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Elon Musk Leads $97.4 Billion Bid to Take Over OpenAI

OpenAI CEO Sam Altman rejected a $97.4 billion takeover bid from Elon Musk and investors aiming to restore its nonprofit status.
Elon Musk Leads $97.4 Billion Bid to Take Over OpenAI
The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data in Boston on March 9, 2023. Michael Dwyer/AP Photo
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

A group of investors led by tech billionaire Elon Musk is offering $97.4 billion to take over OpenAI.

Musk’s attorney, Marc Toberoff, confirmed that the bid—backed by Musk’s AI startup, xAI, and a consortium of investment firms—aimed to take control of OpenAI and reinstate its founding commitment to serving the public good rather than operating as a for-profit enterprise.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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