Elon Musk’s $97.4B Bid for OpenAI’s Nonprofit Arm: A High-Stakes Power Struggle in AI

Elon Musk’s $97.4B Bid for OpenAI’s Nonprofit Arm: A High-Stakes Power Struggle in AI The rivalry between two of the tech industry's most prominent figures, Elon Musk and Sam Altman, has reached a new peak. Musk, alongside a coalition of investors, has made an unsolicited $97.4 billion bid to take control of OpenAI’s nonprofit arm. This bold move not only intensifies the ongoing feud between Musk and OpenAI’s leadership but also raises questions about the future direction of AI research and commercialization. The Bid and Its Backers The offer, submitted by Musk’s attorney, is backed by major investment firms, including his own AI venture, xAI, along with Valor Equity Partners, Baron Capital, and other private investors. The bid arrives at a pivotal moment for OpenAI, which is currently transitioning from a nonprofit research lab to a for-profit entity, with SoftBank reportedly eyeing a $40 billion investment at a staggering $260 billion valuation. Musk, a co-founder of OpenA...