Elon Musk-led group proposes buying OpenAI for $97.4 billion, as Sam Altman says 'no thank you'
1 month, 2 weeks ago

Elon Musk-led group proposes buying OpenAI for $97.4 billion, as Sam Altman says 'no thank you'

The Hindu  

A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. OpenAI CEO Sam Altman quickly rejected the deal on Musk's social platform X, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.” Musk bought Twitter, now called X, for $44 billion in 2022. Musk, an early OpenAI investor and board member, sued the artificial intelligence company last year, first in a California state court and later in federal court, alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good. U.S. District Judge Yvonne Gonzalez Rogers hasn't yet ruled on Musk's request but in court said it was a “stretch” for Musk to claim he will be irreparably harmed if she doesn't intervene to stop OpenAI from moving forward with its planned transition toward becoming a for-profit corporation. Toberoff said in a statement that if Altman and OpenAI's current board “are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time.” Toberoff added that Musk, as an OpenAI co-founder and successful tech leader, “is the person best positioned to protect and grow OpenAI's technology.”

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History of this topic

Elon Musk's xAI and X combine forces, valuing combined entity at $80 billion
2 hours, 1 minute ago

Elon Musk's xAI and X combine forces, valuing combined entity at $80 billion

Firstpost  

The all-stock purchase announced on Friday merges two of Musk’s several portfolio firms, which also include Tesla and SpaceX, and may make it easier for Musk to train his Grok AI model Elon Musk’s xAI artificial intelligence startup has bought Musk’s X, the social media company previously known as Twitter, for $33 billion, marking the latest twist in the billionaire’s …

Elon Musk sells X to his own xAI for USD 33 billion in all-stock deal
Trending News
6 hours, 46 minutes ago

Elon Musk sells X to his own xAI for USD 33 billion in all-stock deal

Deccan Chronicle  

Washington: Elon Musk has sold social media site X to his own xAI artificial intelligence company in a USD 33 billion all-stock deal, the billionaire announced on Friday. Musk said in a post on X that the move will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach. He said the deal values xAI …

Elon Musk’s xAI Acquires X, Because of Course
Top News
55 years, 2 months ago

Elon Musk’s xAI Acquires X, Because of Course

Wired  

Elon Musk’s artificial intelligence firm xAI has acquired his social media platform X in an all-stock transaction that values the company at $33 billion, including $12 billion worth of debt, the centibillionaire announced Friday. The sale comes just weeks after Musk reportedly raised another roughly $1 billion in debt financing for X that valued the company at $44 billion—the same …

Musk Inc is under serious threat
4 days, 4 hours ago

Musk Inc is under serious threat

Hindustan Times  

UNTIL RECENTLY Elon Musk had little need to look over his shoulder. He once described competition for Tesla, his electric-vehicle company, as “the enormous flood of gasoline cars pouring out of the world’s factories every day”, rather than the “small trickle” of other EV-makers. On March 18th the Chinese firm unveiled a charging system that it said could power an …

Twitter’s iconic bird logo sold for thousands of dollars at auction; can you guess the price?
1 week ago

Twitter’s iconic bird logo sold for thousands of dollars at auction; can you guess the price?

Live Mint  

The iconic bird logo of Twitter, which was removed from its former headquarters in San Francisco, has sold for nearly $35,000 at an auction, reports said on Saturday. The blue bird logo of erstwhile Twitter was removed when Elon Musk took over the social media company and rebranded it to X. RR Auction, which deals in “rare and collectible items" …

OpenAI and Musk agree to fast tracked trial over for-profit shift
2 weeks ago

OpenAI and Musk agree to fast tracked trial over for-profit shift

Deccan Chronicle  

Oakland: OpenAI and Elon Musk have agreed to fast-track a trial over OpenAI's for-profit shift, the latest turn in a grudge match between the world's richest person and OpenAI CEO Sam Altman playing out publicly in court. The judge this month denied Musk's request to pause the artificial intelligence group's transition to a for-profit model but agreed to an expedited …

