Musk-led group offers $97.4bn for OpenAI takeover; Sam Altman gives counter-offer

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AI

OpenAI takeover

If true, such a significant bid by Elon Musk and other investors to acquire OpenAI’s controlling nonprofit could indeed create a major power struggle with CEO Sam Altman. OpenAI’s nonprofit status and its transition to a for-profit model have been key aspects of its mission, as the organization was originally founded with the goal of ensuring artificial intelligence benefits all of humanity. A $97.4 billion offer is massive and could complicate OpenAI’s existing $40 billion funding efforts.

This development could bring into question OpenAI’s governance structure, priorities, and commitment to its stated mission of ensuring safe and equitable AI deployment. It could also impact its research and development direction. The clash between investor interest and OpenAI’s mission-driven approach could lead to internal friction, particularly if different visions for the company’s future are at stake.

Ultimately, the outcome would likely depend on how the nonprofit’s board responds, whether they accept or reject the bid, and what compromises (if any) are made in terms of control and the alignment of goals between stakeholders.