OpenAI CEO
Sam Altman firmly rejected
Elon Musk’s for the company's assets, stating that OpenAI is not for sale, calling the Tesla CEO a 'competitor who is not able to beat’ the Microsoft-backed tech company.
“OpenAI is not for sale. OpenAI's mission is not for sale - to say nothing of the fact that, like, a competitor who is not able to beat us in the market and you know, instead is just trying to say, like, 'I'm gonna buy this’ with total disregard for the mission is a likely path there,” Altman told Axios at the AI Action Summit in Paris.
Altman characterised Musk’s bid as the latest in a series of attempts by him to gain control of OpenAI.
“There's been like versions of Elon trying to, you know, somehow take control of OpenAI for a long time, so, it's like, okay, here's this week's episode,” Altman said.
Elon Musk’s $97.4 billion offer to buy OpenAI
Earlier in the day, a report by The Wall Street Journal suggested that Musk led a $97.4 billion bid to buy OpenAI. The offer was submitted to OpenAI's board this week through Musk's attorney Marc Toberoff, threatening to complicate Altman's plans to convert OpenAI into a for-profit entity and pursue a massive AI infrastructure project called Stargate.
Altman quickly dismissed the takeover attempt saying, “no thank you but we will buy twitter for $9.74 billion if you want.” Musk fired back, calling Altman a “Swindler” and later posting “Scam Altman.”
The bid is backed by Musk’s AI company xAI along with investors, including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, and Endeavor CEO Ari Emanuel, the report said.
“It's time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens,” Musk later said.
Elon Musk’s litigation against OpenAI
Musk’s offer follows ongoing litigation against OpenAI, where he alleged that the organisation has deviated from its original mission, which he supported as a co-founder.
Regarding OpenAI's recent restructuring, Altman clarified that the board has not yet determined a valuation for the company's operations. He also addressed what he perceives as inaccurate reporting surrounding the board's plans.