Elon Musk’s feud with OpenAI CEO Sam Altman, explained
2 weeks, 5 days ago

Elon Musk’s feud with OpenAI CEO Sam Altman, explained

LA Times  

A bitter rift between two Silicon Valley billionaires could shape the future of the fast-growing artificial intelligence industry. “OpenAI’s conduct could have seismic implications for Silicon Valley and, if allowed to stand, could represent a paradigm shift for technology start-ups,” Musk said in court records filed last year. Musk said he invested significant money, helped recruit talent under that premise, …

Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop
3 weeks ago

Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop

Live Mint  

Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price. While Musk has been busy lately as a key adviser to President Donald Trump on government cost-cutting efforts, he’s also …

Elon Musk fails to stop OpenAI’s transition to for-profit business as US Judge says no to injunction
3 weeks, 3 days ago

Elon Musk fails to stop OpenAI’s transition to for-profit business as US Judge says no to injunction

Firstpost  

Musk had argued that OpenAI’s co-founders, including Altman, misled him into funding the startup under the pretense that it would remain a nonprofit. The judge, however, said he failed to demonstrate that an injunction against OpenAI was necessary A US judge on Tuesday denied Elon Musk’s request to block OpenAI from transitioning into a for-profit business. US District Judge Yvonne …

Elon Musk fails to stop OpenAI’s transition to for-profit business as US Judge says no to injunction
3 weeks, 3 days ago

Elon Musk fails to stop OpenAI’s transition to for-profit business as US Judge says no to injunction

Firstpost  

Musk had argued that OpenAI’s co-founders, including Altman, misled him into funding the startup under the pretense that it would remain a nonprofit. The judge, however, said he failed to demonstrate that an injunction against OpenAI was necessary OpenAI CEO Sam Altman and Tesla CEO Elon Musk. Reuters A US judge on Tuesday denied Elon Musk’s request to block OpenAI …

Judge rejects Elon Musk's bid to block OpenAI's for-profit transition
3 weeks, 3 days ago

Judge rejects Elon Musk's bid to block OpenAI's for-profit transition

Deccan Chronicle  

A US court on Tuesday denied billionaire entrepreneur Elon Musk a preliminary injunction he was seeking against ChatGPT-maker OpenAI's efforts to convert into a for-profit firm. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California said Musk has not met "the high burden required for a preliminary injunction" to block the conversion of OpenAI to a for-profit status. Marc Toberoff, …

Judge denies Elon Musk's request to block OpenAI for-profit conversion but welcomes trial
3 weeks, 3 days ago

Judge denies Elon Musk's request to block OpenAI for-profit conversion but welcomes trial

Hindustan Times  

OAKLAND, Calif. — A federal judge has denied Elon Musk's request for a court order blocking OpenAI from converting itself to a for-profit company but said she could expedite a trial to consider Musk's claims against the ChatGPT maker and its CEO. Judge denies Elon Musk's request to block OpenAI for-profit conversion but welcomes trial U.S. District Judge Yvonne Gonzalez …

Elon Musk's bid to block OpenAI's for-profit transition rejected by judge
3 weeks, 3 days ago

Elon Musk's bid to block OpenAI's for-profit transition rejected by judge

The Hindu  

A U.S. court on Tuesday denied billionaire entrepreneur Elon Musk a preliminary injunction he was seeking against ChatGPT-maker OpenAI's efforts to convert into a for-profit firm. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California said Musk has not met "the high burden required for a preliminary injunction" to block the conversion of OpenAI to a for-profit status. Musk filed …

Judge denies Elon Musk’s bid to stop OpenAI from becoming a for-profit company
3 weeks, 3 days ago

Judge denies Elon Musk’s bid to stop OpenAI from becoming a for-profit company

CNN  

Reuters — A U.S. judge on Tuesday denied billionaire Elon Musk’s request for a preliminary injunction to pause OpenAI’s transition to a for-profit model but agreed to a fast-track trial in the fall of this year, the latest turn in the high-stakes legal fight. Musk does not have “the high burden required for a preliminary injunction” to block the conversion …

