Elon Musk’s lawyer: Musk will withdraw the takeover bid for OpenAI if the company takes this sign off

Elon Musk’s lawyer: Musk will withdraw the takeover bid for OpenAI if the company takes this sign off

Elon Musk has offered to withdraw his $97.4 billion bid to acquire OpenAI‘s nonprofit arm if the organisation’s board agrees to preserve its charitable mission and halt its conversion to a for-profit entity. In a recent court filing, Musk’s lawyer stated that the offer is serious and that the nonprofit should be compensated at fair … Read more

Musk-led group offers $97.4bn for OpenAI takeover; Sam Altman gives counter-offer

Musk-led group offers .4bn for OpenAI takeover; Sam Altman gives counter-offer

A group of investors led by Elon Musk has made a $97.4 billion bid to acquire the nonprofit entity that controls OpenAI, escalating a long-running power struggle between Musk and OpenAI CEO Sam Altman over the future of artificial intelligence.The consortium includes Musk’s AI firm xAI, investment firm Vy Capital, and Hollywood power broker Ari … Read more