Get the latest tech news
These are the investors funding Musk’s $97 billion OpenAI takeover attempt
As if Elon Musk doesn't have enough going on, a consortium of investors led by him announced plans Monday for what appears to be a hostile takeover of
The investor group offered nearly $97.4 billion to buy all of OpenAI’s assets and is “prepared to consider matching or exceeding higher bids,” it said in a press release sent to TechCrunch. , founder Gavin Baker spent 18 years at Fidelity where he made his first investment in SpaceX. Some say this is Musk’s attempt to drive up the price that Altman’s team would have to pay to buy OpenAI’s underlying assets in order to restructure it from its original nonprofit status.
Or read this on TechCrunch