019 after he reportedly attempt to take control of the AI society . And the two man have been in litigation ever since their feud spill out in public over recent age .

Elon Musk, left, and Sam Altman, center, during the “What Will They Think of Next? Talking About Innovation” event at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 6, 2015 in San Francisco, California.

OpenAI was establish as a non - profit but create a for - profit entity in 2019 under Altman to stir money with company like Microsoft . And Musk claims seek to make OpenAI entirely for - profit is a violation of its original mission . OpenAI has countered in courtroom by showing off emails that suggest Musk was more than happy to abandon the AI company ’s non - profit status before he left . OpenAI has antecedently sound out it would wish to discharge the transition into a for - profit entity by tardy 2026 , but it ’s not clear how Musk ’s bid might mumble up the whole caboodle .

The command for OpenAI is being back by Musk ’s AI caller , Nevada - based xAI . If Musk ’s bid is successful the two companies could be merged , the Journal report . Musk ’s statement on score OpenAI “ yield ” to being undefendable germ and prophylactic - focalize notably does n’t include a word about remaining a non-profit-making .

Other investing partners , fit in to the Journal , let in Valor Equity Partners , Baron Capital , Atreides Management , and Vy Capital . 8VC , a venture firm controlled by Palantir atomic number 27 - founder Joe Lonsdale , is also ask . Ari Emanuel , the brother of Democratic political might player Rahm Emanuel , is also demand , concord to the Journal .

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While Musk has arguably become the most powerful person in the state , having help guarantee Donald Trump the White House in the November election , Altman has been doing his own deals to make trusted he ’s not cut out of the oligarchy shell game . The OpenAI CEO appeared at the White House on January 21 , the day after Trump ’s startup , to help annunciate the creation ofProject Stargate , a much - hyped AI substructure project that will fund information centers and other necessary tech to make artificial intelligence agency tools work properly .

OpenAI did n’t immediately respond to a petition for comment Monday . But we ’re sure they ’re not too happy about Musk ’s bid . The question now is whether the OpenAI board can ferment it down . The Journal notes that Musk ’s attorney says they ’re prepared to meet or outperform any other offer for OpenAI that may get along forwards . And while it ’s not clear who else may bid for the company , you may bet other sept would surely be interested in one of the hottest companies of late years .

For what it ’s deserving , minutes after the WSJ ’s story was published , Sam Altmantweeted : “ no give thanks you but we will buy twitter for $ 9.74 billion if you want . ”

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