Investors Funding Musk’s $97 Billion OpenAI Takeover Attempt

Elon Musk leads a $97 billion bid to acquire OpenAI, facing strong resistance from CEO Sam Altman.

Matilda

Investors Funding Musk’s $97 Billion OpenAI Takeover Attempt

As if Elon Musk's plate wasn't already overflowing, a consortium of investors, spearheaded by the tech mogul himself, unveiled plans on Monday for what appears to be a hostile takeover of OpenAI. This audacious move has sent shockwaves through the tech world, raising questions about the future of artificial intelligence and the power dynamics at play. The investor group, demonstrating a clear intent to play hardball, has offered a staggering $97.4 billion to acquire all of OpenAI's assets. Their commitment is further underscored by their statement that they are "prepared to consider matching or exceeding higher bids," signaling a willingness to engage in a potentially fierce bidding war. This bold financial maneuver underscores the group's confidence in the potential of OpenAI and their determination to bring it under their control. However, OpenAI CEO Sam Altman isn't going down without a fight. His immediate and pointed response on X (formerly Twitter…

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