Elon Musk-led group proposes buying OpenAI for $97 billion – OpenAI CEO says ‘no thank you’

(11 Feb 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
ARCHIVE: Butler, Pennsylvania – 5 October 2024
1. Various of Elon Musk on stage with U.S. President Donald Trump

ASSOCIATED PRESS
London – 11 February 2025
2. SOUNDBITE (English) Cara Rubinsky, The Associated Press:
"A group of investors led by Elon Musk is offering $97 billion to buy the non-profit behind the artificial intelligence company OpenAI. The consortium includes Elon Musk’s own AI start-up. OpenAI is best known as the maker of ChatGPT. "

ASSOCIATED PRESS
ARCHIVE: Tokyo, Japan – 3 February 2025
3. Various of OpenAI CEO Sam Altman on stage

ASSOCIATED PRESS
London – 11 February 2025
4. SOUNDBITE (English) Cara Rubinsky, The Associated Press:
"Musk doesn’t want OpenAI to be converted into a for-profit company, and he’s already sued to stop that from happening. He argues that OpenAI has betrayed the principles behind its founding as a non-profit research lab for the public good. A judge heard arguments last week, but hasn’t issued a ruling yet in the case. "

ASSOCIATED PRESS
ARCHIVE: Tokyo, Japan – 3 February 2025
5. Various of OpenAI CEO Sam Altman on stage

ASSOCIATED PRESS
London – 11 February 2025
6. SOUNDBITE (English) Cara Rubinsky, The Associated Press:
"OpenAI CEO Sam Altman went on the social platform X, which Musk owns, to reject the unsolicited bid for his company. "

ASSOCIATED PRESS
ARCHIVE: London – 4 February 2025
7. Various of laptop screen showing OpenAI’s deep research webpage with information about its features

ASSOCIATED PRESS
London – 11 February 2025
8. SOUNDBITE (English) Cara Rubinsky, The Associated Press:
"He instead offered to buy Twitter for about a quarter of what Musk paid for it."

ASSOCIATED PRESS
ARCHIVE: London – 4 February 2025
9. Close of ChatGPT search bar on laptop screen

ASSOCIATED PRESS
London – 11 February 2025
10. SOUNDBITE (English) Cara Rubinsky, The Associated Press:
"Altman and Musk have been in a feud about the direction of OpenAI since 2018. That’s when Musk resigned from the board of the company that he and Altman helped found in 2015."

STORYLINE:
A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial intelligence company that Musk helped found a decade ago.

Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, according to Musk’s attorney Marc Toberoff.

OpenAI CEO Sam Altman quickly rejected the unsolicited bid on Musk’s social platform X, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.”

Musk bought Twitter, now called X, for $44 billion in 2022.

Musk and Altman, who together helped start OpenAI in 2015 and later competed over who should lead it, have been in a long-running feud over the startup’s direction since Musk resigned from its board in 2018.

Musk, an early OpenAI investor and board member, sued the company last year, first in a California state court and later in federal court, alleging it had betrayed its founding aims as a nonprofit research lab that would benefit the public good by safely building better-than-human AI. Musk had invested about $45 million in the startup from its founding until 2018, Toberoff has said.

Lawyers for OpenAI and Musk faced off in a California federal court last week as a judge weighed Musk’s request for a court order that would block the ChatGPT maker from converting itself to a for-profit company.

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