Elon Musk wants to buy ChatGPT's parent company OpenAI for $97.4 Billion

[Affman]

"In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors who have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 billion.

Musk has long feuded with OpenAI CEO Sam Altman and has filed a number of legal complaints against the company and Altman, claiming that the AI company and its leadership have misrepresented OpenAI as a philanthropy. Musk claims that OpenAI has broken with its founding charter by seeking to make a profit with its AI tools.

OpenAI is operated by a nonprofit that controls an entity called OpenAI LP, a for-profit company that exists within the larger company’s structure. That for-profit company took OpenAI from effectively worthless to a valuation of around $100 billion in just a few years — and Altman is largely credited as the mastermind of that plan and the key to the company’s success."

The rest of it in link below

https://www.cnn.com/2025/02/10/tech/ope ... index.html

[BrasSmonkey]

Sam Altman Says ‘No Thank You’ to Elon Musk Attempt to Buy OpenAI - time magazine

"In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors who have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 billion.

Musk has long feuded with OpenAI CEO Sam Altman and has filed a number of legal complaints against the company and Altman, claiming that the AI company and its leadership have misrepresented OpenAI as a philanthropy. Musk claims that OpenAI has broken with its founding charter by seeking to make a profit with its AI tools.

OpenAI is operated by a nonprofit that controls an entity called OpenAI LP, a for-profit company that exists within the larger company’s structure. That for-profit company took OpenAI from effectively worthless to a valuation of around $100 billion in just a few years — and Altman is largely credited as the mastermind of that plan and the key to the company’s success."

The rest of it in link below

https://www.cnn.com/2025/02/10/tech/ope ... index.html

[DeSexGuide]

Deepseek cost a few million why buy ChatGPT for a $100 billion

[Webby]

He's got the money for it so why not

[badkitty]

Isn't he over paying after the cost of creating DeepSeek became public knowledge?

[fappmaster]

Serious dough how will it make a return on the investment

[BHT]

It seems a logical move, he has Tesla,SpaceX, X and bring them all together with Chatgpt.

[koster]

He could buy Deepseek for a lot less if they are selling.

[TheButcher]

He could buy Deepseek for a lot less if they are selling.

Why buy it the odds are it is going to get blocked and banned in the US one of these days.

[pornmafia]

It is crazy how much money the guy has.

[TheButcher]

Some one told me a line yesterday, Musk must have spare time on his hands .

[born2bewild]

With Deepseek that came out and cost so little to develop compared to Chatgpt is it a wise investment to spend nearly $100 billion for Chatgpt?

[Emil]

Look at the value of Twitter now , that was what a $40+ billion purchase, what do you think will happen after he pays nearly $100 billion for OpenAI?

[porntraveller]

Did this go anywhere?

[jag]

Check this out;


"Elon Musk and Sam Altman finally found a common area of agreement — that a trial to settle their differences over the future of ChatGPT creator OpenAI should begin in December.

The proposal came in a joint court filing on Friday from Musk, Altman, OpenAI, and other named defendants, including Microsoft (MSFT). They asked for a two-week trial beginning Dec. 8.

A judge has ultimate discretion over whether to grant the joint request, though the California federal district court judge overseeing this case, Yvonne Gonzalez Rogers, is likely to agree on a date that both sides want.

The expedited battle is intended to weigh Musk’s claims that Altman and OpenAI breached various agreements by planning to convert the artificial intelligence startup into a for-profit enterprise. He tried and failed to get a judge to approve an immediate injunction stopping the conversion.

Musk helped co-found OpenAI with Altman in 2015 by donating $45 million to the startup, which Musk claims was contingent on OpenAI remaining a nonprofit organization.

Musk parted ways over disagreements regarding how to move forward with the venture. He started a competing AI company called xAI. Musk alleges that allowing OpenAI to continue pursuing for-profit status would cause "irreparable harm" to Musk, xAI, investors, and the public."


https://finance.yahoo.com/news/elon-mus ... 56911.html