ET Explainer: Elon Musk-led group offers $97.4 billion to buy Open AI

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An Elon Musk-led consortium is offering approximately $97.4 billion to acquire OpenAI, escalating an ongoing legal conflict with the artificial intelligence company Musk once helped establish.

This move is part of Musk’s effort to regain control over the ChatGPT creator and steer it back to its original mission as a non-profit research lab that is focused on benefiting the public.

According to his attorney Marc Toberoff, Musk and a coalition of investment firms are determined to take over OpenAI and restore its non-profit status.

In response, OpenAI CEO…



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ET Explainer: Elon Musk-led group offers $97.4 billion to buy Open AI


An Elon Musk-led consortium is offering approximately $97.4 billion to acquire OpenAI, escalating an ongoing legal conflict with the artificial intelligence company Musk once helped establish.

This move is part of Musk’s effort to regain control over the ChatGPT creator and steer it back to its original mission as a non-profit research lab that is focused on benefiting the public.

According to his attorney Marc Toberoff, Musk and a coalition of investment firms are determined to take over OpenAI and restore its non-profit status.

In response, OpenAI CEO…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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