Sam Altman has made it clear that OpenAI is not up for sale, dismissing a $97.4 billion bid from an investor group led by Elon Musk.
Altman's Stance on OpenAI
Altman reiterated his position at an AI summit in Paris, stating to various media outlets that "The company is not for sale, neither is the mission."
Resistance to Musk's Bid
When asked if OpenAI could resist Musk's bid, Altman mentioned that the board would make the final decision on the matter.
Elon Musk's Persistence
Altman highlighted Elon Musk's previous attempts to gain control of OpenAI, referring to it as a recurring theme.
Recent Developments
A back-and-forth between Altman and Musk ensued following Musk's bid for control of OpenAI, the company behind ChatGPT.
Offer Details
Musk and his investor group, which includes X.AI, submitted an offer for all assets of OpenAI, Inc. The bid was confirmed by lawyer Marc Toberoff.
Reactions and Responses
Musk emphasized the importance of OpenAI returning to its open-source roots, while Altman hinted at potential alternative acquisitions.
Valuation and Investor Backing
OpenAI's valuation reached $157 billion in a recent funding round, with various investors supporting the bid to acquire the nonprofit.
Structural Changes and Criticisms
Musk has been critical of OpenAI's shift to a for-profit model, leading to legal disputes between him, Altman, and the company.
Future Implications
The impact of Musk's bid on OpenAI's proposed structural change remains uncertain, as the company aims to become a more sustainable entity.
OpenAI continues to navigate challenges and criticisms as it strives to uphold its mission in the ever-evolving landscape of AI technology.
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By: kvlamis@businessinsider.com (Kelsey Vlamis,Effie Webb)
Title: Sam Altman Affirms OpenAI is Not for Sale Despite $97.4 Billion Bid by Elon Musk-led Group
Sourced From: www.businessinsider.com/sam-altman-elon-musk-97-billion-bid-openai-2025-2
Published Date: Tue, 11 Feb 2025 11:43:33 +0000
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