Musk-led group makes $97.4bn bid for ChatGPT maker OpenAI

SigmaTao writes: !--l. 10-->

A consortium led by Elon Musk has made a $97.4 billion bid to take over OpenAI, the maker of ChatGPT. The bid is the latest development in a long-standing dispute between Musk and OpenAI CEO Sam Altman over the future of the company.

Key Points:

• The bid is backed by Musk's AI company xAI and several private equity firms.
• OpenAI is valued at $300 billion, according to recent talks over a funding round.
• Musk's attorney has stated that the consortium is prepared to consider matching or exceeding any higher bid.
• Musk is also teaming up with Oracle, a Japanese investment firm, and an Emirati sovereign wealth fund to build $500 billion of AI infrastructure in the US through the Stargate Project.