A day after Elon Musk surprised everyone with a $97 billion offer to buy Openai’s assets, CEO Sam Altman revealed to staff that the board was not interested. In a message seen by anyone familiar with the issue, Altman called Musk’s “estimated “bid”” and lined up with his open mission to develop advanced AI for humanity. They are lined up at.
Openai’s 10-member board seems firmly behind Altman. Musk has worked for months to shut down Openai’s for-profit division that develops ChatGpt and other tools. Musk argues the move will shorten nonprofits.
By Tuesday, things had escalated. Altman accused Musk of trying to slow the competition. Speaking to CNBC, Altman said Musk’s $97.4 billion proposal was more about “slowing down competitors” than anything else.
When asked how seriously he took mask bids, he had already rejected them in a post on X – Altman replied, “Not particularly so.”
“I think it’s about slowing down your competitors and catching up with him, but I really don’t know… to the extent that everyone does,” he added at the AI Action Summit in Paris.
Musk’s offer, confirmed by CNBC, is led by a group of investors seeking to manage Openai’s nonprofit organization that oversees the startups behind ChatGpt.
“Now is the time for the opening to return to open source, a power focused on safety,” CNBC said the offer was filed Monday, citing Musk’s attorney Mark Toberov.
Mask has its own AI company Xai, which created the chatbot Grok.
CNBC contacted Toberoff, Tesla and X for comments.
“I’m not the one who tweeted about fundraising.”
Altman says Openai lacks funds to contribute to President Donald Trump’s Stargate joint venture, which is set to invest billions in US computing infrastructure for AI development I did not refrain when working on previous proposals.
Announcing last month, Stargate is said to be rolling out $100 billion soon. Musk questioned whether the companies involved have sufficient capital and said “they don’t actually have the money.”
Altman’s reaction? Pointy jab: “I’m not the one who secured funding. I’m actually trying to show up and build.”
This is a clear shot of Musk’s infamous 2018 tweet claiming he was “funding” to make Tesla private at $420 per share. The tweet sparked an investigation by the SEC due to its impact on Tesla’s stock price. Musk and Tesla settled with the SEC, each paying a $20 million fine, and Musk resigned as chairman.
Thank you, but I’ll buy Twitter for $9.74 billion if necessary
– Sam Altman (@sama) February 10, 2025
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