The rivalry between OpenAI CEO Sam Altman and Tesla CEO Elon Musk has escalated further, with OpenAI’s board reportedly rejecting a $97 billion takeover bid from Musk. The bid, led by an investor group backing Musk, aimed to merge OpenAI with xAI, Musk’s private AI venture.
This latest development marks another chapter in Musk’s ongoing feud with OpenAI, a company he co-founded in 2015 but left before it transitioned into a for-profit entity.
\ud83d\udccc OpenAI Rejects Musk’s Takeover Offer
\ud83d\udd39 Sam Altman circulated an internal memo stating that OpenAI’s board has no interest in Musk’s offer.
\ud83d\udd39 The report, originally from The Information, suggests OpenAI’s 10-person board stands behind Altman.
\ud83d\udd39 Musk had reportedly offered $97 billion to acquire OpenAI and merge it with xAI.
\ud83d\udccc Altman’s Response to Musk
\ud83d\udd39 Altman humorously rejected the offer on X, saying:
\u27a1\ufe0f “No thank you but we will buy Twitter for $9.74 billion if you want.”
\ud83d\udd39 Musk fired back, calling Altman a “swindler” on X.
\ud83d\udccc Musk’s Increasing Criticism of OpenAI
\ud83d\udd39 Musk has accused OpenAI of abandoning its non-profit mission and prioritizing commercial interests.
\ud83d\udd39 In November, Musk pushed a legal motion to block OpenAI from converting into a for-profit company.
\ud83d\udccc Musk’s AI Ambitions & xAI
\ud83d\udd39 xAI, Musk’s rival AI startup, is developing Grok, a chatbot integrated into X (formerly Twitter).
\ud83d\udd39 Musk aims to position xAI as a transparent and open-source alternative to OpenAI’s GPT models.
\ud83d\udca1 For AI & Tech Investors
\u2705 OpenAI remains independent, ensuring competition in the AI industry.
\u2705 Musk’s xAI continues to challenge OpenAI, potentially impacting AI market dynamics.
\u2705 AI investments and M&A deals in the space are heating up, with major players vying for dominance.
\ud83d\udca1 For the AI Industry
\u2705 OpenAI’s decision signals board confidence in Altman’s leadership despite Musk’s attacks.
\u2705 The rejection reinforces OpenAI’s commitment to its current growth path, focusing on monetizing AI models like GPT-4.
\u2705 Musk’s criticism fuels debates on AI ethics, profit motives, and the direction of AI development.
\ud83d\udd0d Track AI Market Trends With:
\ud83d\udccc Financial Growth API – Analyze AI companies' revenue trends.
\ud83d\udccc Company Rating API – Compare OpenAI’s valuation against AI competitors like NVIDIA (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT).
OpenAI’s rejection of Musk’s takeover bid underscores its independent vision and highlights the deepening rivalry between Altman and Musk. As AI competition intensifies, this battle is far from over—expect more twists as both sides push their vision for the future of artificial intelligence.
