Elon Musk's unsolicited offer to acquire OpenAI reignites a long-standing feud with CEO Sam Altman as the company seeks to transition from nonprofit to for-profit status.
Sam Altman , the CEO of OpenAI, found himself at the center of a fierce battle for control of the leading artificial intelligence company. While he champions OpenAI's mission of ensuring that artificial general intelligence ( AGI ) benefits all humanity, Elon Musk , a former investor and board member, has made an unsolicited offer to acquire OpenAI. This move reignites a long-standing feud between the two tech titans, who co-founded the organization a decade ago as a nonprofit.
Musk's bid, announced on Monday, comes as Altman seeks to transform OpenAI into a for-profit entity, capitalizing on the explosive growth of the AI industry fueled by the success of ChatGPT. However, Musk, who now heads his own AI company, xAI, views OpenAI's shift away from its original nonprofit purpose as a betrayal. He has publicly questioned OpenAI's direction and criticized its potential commercialization. The future of OpenAI hangs in the balance. Its nonprofit board, chaired by Bret Taylor, asserts that the organization is not for sale and emphasizes its commitment to fulfilling its mission of AGI benefiting humanity. The board must now weigh Musk's offer against the legal and ethical implications of relinquishing control of a company developing such transformative technology. Musk's bid, while potentially lucrative, raises concerns about the independence of a new board under his influence and the potential for compromising OpenAI's public mission
Artificial Intelligence Openai Elon Musk Sam Altman AGI For-Profit Nonprofit Acquisition Technology Industry
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Bids $97.4 Billion for OpenAI in Ongoing FeudElon Musk is leading an investment group offering $97.4 billion for OpenAI, the nonprofit that controls the ChatGPT-maker, escalating his conflict with the company. Musk's attorney submitted the bid to OpenAI's board of directors, prompting a witty response from OpenAI CEO Sam Altman on X, formerly Twitter. Musk has been locked in a public feud with Altman, filing multiple lawsuits against OpenAI. Musk co-founded OpenAI in 2015 but left in 2018 and launched his own AI startup, xAI, in 2023.
Read more »
Musk Offers $97.4 Billion to Buy OpenAI, Sparking Conflict Over AI's FutureElon Musk's consortium launched a bid to acquire OpenAI, the nonprofit controlling the ChatGPT developer, escalating the battle over its transition to a for-profit entity. Musk's offer, aiming to redirect OpenAI towards its original mission of open-source AI development, clashes with CEO Sam Altman's vision for the company's future.
Read more »
OpenAI’s Altman says Musk offer is tactic ‘to try to mess with us’Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Musk heads group trying to buy control of OpenAISAN FRANCISCO—Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with
Read more »
Elon Musk heads group trying to buy control of OpenAI — reportSAN FRANCISCO — Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday.
Read more »
Elon Musk-led group makes $97.4 billion bid for control of OpenAIOpenAI CEO Sam Altman rebuffs the offer, but an expert says it may 'significantly complicate' fundraising for the company
Read more »