The tech billionaire Elon Musk leads a consortium which submitted a $97.4 billion offer to purchase OpenAI the creator of ChatGPT. Through his attorney Marc Toberoff Elon Musk announced an offer to acquire every asset controlled by AI giant OpenAI which triggered renewed tensions between himself and OpenAI CEO Sam Altman.
OpenAI continues facing increasing tension between its founder Elon Musk and CEO Sam Altman who leads the company toward implementing a profit-making model. The departure of Musk from OpenAI occurred in 2018 as he emphasized the company maintained its original purpose to develop AI technology that benefited people but he now opposes a financial-based model. According to Altman the transformation process is crucial because it allows the organization to secure financial backing for its advanced AI development initiatives.
Altman posted an ironic response to the bid on X by saying “We decline your offer but would purchase Twitter for $9.74 billion if you so choose.” This exchange highlights the growing breach between these two industry-leading tech companies. 
The consortium consisting of chemical AI firm xAI and private equity groups Baron Capital Group and Valor Management evaluates OpenAI at a lower value than its estimated $300 billion worth. Musk’s team guaranteed they will meet or outperform other offers because according to them “Musk uniquely holds the power to protect and expand OpenAI’s technology,” the team stated.
OpenAI continues to progress its mission with its $500 billion Stargate Project which endeavors to construct the biggest AI infrastructure in the United States through its partnership with Oracle and Japanese investment and Emirati sovereign wealth funds.
With his recent bid Musk enters an intensified battle to control a leading technological player in the technology industry.
