Elon Musk makes a substantial bid to acquire control of OpenAI, while Sam Altman rejects the offer amidst ongoing tensions.
Elon Musk has extended a bid of approximately $97.4 billion to gain control of OpenAI, the artificial intelligence research organization he co-founded with Sam Altman in 2015. Despite Musk's significant offer, Altman has publicly declined, humorously referencing Musk's past decision to purchase X (formerly Twitter) for over four times that amount.
The ongoing tensions between Musk and Altman have escalated into a noteworthy public dispute, characterized by social media exchanges and press statements.
Musk has previously initiated legal action against Altman, alleging breaches of OpenAI's founding mission, which prioritizes the advancement of artificial intelligence for the benefit of humanity.
Musk's legal claims emphasize a concern that the organization has shifted focus toward profit over its foundational altruistic goals.
Musk's recent bid reportedly involves a consortium of investors, including notable firms such as Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, and 8VC, which is led by Palantir co-founder Joe Lonsdale.
Additionally, Hollywood producer Ari Emanuel is said to be involved in this coalition, bolstering Musk's efforts.
In response to the offer, Altman took to X to affirm his commitment to OpenAI and dismiss Musk's approach.
Musk, in turn, labeled Altman a “swindler,” continuing their public sparring.
The backdrop of this dispute highlights the broader implications of their endeavors, particularly as both figures have significant influence in the rapidly evolving domain of artificial intelligence.
Musk has also established his own AI venture, xAI, which may be positioned to integrate with OpenAI in the future.
In light of Altman’s ambitions for OpenAI to transition into a for-profit entity, which may involve significant investment in AI infrastructure through a joint venture initiative known as Stargate, the situation remains in flux.
This initiative reportedly includes backing from major players like Oracle, SoftBank, and UAE-based investment firm MGX, while President
Donald Trump has also been associated with its promotion.
Musk's criticisms of Stargate have included assertions about its financial backing, which he claims is insufficient for its intended scope.
Altman has countered these assertions, marking a continued level of public engagement between the two leaders.
The ongoing altercation between Musk and Altman serves as a reminder of the intricate interplay between technological advancement and the ambitions of influential figures in the industry.