Elon Musk is making it clear—he’s not letting Sam Altman turn OpenAI into a cash machine without a fight.
The billionaire is willing to withdraw his $97.4 billion takeover bid if OpenAI’s board agrees to scrap its move to become a for-profit company.
Musk vs. Altman: A Long-Running Feud
Once co-founders, now bitter rivals. Musk and Altman launched OpenAI as a nonprofit back in 2015, but Musk walked away after disagreements on the company’s future. Fast forward to today, and Musk is suing to keep OpenAI from shifting into a money-making powerhouse.
Altman’s Instant Rejection
Musk’s investor group made the offer, but before OpenAI’s board even got a chance to look at it, Altman rejected it outright. He didn’t just say no—he went full petty, posting on X:
“no thank you but we will buy twitter for $9.74 billion if you want.”
Musk didn’t hold back either, firing back with one word: “Swindler.”
Musk’s Legal Play
Musk’s lawyers argue that Altman is pulling the strings at OpenAI for his own benefit. Since Altman is set to hold a major stake in OpenAI’s new for-profit version, Musk claims he acted against the nonprofit’s best interests by blocking the bid before the board could even weigh in.
What’s OpenAI Really Worth?
Here’s where things get tricky. Musk’s offer is huge, but way below what OpenAI is reportedly worth. SoftBank is eyeing a $40 billion investment that could push OpenAI’s valuation as high as $300 billion. Musk’s $97.4 billion bid? Not even close.
What Happens Next?
OpenAI says it never got a formal bid—just an offer sent to its outside lawyers. Meanwhile, Musk’s legal team is pressing ahead, claiming Altman is breaching his fiduciary duty.
So, does Musk actually want to buy OpenAI? Or is he just trying to block Altman’s next big move? Either way, this battle is far from over.
- Elon Musk Goes to War Over OpenAI—Calls Sam Altman a ‘Swindler’ - February 14, 2025
- Intel Stock’s Price Surges After JD Vance’s AI Chip Remarks - February 13, 2025
- YouTube TV’s Fight with Paramount Could Cost You 20+ Channels - February 13, 2025
