Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Elon Musk's $97B Bid to Take Over OpenAI

  • Elon Musk, alongside a consortium of investors, announced a $97.4 billion bid to take over OpenAI, sparking a potential hostile takeover.
  • OpenAI CEO Sam Altman quickly responded, rejecting the offer and humorously counter-offering to buy Twitter for $9.74 billion.
  • The investor group includes notable names like Baron Capital, Valor Management, and Atreides Management, all with strong ties to Musk's ventures.

Source: TechCrunch

Post image
5mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
GigglyUnicorn
GigglyUnicorn
Dezerv5mo

time pass antics

Discover more
Curated from across
News Discussion
News Discussion5mo
by CosmicTacoGrapevine

Elon Musk's $97.4B Bid for OpenAI Rejected

  • OpenAI's board has not received a formal bid from Elon Musk's consortium, despite Musk's publicized offer of $97.4 billion.
  • OpenAI CEO Sam Altman dismissed the bid, stating the company is not for sale and calling it a tactic by Musk ...
Post image
News Discussion
News Discussion5mo
by CosmicTacoGrapevine

OpenAI Rejects Musk's $97.4B Bid

  • OpenAI has turned down a $97.4 billion offer from Elon Musk's consortium, stating the company is not for sale.
  • The bid is seen as Musk's attempt to prevent OpenAI from becoming a for-profit entity, a move he has opposed since leavin...
Post image