Elon Musk, the CEO of Tesla and SpaceX, has led a group of investors in making a $97.4 billion offer to purchase OpenAI's assets. This move was reported by The New York Times and marks Musk's latest challenge to OpenAI, a company he co-founded nearly a decade ago.
OpenAI's CEO, Sam Altman, humorously responded to Musk's offer on X (formerly Twitter), suggesting that OpenAI could buy Twitter for $9.74 billion instead.
The consortium backing Musk's bid includes Vy Capital, Musk's AI company xAI, and Hollywood power broker Ari Emanuel, among others. The offer is unsolicited and could potentially disrupt OpenAI's ongoing efforts to secure a $40 billion funding deal led by SoftBank, which would value OpenAI at $300 billion.
Musk and Altman have had a contentious relationship, with Musk previously filing a lawsuit against OpenAI for prioritizing profits over its nonprofit mission. A federal judge recently indicated that parts of this lawsuit might go to trial.
In a related development, former President Donald Trump announced a $500 billion AI infrastructure investment through a partnership involving OpenAI, Oracle, and SoftBank. Musk criticized the venture, while Altman supported it, urging Musk to prioritize America's interests.
Elon Musk is a famous businessman who started companies like Tesla, which makes electric cars, and SpaceX, which builds rockets. He is known for his big ideas and trying to change the world.
OpenAI is a company that works on creating smart computer programs, called artificial intelligence (AI), that can do things like talk to people or write stories.
Sam Altman is the CEO of OpenAI, which means he is the boss of the company. He helps make important decisions about what the company should do.
A bid is an offer to buy something, usually for a lot of money. In this case, Elon Musk and his friends want to buy OpenAI for $97.4 billion.
Vy Capital is a company that invests money in other companies to help them grow. They are part of the group trying to buy OpenAI.
xAI is another company that is interested in artificial intelligence, and it is part of the group of investors led by Elon Musk.
SoftBank is a big company from Japan that invests in technology companies around the world. They have a deal to give OpenAI $40 billion.
Trump's AI initiative is a plan started by former US President Donald Trump to spend $500 billion on developing artificial intelligence technology.
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