In a dramatic escalation of Silicon Valley’s most heated AI rivalry, Elon Musk just announced that he’s leading a $97.4 billion bid to buy OpenAI’s nonprofit arm, according to The Wall Street Journal. The bid was reportedly delivered to the board Monday morning.
The offer brings together a powerful coalition of backers, including Musk’s own AI company xAI and venture heavyweights like Valor Equity Partners, Hollywood mogul Ari Emanuel, and Palantir co-founder Joe Lonsdale’s venture firm 8VC.
“It’s time for OpenAI to return to the…

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