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Elon Musk offers to buy OpenAI, Sam Altman says 'no thank you but we will buy twitter'

Musk and investors have offered $97.4 billion to purchase OpenAI.
Sam Chandler
Sam Chandler
2

The board of OpenAI, the company behind ChatGPT, has received an offer from Elon Musk and investors to purchase the company.

Elon Musk pulling a face and pointing his thumbs out to his side

Elon Musk and investors have offered to purchase OpenAI for $97.4 billion according to reports from CNBC and Wall Street Journal. The offer was submitted to the board on Monday. Marc Toberoff, Elon Musk’s attornery, offered a statement from Musk, stating, “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was.”

Sam Altman has taken to X (formerly Twitter) with his response: “no thank you but we will buy twitter for $9.74 billion if you want”. In September 2022, Twitter (TWTR) shareholders voted to approve Elon Musk’s $44 billion buyout of the company. Since the purchase, Twitter has undergone a dramatic change, the least of which is changing the name from Twitter to X.

Musk responded to Sam Altman, calling him a swindler and in a separate post referred to him as Scam Altman.

Recently, Softbank has added another $1.5 billion to its investment in OpenAI. This was part of another round of funding where OpenAI secured $6.5 billion in funding, raising its valuation to $157 billion. This would indicate that Musk’s $97.4 billion offer is a bit shy of the company’s value.

As for Musk’s own venture into AI, he’s recently stated he wants to create an AI video game studio and that his xAI is to “understand reality”. Be sure to keep it locked to Shacknews as we bring you the latest on OpenAI and Elon Musk’s other bids and actions.

Head of Guides
Head of Guides

Hailing from the land down under, Sam Chandler brings a bit of the southern hemisphere flair to his work. After bouncing round a few universities, securing a bachelor degree, and entering the video game industry, he's found his new family here at Shacknews as Head of Guides. There's nothing he loves more than crafting a guide that will help someone. If you need help with a guide, or notice something not quite right, you can message him on X: @SamuelChandler 

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