Shift

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<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/02/On-White-68.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/02/On-White-68-1024x576.jpg" alt="Elon Musk-led Group Offers $97.4 Billion to Buy OpenAI"></a>
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<p><strong>Key Points:</strong></p>
<ul>
 <li><em>Elon Musk-led group has offered to acquire control of OpenAI to restore its open-source mission.</em></li>
 <li><em>OpenAI CEO Sam Altman dismissed the offer, responding sarcastically on X, while Musk's lawsuit claims OpenAI has shifted focus from public good to profit.</em></li>
</ul>
<p><strong>Elon Musk-led group is in a bid to acquire control of OpenAI for $97.4 billion, according to reports. The offer targets the nonprofit overseeing the artificial intelligence company behind ChatGPT.</strong></p>
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<h2 class="wp-block-heading" id="elon-musk-led-group-offers-97-4-billion-bid-to-take-over-openai">Elon Musk-led Group Offers $97.4 Billion Bid to Take Over OpenAI</h2>
<p>The Elon Musk-led group includes his AI startup xAI, Baron Capital Group, Valor Management, Atreides Management, Vy Capital, Joe Lonsdale’s 8VC, and an investment entity led by Endeavor CEO Ari Emanuel.</p>
<p>Musk’s attempt to gain control of OpenAI intensifies ongoing tensions with CEO <a href="https://coincu.com/252615-sam-altman-net-worth/" target="_blank" rel="noopener noreferrer nofollow">Sam Altman</a>. Shortly after news of the bid emerged, Altman <a href="https://x.com/sama/status/1889059531625464090" target="_blank" rel="noopener noreferrer nofollow">responded</a> on X, saying, “No thank you, but we will buy Twitter for $9.74 billion if you want.”</p>
<h2 class="wp-block-heading" id="legal-battle-over-openai-s-shift-to-for-profit-model">Legal Battle Over OpenAI’s Shift to For-Profit Model</h2>
<p>The Tesla CEO co-founded OpenAI alongside Altman in 2015 as a nonprofit but later departed. In 2023, he launched xAI, a competing AI startup. OpenAI is currently in the process of transitioning into a for-profit entity, arguing that such a move is necessary to secure funding for advanced AI development.</p>
<p><a href="https://coincu.com/307218-us-treasury-transactions-elon-musk/" target="_blank" rel="noopener noreferrer nofollow">Musk</a> has been openly critical of OpenAI’s direction, previously filing a <a href="https://coincu.com/248864-elon-musk-sues-sam-altman/" target="_blank" rel="noopener noreferrer nofollow">lawsuit</a> against Altman and other company leaders in August last year. He accused them of prioritizing profit over public benefit, claiming that OpenAI had strayed from its original nonprofit mission. In November, he sought a preliminary injunction to prevent the company from restructuring into a for-profit model.</p>
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Elon Musk-led Group Offers $97.4 Billion to Buy OpenAI

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