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Musk-led group proposes to buy OpenAI for $97.4 bn; Altman says 'no'

Business Standard LogoBusiness Standard9h ago

Musk-led group proposes to buy OpenAI for $97.4 bn; Altman says 'no' - Business Standard

Quick Summary:

Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, according to Musk's attorney Marc Toberoff.

A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found.

Musk bought Twitter, now called X, for $44 billion in 2022.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 06:58:27 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26059666

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 306 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

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Publisher ID: #49

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