A group of investors, led by American billionaire Elon Musk, has offered $97.4 billion to take control of OpenAI, a move that, according to The Wall Street Journal (WSJ), has escalated his feud with the company’s CEO, Sam Altman.
The newspaper reports that Musk’s lawyer, Mark Toberoff, submitted the offer today to OpenAI’s board of directors.
Although the offer was unsolicited, it could disrupt Altman’s future plans for OpenAI, which include transforming the company into a profitable enterprise and investing up to $500 billion in AI infrastructure through “Stargate,” a joint venture in which Altman holds a stake, Fox News reports.
no thank you but we will buy twitter for $9.74 billion if you want
— Sam Altman (@sama) February 10, 2025
Musk previously helped launch OpenAI, where Altman now serves as CEO, but he no longer has any ties to the company.
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“No, thanks, but…”
“No, thanks, but we can buy Twitter for $9.74 billion if you’d like,” Altman responded on X.
Musk quickly fired back, calling Altman a “fraud” and adding, “Never a dull moment on X.”
Musk was a co-founder of OpenAI but cut ties with the company in 2018 after failing to persuade its leadership to make him the head of OpenAI’s for-profit entity or merge the company with Tesla.
Musk and Altman are now battling in court over OpenAI’s future direction. Both originally launched OpenAI as a nonprofit organization in 2015.
When Musk left, Altman became CEO, and the company created a for-profit subsidiary to attract funding from investors and Microsoft.
Now, Altman wants to turn that subsidiary into a traditional corporation, WSJ reports.
Last month, U.S. President Donald Trump announced a massive $500 billion infrastructure project called “Stargate.”
Major players, including SoftBank, OpenAI, and Oracle, are joining forces to build data centers in the U.S. for further AI development.
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Source: Euronews, Foto: EPA-EFE