Elon Musk takes another dig at OpenAI CEO, calls him ‘Scam Altman’ over a resurfaced video about THIS claim…
1 month ago

Elon Musk takes another dig at OpenAI CEO, calls him ‘Scam Altman’ over a resurfaced video about THIS claim…

Live Mint  

Tech billionaire Elon Musk has once again taken a jibe at OpenAI CEO Sam Altman, referring to him as ‘Scam Altman’ in a fresh round of feud between the two moguls. I have no equity in OpenAI.” He further emphasised, “I’m doing this because I love it.” Musk’s sarcastic rebuke suggests he remains unconvinced by Altman’s altruistic stance. However, Altman …

‘Solid’: Conman Sukesh praises Elon Musk, says X ‘lady love’s favourite' social media handle
1 month ago

‘Solid’: Conman Sukesh praises Elon Musk, says X ‘lady love’s favourite' social media handle

Hindustan Times  

Conman Sukesh Chandrashekhar addressed a letter to Space X CEO Elon Musk praising him and announcing his plans to invest $2 billion into social media platform X. Conman Sukesh Chandrashekhar congratulated Elon Musk for his success with DOGE and offered to invest in X Chandrashekhar, who is currently under judicial custody in Mandoli jail of Delhi, congratulated Elon Musk on …

Conman Sukesh offers to invest ₹1,74,38,74,26,000 in Elon Musk's X
1 month ago

Conman Sukesh offers to invest ₹1,74,38,74,26,000 in Elon Musk's X

Hindustan Times  

Sukesh Chandrashekhar, the conman currently lodged in a Delhi jail, has expressed his desire to invest $2 billion in Elon Musk's X. Sukesh made the declaration in a letter addressed to Musk. In the letter, which has been accessed by HT.com, Sukesh wrote, "I am taking this Privilege and Pride today to say, Hey Elon, I am ready and wanting …

Musk's X in talks to raise money at $44 billion valuation: Report
1 month, 1 week ago

Musk's X in talks to raise money at $44 billion valuation: Report

The Hindu  

Elon Musk's X social media platform is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter. Musk's AI startup, xAI, is also in talks to raise $10 billion at a $75 billion valuation, up from $40 billion, according to reports. Banks, led by Morgan Stanley, sold …

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X
1 month, 1 week ago

Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X

CNN  

New York CNN — In October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Also helping X’s rebound: It reportedly holds a stake in xAI, Musk’s AI company, which itself is …

Report suggests Elon Musk’s X is raising cash from investors
1 month, 1 week ago

Report suggests Elon Musk’s X is raising cash from investors

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s social media platform …

Elon Musk’s xAI unveils Grok 3 model to take on ChatGPT and Google Gemini
1 month, 1 week ago

Elon Musk’s xAI unveils Grok 3 model to take on ChatGPT and Google Gemini

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s xAI has unveiled …

Elon Musk unveils Grok-3 to outperforms Google, OpenAI and more
1 month, 1 week ago

Elon Musk unveils Grok-3 to outperforms Google, OpenAI and more

India TV News  

Elon Musk unveils Grok-3 to outperforms Google, OpenAI and more With Grok-3’s powerful advancements, AI competition is heating up, and Musk’s xAI is positioning itself as a major player in the industry. During a live-streamed demo event, Musk stated, “We’re very excited to present Grok-3, which is, we think, an order of magnitude more capable than Grok-2 in a very …

Musk says chatbot Grok 3 will be unveiled Monday
Top News
1 month, 1 week ago

Musk says chatbot Grok 3 will be unveiled Monday

Raw Story  

Elon Musk said his startup xAI will release its Grok 3 chatbot on Monday and billed it as the "smartest AI on Earth" in a fiercely competitive market. The company's flagship artificial intelligence product will go live with a demonstration on Monday night at 8:00 pm Pacific time, the tech billionaire wrote Saturday on his social media platform X. Grok …

Smartest AI on earth: Elon Musk unveils plans to release Grok 3
Trending News
1 month, 1 week ago

