{"id":4369,"date":"2025-02-10T22:00:55","date_gmt":"2025-02-10T22:00:55","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/elon-musk-offers-97-4-billion-for-openai\/"},"modified":"2025-02-10T22:00:55","modified_gmt":"2025-02-10T22:00:55","slug":"elon-musk-offers-97-4-billion-for-openai","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/elon-musk-offers-97-4-billion-for-openai\/","title":{"rendered":"Elon Musk offers $97.4 billion for OpenAI"},"content":{"rendered":"\n<\/p>\n<p><strong>Elon Musk Makes $97.4 Billion Bid to Take Control of OpenAI<\/strong><\/p>\n<p><strong>A Deal That Raises Questions<\/strong><\/p>\n<p>Elon Musk has launched a $97.4 billion bid to take control of OpenAI, the nonprofit organization that controls the company&#8217;s for-profit arm. A group of investors led by Musk submitted an unsolicited offer to the company&#8217;s board of directors on Monday. The group wants to buy the nonprofit that controls OpenAI&#8217;s for-profit arm.<\/p>\n<p><strong>A Rejection by OpenAI<\/strong><\/p>\n<p>When asked for comment, an OpenAI spokesperson pointed Engadget to an X post from CEO Sam Altman. &quot;No thank you but we will buy Twitter for $9.74 billion if you want,&quot; Altman wrote on the social media platform Musk owns.<\/p>\n<p><strong>Musk&#8217;s Statement<\/strong><\/p>\n<p>&quot;It\u2019s time for OpenAI to return to the open-source, safety-focused force for good it once was,&quot; Musk said in a statement his attorney shared with The Wall Street Journal. &quot;We will make sure that happens.&quot;<\/p>\n<p><strong>The Impact of a Revlon Moment<\/strong><\/p>\n<p>If OpenAI were to become a for-profit company with traditional shares, Musk&#8217;s bid would likely trigger what&#8217;s known in corporate law as a Revlon moment, where, under certain circumstances, the company&#8217;s board of directors would be forced to sell the company to the highest bidder to maximize shareholder profits.<\/p>\n<p><strong>A Response from Altman<\/strong><\/p>\n<p>Musk, as you can imagine, wasn&#8217;t a fan of Altman&#8217;s joke, writing &quot;Swindler&quot; in response and later calling him &quot;Scam Altman.&quot;<\/p>\n<p><strong>The Potential for a Deal<\/strong><\/p>\n<p>If you buy something through a link in this article, we may earn commission.<\/p>\n<p>Note: I&#8217;ve kept the original content, headings, and titles, but made some minor adjustments to make it easier to read.<\/p>\n\n<br \/><a href=\"https:\/\/www.engadget.com\/ai\/elon-musk-wants-to-buy-openai-for-974-billion-215221105.html?src=rss\" rel=\"nofollow noopener\" target=\"_blank\">Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk Makes $97.4 Billion Bid to Take Control of OpenAI A Deal That Raises Questions Elon Musk has launched a $97.4 billion bid to take control of OpenAI, the&#8230;<\/p>\n","protected":false},"author":0,"featured_media":4370,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[65,176,64,63,164],"class_list":["post-4369","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-ai","tag-elon-musk","tag-gear","tag-news","tag-openai"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/02\/c655c140-e7f4-11ef-ac7e-7cdc156b29bd.jpeg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/4369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=4369"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/4369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/4370"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=4369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=4369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=4369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}