AI company acquisition

OpenAI Acquisition: Musk’s $97.4 Billion Proposal Explained

Cameron BraddyFebruary 13, 2025 134 Views

In a dramatic turn of events, a consortium led by Elon Musk’s x.AI has made headlines with a staggering proposal to acquire OpenAI for $97.4 billion.This audacious bid, however, has been met with staunch resistance from OpenAI’s CEO, Sam Altman, who argues that such a takeover would derail the organization’s intended transition from a nonprofit.

7 min read

Technology News

Musk’s OpenAI Acquisition Proposal Stirs Controversy

Cameron BraddyFebruary 11, 2025 104 Views

In a dramatic turn of events, Elon Musk, the world’s wealthiest individual, has made headlines by proposing a staggering $97.4 billion acquisition of the nonprofit organization overseeing OpenAI.This bold move, revealed through a letter to California and Delaware’s attorneys general, was quickly met with a sharp rebuttal from OpenAI’s CEO, Sam Altman.

4 min read