Smartest AI on earth: Elon Musk unveils plans to release Grok 3

Deccan Chronicle  

Billionaire Elon Musk had teased tech enthusiasts with the launch date reveal of the much hyped next generation AI chatbot model -- Grok 3. Meanwhile, OpenAI's board chairman on Friday said it has unanimously rejected Elon Musk's offer to buy the hot artificial intelligence company for $97.4 billion. "OpenAI is not for sale, and the board has unanimously rejected Mr. …

Viral video: Sam Altman blasts Elon Musk says, ‘his whole life is from a position of insecurity’
Trending News
1 month, 1 week ago

Viral video: Sam Altman blasts Elon Musk says, ‘his whole life is from a position of insecurity’

Live Mint  

Sam Altman and Elon Musk have had a complicated relationship over the years, from teaming up to create OpenAI to now being bitter rivals. While Musk has had feuds with many American entrepreneurs in the past, including Amazon founder Jeff Bezos and Meta boss Mark Zuckerberg, the dispute with Altman appears to be much more personal for the Tesla CEO. …

The inside story of how Altman and Musk went from friends to bitter enemies
1 month, 1 week ago

The inside story of how Altman and Musk went from friends to bitter enemies

Live Mint  

On the first full day of the second Trump presidency, Elon Musk was in the White House complex when he got word that his nemesis was about to hold a press conference with the president. He turned on the television and watched as OpenAI’s chief executive, Sam Altman, and a beaming Donald Trump touted a $500 billion investment in AI …

OpenAI board unanimously rejects Musk-led group's $97.4bn offer, says company 'is not for sale'
Trending News
1 month, 2 weeks ago

OpenAI board unanimously rejects Musk-led group's $97.4bn offer, says company 'is not for sale'

Firstpost  

The OpenAI board has unanimously rejected an offer of $97.4 billion from a consortium led by Tesla CEO Elon Musk. Image Credit: Reuters OpenAI’s board on Friday rejected a whopping $97.4 billion from a consortium led by Tesla CEO Elon Musk, eying to buy ChatGPT. He rebuffed the offer on Monday with a “no thank you” on X, prompting Musk …

OpenAI board unanimously rejects Musk-led group's $97.4bn offer, says company 'is not for sale'
1 month, 2 weeks ago

OpenAI board unanimously rejects Musk-led group's $97.4bn offer, says company 'is not for sale'

Firstpost  

The OpenAI board has unanimously rejected an offer of $97.4 billion from a consortium led by Tesla CEO Elon Musk. Image Credit: Reuters OpenAI’s board on Friday rejected a whopping $97.4 billion from a consortium led by Tesla CEO Elon Musk, eying to buy ChatGPT. He rebuffed the offer on Monday with a “no thank you” on X, prompting Musk …

OpenAI board unanimously rejects Elon Musk’s $97.4 billion proposal
Top News
1 month, 2 weeks ago

OpenAI board unanimously rejects Elon Musk’s $97.4 billion proposal

The Hindu  

OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition," said a statement Friday from Bret Taylor, chair of OpenAI's board. OpenAI attorney William Savitt in a letter to Musk's attorney Friday said the …

OpenAI board rejects Elon Musk's $97.4 billion offer
1 month, 2 weeks ago

OpenAI board rejects Elon Musk's $97.4 billion offer

Hindustan Times  

OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is Musk's latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman — but later left — from becoming …

OpenAI board rejects Elon Musk's $97.4 billion offer
1 month, 2 weeks ago

OpenAI board rejects Elon Musk's $97.4 billion offer

Hindustan Times  

OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. {{^userSubscribed}} {{^usCountry}} {{/usCountry}} {{#usCountry}} {{/usCountry}} {{/userSubscribed}} {{^userSubscribed}} {{^usCountry}} {{/usCountry}} {{#usCountry}} {{/usCountry}} {{/userSubscribed}} The unsolicited approach is Musk's latest attempt to block the startup he co-founded …

