Elon Musk has reignited his feud with OpenAI CEO Sam Altman, mockingly calling him 'Scam Altman' during a Senate testimony. Musk criticized Altman for lacking equity in OpenAI. This public dispute has intensified with Musk’s $97.
The mild-mannered entrepreneur finds himself at the center of an Elon Musk takeover drama for the second time.
The escalating feud between Elon Musk and OpenAI CEO Sam Altman took a dramatic turn on Monday as Altman responded to Musk’s $97.4 billion bid to acquire OpenAI with a counter-offer of his own: a tongue-in-cheek proposal to purchase Twitter, now X, for $9.74 billion.
Musk and the consortium made the $97.4 billion offer to buy the nonprofit that controls OpenAI, writes the Wall Street Journal. The group wants all of
Elon Musk says he will drop his $97.4 billion bid for OpenAI on one condition: CEO Sam Altman must ditch his plan to make it for-profit
Elon Musk recently attempted an unsolicited takeover of OpenAI that was rejected. Now the creator of ChatGPT wants to make sure that any future coups from the world's richest man won't be successful.
"Special voting rights could keep power in the hands of its nonprofit arm in future and so address the Tesla chief's criticisms that Altman and OpenAI have moved away from their original mission of creating powerful AI for the benefit of humanity," the FT wrote.
Elon Musk’s unsolicited $97 billion bid for OpenAI‘s assets has created a valuation challenge for the artificial intelligence leader, potentially complicating its planned transition to a for-profit structure.
Sam Altman said that Elon Musk’s “insecurity” was a factor in his decision to make a hostile $97.4 billion bid to take control of OpenAI.
On Monday, Toberoff disclosed that Musk was leading a group of investors in offering to buy control of OpenAI for $97.4 billion. The offer, which Toberoff said he submitted Monday, was for the nonprofit that oversees the developer of ChatGPT.
"No thank you but we will buy twitter for $9.74 billion if you want," wrote Altman on social media. Altman's offer to take over X is one-tenth of the price offered by Musk to buy OpenAI. This reflects the company's devaluation. In 2022, Musk took over X for $44 billion.
OpenAI is changing how it trains AI models to explicitly embrace "intellectual freedom … no matter how challenging or controversial a topic may be," the
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