Musk fails with $97.4 billion offer for OpenAI!

Musk fails with $97.4 billion offer for OpenAI!

OpenAI, the leading artificial intelligence company, has rejected a massive $97.4 billion takeover offer from a consortium led by billionaire Elon Musk. As CEO Bret Taylor announced on Friday evening, OpenAI is not for sale. The board unanimously rejected Musk's latest attempt to influence his competition. The dispute between Musk and OpenAI boss Sam Altman, who both founded the company as a nonprofit organization in 2015 to develop “safe artificial general intelligence,” has reached a new level with this move, as well the daily mirror reported.

Insights into the background

Elon Musk, who left OpenAI in 2018 before the organization he co-founded became the for-profit entity OpenAI LP, plans to merge his own AI company xAI with OpenAI, further fueling the dispute. Altman is considering reducing the nonprofit's influence on the subsidiary to generate more capital for AI research. These strategic decisions have been criticized by Musk, who took legal action against OpenAI last year, further increasing the rivalry between the two sides.

By rejecting the takeover, OpenAI shows that it wants to maintain its independence. Musk's massive offer is seen as an attempt to gain control of the technology to develop supposedly "superior intelligence." This could have far-reaching implications for the future competitive landscape in the field of artificial intelligence, as in the words of oe24 is determined.