Elon Musk Offers Buying OpenAI For $97 Billion
Elon Musk’s investor group plans to purchase OpenAI for over $97 billion, intensifying a legal battle with the AI startup that Mr. Musk co-founded.
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Mr. Musk’s attorney, Marc Toberoff, claims that Musk and his AI startup, xAI, a group of investment firms, have expressed a desire to buy the company that created ChatGPT and restore it to its original nonprofit research lab purpose.
“No thanks,” said OpenAI CEO Sam Altman in response to Mr. Musk’s offer of the X social platform, “but if you want, we can buy Twitter for $9.74 billion.”.
Elon Musk, one of the co-founders of OpenAI, frequently attacks Sam Altman, accusing him of corrupting the company’s original goal of the rational development of artificial intelligence.
Since Musk left the board of OpenAI in 2018, he and Altman, who co-founded the company in 2015 and later fought over who should run it, have been embroiled in a protracted dispute over the business direction.
Musk, a board member and early investor in OpenAI, filed a lawsuit against the AI startup last year, first in a state court in California and then in a federal court, claiming it had violated its original goals as a public-benefitting nonprofit research lab.
Toberoff stated in court last week that Musk had contributed roughly $45 million to the startup between its inception and 2018.
Lawyers for Musk and OpenAI squared off in a federal court in California last week as a judge considered Musk’s request for a court order that would prevent the ChatGPT manufacturer from turning into a for-profit business.
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