Musk and Investors offer $97.4 billion to control OpenAI: WSJ | Real Time Headlines

Elon Musk Leading a group of investors to buy control of Openai for $97.4 billion, Wall Street Journal Reported on Monday.

The journal reports that the bid was to oversee nonprofits that oversee artificial intelligence startups, adding that Musk’s attorney Marc Toberoff said he made the proposal on Monday.

WSJ quoted Musk’s statement provided by Toberoff, saying: “It’s time to get Openai back to open source, and security-centric forces were once what they were.”

exist Post on X“No, thank you, but we will buy Twitter for $9.74 billion if you want,” Openai CEO Sam Altman wrote.

Musk is the top consultant President Donald Trumpis in a fierce legal and public relations battle with Altman. They are two co-founders of OpenAI in 2015, establishing the entity as a nonprofit focused on AI research.

Since then, Openai has become the giant that generates AI, launching Chatgpt in 2022 and investing in new tools and infrastructure for the next generation of AI products and services. Soft Silver yes Close to final confirmation Sources told CNBC’s David Faber last week that a $40 billion investment was invested at a $260 billion valuation.

Musk now has a competitor in the AI ​​market, a startup called XAI, Prosecuted Openaiaccusing it of violating antitrusts and trying to avoid converting it into a for-profit company.

Meanwhile, Openai teamed up with SoftBank and Oracle to announce a project called Stargate after Trump’s inauguration, which calls on companies to invest billions of dollars in AI infrastructure in the U.S.

Musk’s proposal is backed by XAI, and if a deal is to be concluded, the Wall Street Journal report may merge with Openai. Other investors in the bidding include Valor Equity Partners, Baron Capital, 8VC and Ari Emanuel’s investment funds, the report said.

Toberoff wrote to the attorney general of California and Delaware on January 7, demanding that bids be opened to Openai.

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