Elon Musk offers $97.4 billion to buy OpenAI, calls Sam Altman a 'fraud'.

A group of investors led by Elon Musk has just offered $97.4 billion to acquire OpenAI, increasing tensions in the ongoing battle between Musk and CEO Sam Altman.

Billionaire Elon Musk - Photo: REUTERS

On February 10th, Marc Toberoff, lawyer for billionaire Elon Musk, announced that he had submitted an offer to acquire all of OpenAI's assets to the company's board of directors, according to the Wall Street Journal .

“It’s time for OpenAI to return to being an open-source model and focus on safety as it was before. We will make sure that happens,” Musk said in a statement.

In response to the offer from Musk's team, OpenAI CEO Sam Altman wrote on social media: "No, thank you, but we will buy X for $9.74 billion if you want."

Later, Musk publicly called Altman a "fraud" on social media. He also repeatedly responded to user comments, referring to the OpenAI executive as "Altman the fraud."

According to the New York Times, billionaire Musk's offer to acquire OpenAI has escalated years of tension over artificial intelligence (AI) between the Tesla executive and the OpenAI CEO.

Furthermore, the offer also creates a major obstacle to OpenAI's leadership team's plans to shape the company's future, including transforming OpenAI into a for-profit company.

In 2015, Altman and Musk co-founded OpenAI as a non-profit organization focused on AI research.

In 2019, Musk left and Altman became CEO. Altman then established a for-profit subsidiary of OpenAI, which served as a tool to raise capital from Microsoft and other investors.

Altman is currently in the process of transforming this subsidiary into a traditional business, but he is still facing some difficulties due to the complex structure of OpenAI, as well as the fact that valuing the organization remains a challenging problem.

Source: https://tuoitre.vn/elon-musk-ra-gia-97-4-ti-usd-mua-openai-goi-sam-altman-la-ke-lua-dao-20250211110553618.htm