Source: Elon Musk launches $100 billion hostile takeover of major tech rival | Daily Mail Online
Elon Musk is leading a group of investors offering to buy OpenAI for nearly $100 billion.
The takeover bid was submitted to OpenAI’s board of directors on Monday, Musk’s attorney Marc Toberoff told the Wall Street Journal.
Open AI is currently a non-profit run by Musk’s nemesis Sam Altman.
The tech entrepreneurs are currently locked in a legal battle about the future of the company, considered a leader in artificial intelligence research.
The maker’s of ChatGPT have not publicly responded to the unsolicited bid from Musk and his associates.
Musk’s audacious bid has thrown a spanner in Altman’s plans to turn OpenAI in to a for-profit company.
Toberoff told the Journal Musk’s investor group is prepared to match or exceed any higher bids that follow.
‘It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,’ Musk said in a statement to the Wall Street Journal.
