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Elon Musk and investors reportedly proposing $97.4 billion bid for OpenAI control, according to WSJ


Elon Musk and a group of investors have made a bid to buy control of OpenAI for $97.4 billion, aiming to return the nonprofit to its open-source, safety-focused roots. This bid comes after a heated exchange between Musk and OpenAI CEO Sam Altman, with Musk calling Altman a “swindler” and “Scam Altman.” OpenAI, originally founded by Musk and Altman in 2015, has become a major player in generative AI and has attracted investments from companies like SoftBank.

Musk is also facing competition in the AI market from a startup called xAI, which he is suing OpenAI for antitrust violations. OpenAI is involved in a project called Stargate with SoftBank and Oracle, investing in AI infrastructure in the U.S. Musk’s bid for OpenAI is backed by xAI and other investors, who are pushing for transparency in the bidding process for the nonprofit.

Overall, the situation with OpenAI, Musk, and other investors reflects the increasing importance of AI technology and the fierce competition in the industry. Musk’s bid to buy control of OpenAI highlights the desire for ethical and open-source AI development, while also indicating the potential financial gains to be made in the market. The outcome of this bid could have significant implications for the future of AI research and development.

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