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 buy OpenAI, escalating tensions in the battle between Musk and CEO Sam Altman.

Billionaire Elon Musk - Photo: REUTERS

On February 10, Mr. Marc Toberoff - lawyer of billionaire Elon Musk - said he had sent a proposal to buy 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 its open-source, safety-focused model. We’re going to make sure that happens,” Musk said in a statement.

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

Mr. Musk then publicly called Mr. Altman a “fraud” on social network X. In addition, he also repeatedly responded to user comments and called the OpenAI operator “fraudulent Altman.”

According to the New York Times, billionaire Musk's offer to buy OpenAI has escalated years of tensions related to artificial intelligence (AI) between Tesla executives and OpenAI CEOs.

The offer also poses a major obstacle to OpenAI's leadership's plans to shape the company's future, including converting OpenAI into a for-profit company.

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

By 2019, Mr. Musk had left and Mr. Altman had become CEO. Mr. Altman then created a for-profit subsidiary of OpenAI, which he used as a vehicle to raise capital from Microsoft and other investors.

Mr. Altman is currently in the process of converting this subsidiary into a traditional business, but is still facing some difficulties due to the complex structure of the OpenAI apparatus, as well as the valuation of this organization is still a difficult problem.

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