OpenAI board rejects Elon Musk's $97.4 billion proposal
Trending News
1 month, 2 weeks ago

OpenAI board rejects Elon Musk's $97.4 billion proposal

Deccan Chronicle  

OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition," said a statement Friday from Bret Taylor, chair of OpenAI's board.OpenAI attorney William Savitt in a letter to Musk's attorney Friday said the proposal “is …

OpenAI board unanimously rejects Musk’s $97.4 billion takeover bid: ‘Not for sale’
Top News
1 month, 2 weeks ago

OpenAI board unanimously rejects Musk’s $97.4 billion takeover bid: ‘Not for sale’

Live Mint  

OpenAI has rejected a $97.4 billion bid by Elon Musk to buy the company's non-profit arm. In a statement issued on X, Bret Taylor, OpenAI's chair of Board of Directors reiterated CEO Sam Altman's recent statements that ‘OpenAI is not for sale’ while adding that this is an attempt by Musk to ‘disrupt his competition’. Notably, Musk, backed by a …

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company
1 month, 2 weeks ago

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The board of OpenAI unanimously rejected Elon Musk's $97.4 billion takeover bid, declaring …

Sam Altman vs Elon Musk saga continues: OpenAI board officially rejects offer, says not for sale
1 month, 2 weeks ago

Sam Altman vs Elon Musk saga continues: OpenAI board officially rejects offer, says not for sale

India Today  

Elon Musk’s offer to buy OpenAI has been in the headlines for the past few days. While Sam Altman denied the offer then and there, the OpenAI board hadn’t responded until now. Taking to X, company’s chief, Bret Taylor stated, “OpenAI is not for sale.” On the behalf of the OpenAI Board of Directors, Taylor said, “the board has unanimously …

OpenAI board declines Elon Musk's $97.4 billion offer: Not for sale
Top News
1 month, 2 weeks ago

OpenAI board declines Elon Musk's $97.4 billion offer: Not for sale

India Today  

ChatGPT maker OpenAI's board of directors has unanimously rejected a $97.4 billion takeover bid by tech titan Elon Musk. The development comes days after OpenAI's Sam Altman, who co-founded the AI company with Musk, rebuffed the Tesla CEO's offer and instead offered $9.74 billion to buy his company X. "OpenAI is not for sale, and the board has unanimously rejected …

OpenAI board unanimously rejects Elon Musk’s $97.4 billion proposal
1 month, 2 weeks ago

OpenAI board unanimously rejects Elon Musk’s $97.4 billion proposal

Associated Press  

SAN FRANCISCO — OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” said a statement Friday from Bret Taylor, chair of OpenAI’s board. OpenAI attorney William Savitt in a letter to Musk’s attorney …

Musk says he will agree to take back OpenAI takeover bid, if Sam Altman stops from going for-profit
1 month, 2 weeks ago

Musk says he will agree to take back OpenAI takeover bid, if Sam Altman stops from going for-profit

Firstpost  

Despite Altman’s immediate rejection, Musk’s bid could still complicate things for OpenAI’s board. The Wall Street Journal has reported that the offer might push OpenAI’s directors to reassess the nonprofit’s value, particularly as it transitions to a for-profit model Musk, who left OpenAI after his failed attempt to take over the company in 2018, has long been critical of its …

Elon Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
1 month, 2 weeks ago

Elon Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

The Hindu  

Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” …

Musk says he’ll pull his $97.4 billion OpenAI bid if the ChatGPT maker remains a nonprofit
1 month, 2 weeks ago

Musk says he’ll pull his $97.4 billion OpenAI bid if the ChatGPT maker remains a nonprofit

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk has said …

Why are Elon Musk and Sam Altman engaged in a war of words over OpenAI?
1 month, 2 weeks ago

Why are Elon Musk and Sam Altman engaged in a war of words over OpenAI?

