Elon Musk-led group submits $97.4B bid for OpenAI

Elon Musk is leading a consortium of investors offering $97.4 billion to acquire OpenAI, the company he co-founded, aiming to revert it back to its original nonprofit mission. This unsolicited bid was submitted to OpenAI's board amid an ongoing legal dispute with CEO Sam Altman over the company's transition to a for-profit model. Musk has criticized this shift, arguing it betrays OpenAI's founding principles of safety and open-source development. Altman quickly dismissed the proposal on social media, humorously suggesting that OpenAI would consider purchasing Musk's X (formerly Twitter) for a fraction of the bid. Musk's legal battles with OpenAI and the launch of his own AI venture, xAI, have intensified competition in the AI space. The outcome of this bid could significantly impact OpenAI's future direction and its relationship with investors and the tech community.