Musk offered 97.4 billion yuan to acquire OpenAI! Sam Altman instantly refused and retorted: Then I'll use 9.74 billion yuan to buy X (Twitter)

A group of investors led by TSL CEO Musk proposed a $97.4 billion acquisition of the AI chatbot ChatGPT developer OpenAI, far below OpenAI's $300 billion valuation. OpenAI CEO Sam Altman swiftly rejected the offer and sarcastically suggested acquiring Twitter for $97.4 billion, mocking the significant decrease in Twitter's Market Cap. Musk-led investors consortium proposed a $97.4 billion acquisition to control the non-profit organization OpenAI. Musk's lawyer, Marc Toberoff, submitted a bid to OpenAI's board on Monday. Musk's acquisition proposal was rejected, adding complexity to Altman's future plans for OpenAI, including transforming it into a for-profit company and investing up to $500 billion in AI infrastructure through the Stargate joint venture, sparking a legal battle between Musk and Altman. Musk issued a statement suggesting OpenAI return to Open Source, emphasizing safety, to which Altman swiftly responded on Twitter, declining the proposal and offering to acquire Twitter for $97.4 billion. Musk's acquisition of OpenAI received support from his AI startup xAI, which may merge with OpenAI post-transaction. Several investors, including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, and 8VC, as well as Hollywood firm Endeavor CEO Ari Emanuel, supported the acquisition. Altman and Musk have had long-standing disagreements on OpenAI's direction since co-founding it in 2015. Altman is seeking to transform the subsidiary into a traditional company, splitting the non-profit organization, but the valuation remains a major challenge. Toberoff stated that Musk's investor consortium is prepared to match or exceed any higher bids. If OpenAI insists on becoming a fully for-profit company, fair compensation should be given to the charity for what the leadership took from OpenAI: control of the most revolutionary technology of our time.