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OpenAI Swiftly Rebuffs Musk's Surprise $97.4 Billion Buyout Attempt
Elon Musk on Monday led a consortium of investors in making a $97.4 billion unsolicited offer to acquire ChatGPT maker OpenAI's nonprofit arm...
Elon Musk on Monday led a consortium of investors in making a $97.4 billion unsolicited offer to acquire ChatGPT maker OpenAI's nonprofit arm – only to face immediate rejection from CEO Sam Altman. In a message to employees reported by WSJ, Altman reassured staff that OpenAI's structure prevents any individual from taking control of the company, describing Musk's offer as "tactics to try and weaken us because we are making great progress." The bid's investor group included other backers such as Atreides Management, Vy Capital, and 8VC, a venture firm led by Palantir co-founder Joe Lonsdale, along with Hollywood executive Ari Emanuel's investment fund.
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