Elon Musk-led group makes $97.4b offer for control of OpenAI: report
A consortium of investors led by Elon Musk has submitted a $97.4 billion bid to buy control of OpenAI.
The Wall Street Journal quotes Musk’s attorney Marc Toberoff saying he formally presented the offer to OpenAI’s board of directors.
The move could disrupt CEO Sam Altman’s plan to turn OpenAI into a for-profit company and invest $500 billion in AI infrastructure through the Stargate project.
Musk now serves as the head of the U.S. Department of Government Efficiency, a task force aiming to streamline federal operations and reduce wasteful spending.
Altman and Musk co-founded OpenAI as a nonprofit in 2015, but after Musk’s 2019 departure, Altman led its shift toward a for-profit model.
Altman responded on X, saying “no thank you, but we will buy Twitter for $9.74 billion if you want.”
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