Musk-led group makes $97.4 billion bid for control of OpenAI, WSJ reports

Quick Summary:

:A consortium led by Elon Musk offered $97.4 billion to buy the nonprofit that controls OpenAI, the Wall Street Journal reported on Monday, months after the billionaire sued the artificial intelligence startup to block it from transitioning to a for-profit firm.

The bid is being backed by Musk's AI company xAI, which could merge with OpenAI following a deal, the WSJ reported.

Musk cofounded OpenAI with Altman in 2015, but left before the company took off.

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Category: EconomyBusiness

Markets: Singapore

Topics: Openai Musk-led Makes Startup Group Altman Musk Billion Reported Nonprofit Toberoff

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 04:47:12 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26051653

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Official Website: channelnewsasia.com

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