Al Jazeera  

Two of Silicon Valley’s most prominent tech titans are at loggerheads over the future of the creator of ChatGPT. Musk – the world’s richest man and CEO of Tesla and SpaceX – has filed multiple lawsuits over the past year to stop Altman from restructuring OpenAI from a hybridised nonprofit into a for-profit company. Musk’s lawyers also alleged that Altman …

OpenAI’s board rejects bid from Elon Musk-led group
Trending News
1 month, 2 weeks ago

OpenAI’s board rejects bid from Elon Musk-led group

LA Times  

Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio in Hawthorne, Calif., in 2019. The feud between Elon Musk and rival Sam Altman took a new turn on Friday when OpenAI’s board rejected a $97.4-billion offer by an investment consortium led by the Tesla chief executive. “OpenAI is not for sale, and the board has …

"OpenAI is not for sale": ChatGPT maker rejects Musk bid for ownership
1 month, 2 weeks ago

"OpenAI is not for sale": ChatGPT maker rejects Musk bid for ownership

Salon  

OpenAI's board publicly rejected an attempt to buy the company on Friday, telling the group of bidders led by Elon Musk that the ChatGPT creator isn't up for sale. "OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," the company shared in a statement on the Musk-owned social media platform, …

OpenAI board rejects Elon Musk-led $97 billion purchase offer
1 month, 2 weeks ago

OpenAI board rejects Elon Musk-led $97 billion purchase offer

CNN  

New York CNN — OpenAI’s board of directors has formally rejected a $97.4 billion bid by Elon Musk and other investors to purchase the company. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” OpenAI Board Chair Bret Taylor said in a statement posted to X on Friday. Musk has …

Elon Musk, Sam Altman spar over $97.4 billion OpenAI bid in court filings
1 month, 2 weeks ago

Elon Musk, Sam Altman spar over $97.4 billion OpenAI bid in court filings

Hindustan Times  

The public showdown between Elon Musk and OpenAI Chief Executive Officer Sam Altman over Musk’s $97.4 billion bid for the artificial intelligence startup is heating up in court. In a filing Wednesday, Altman said Musk’s all-cash offer undermines the very claim at the heart of his lawsuit against OpenAI — that its assets can’t be “transferred away” for “private gain.” …

Musk agrees to pay Trump $10m to settle lawsuit over his Twitter ban after January 6 riot
1 month, 2 weeks ago

Musk agrees to pay Trump $10m to settle lawsuit over his Twitter ban after January 6 riot

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk‘s X has agreed to pay Donald Trump about …

Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
1 month, 2 weeks ago

Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

Associated Press  

Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” …

OpenAI accuses Elon Musk of contradicting his own lawsuit with takeover bid
Top News
1 month, 2 weeks ago

OpenAI accuses Elon Musk of contradicting his own lawsuit with takeover bid

Firstpost  

Musk’s takeover attempt is the latest twist in an escalating battle between the billionaire and the AI firm he co-founded in 2015. His lawsuit, filed last August, argues that OpenAI is violating its original mission by shifting toward a for-profit model In its court filing, OpenAI accused Musk of making “an improper bid to undermine a competitor”, arguing that his …

Grok 3 in final stages, outperforming all chatbots: Elon Musk
1 month, 2 weeks ago

Grok 3 in final stages, outperforming all chatbots: Elon Musk

Deccan Chronicle  

Dubai: Elon Musk said on Thursday his AI chatbot, and ChatGPT challenger, Grok 3, is in the final stages of development and will be released in about a week or two. "Grok 3 has very powerful reasoning capabilities, so in the tests that we've done thus far, Grok 3 is outperforming anything that's been released, that we're aware of, so …

Musk will pull OpenAI bid if ChatGPT maker remains a non-profit, lawyers say
1 month, 2 weeks ago

Musk will pull OpenAI bid if ChatGPT maker remains a non-profit, lawyers say

Deccan Chronicle  

Elon Musk will withdraw his $97.4 billion bid for OpenAI's non-profit arm if the ChatGPT maker drops its plans to become a for-profit entity, the billionaire's lawyers said in a court filing on Wednesday. "If OpenAI board is prepared to preserve the charity's mission and stipulate to take the "for sale" sign off its assets by halting its conversion, Musk …

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