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In a surprising move, Elon Musk, the CEO of Tesla and founder of xAI, has made an unsolicited bid of $97.4 billion to acquire OpenAI, the artificial intelligence company renowned for developing ChatGPT. This offer was promptly dismissed by OpenAI’s CEO, Sam Altman, who responded with a succinct “No, thank you” on the social media platform X (formerly Twitter).
Musk’s proposal aimed to revert OpenAI to its original open-source and safety-centric mission. His attorney, Marc Toberoff, stated that the goal was to return the company to its foundational charitable objectives.  In response to Altman’s rejection, Musk criticized him publicly, referring to Altman as a “swindler” and dubbing him “Scam Altman” on X.
The relationship between Musk and Altman has been strained since Musk’s departure from OpenAI’s board in 2018. Musk has been openly critical of OpenAI’s shift towards a for-profit model, alleging that the company has strayed from its initial charitable mission in favor of profitability.
Altman, on the other hand, has dismissed Musk’s offer as a tactic to disrupt OpenAI. He emphasized that the company is not for sale and suggested that the bid was an attempt to interfere with OpenAI’s operations.
This development highlights the ongoing tension between Musk and Altman and raises questions about the future direction of OpenAI, especially concerning its mission and governance structure.
Key Points on Elon Musk’s $97 Billion OpenAI Bid and Its Rejection
1. Musk’s Offer: Elon Musk and a group of investors made a $97.4 billion bid to acquire OpenAI, aiming to return the company to its original open-source mission.
2. Immediate Rejection: OpenAI’s CEO, Sam Altman, quickly dismissed the offer with a blunt response: “No, thank you” on social media.
3. Musk’s Criticism: After the rejection, Musk publicly attacked Altman, calling him “Scam Altman” and accusing him of betraying OpenAI’s original mission.
4. Long-Standing Feud: Tensions between Musk and OpenAI have been ongoing since Musk left OpenAI’s board in 2018. He has frequently criticized the company for prioritizing profits over safety.
5. Altman’s Response: Altman suggested that Musk’s offer was not serious but rather an attempt to “mess with” OpenAI and disrupt its operations.
6. Governance and Future Questions: The rejection raises questions about OpenAI’s future direction, corporate governance, and mission, especially as AI safety concerns grow.
Conclusion
Elon Musk’s $97.4 billion bid for OpenAI highlights the deep divisions within the AI industry regarding ethics, transparency, and corporate control. While Musk aimed to restore OpenAI’s original open-source vision, Sam Altman’s swift rejection suggests that the company remains firmly committed to its current trajectory.
This clash underscores Musk’s long-standing criticism that OpenAI has become too profit-driven and raises concerns about the concentration of AI power in private hands. However, Altman’s response signals that OpenAI sees Musk’s move as an attempt to disrupt rather than genuinely reform the company.
As AI continues to shape the future, this battle between profitability and open-access AI development will likely intensify, influencing the broader debate over who controls the most powerful technology of the 21st century.
Attached is a news article regarding Elon musk 97 billion bid for chat GPT
https://www.cbsnews.com/amp/news/elon-musk-open-ai-offer-97-billion-sam-altman/
Article written and configured by Christopher Stanley
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