Elon Musk's $97bn Bid for OpenAI Rejected by CEO Sam Altman
The bid from Elon Musk and his consortium of investors was met with a firm rejection from OpenAI CEO Sam Altman, who stated that the company is "not for sale" in an on-stage interview. The bid valued OpenAI at $97.4bn, significantly lower than its estimated valuation of $300bn in recent funding rounds. This decision maintains control of the cutting-edge AI technology within the company.
- Musk's rejected offer underscores the complex dynamics between founders and investors in the tech industry, particularly in companies with dual non-profit and for-profit structures like OpenAI.
- Can Sam Altman's commitment to maintaining OpenAI's independence and mission impact its long-term competitive edge in the rapidly evolving landscape of AI development?