Headline Roundup • February 11th, 2025
Elon Musk Offers $97.4B For OpenAI, Sam Altman Says It's Not For Sale
Summary from the AllSides News Team
Elon Musk and his investors submitted a $97.4 billion offer Monday for the nonprofit that controls OpenAI.
For Context: Open AI has been restructuring its operations in order to separate its business from the nonprofit board overseeing it. The board is in the process of determining the valuation of OpenAI's operations.
Key Quotes: “OpenAI is not for sale. OpenAI's mission is not for sale - to say nothing of the fact that, like, a competitor who is not able to beat us in the market and you know, instead is just trying to say, like, 'I'm gonna buy this' with total disregard for the mission is a likely path there,” OpenAI CEO Sam Altman said. “No thank you but we will buy twitter for $9.74 billion if you want,” Altman posted on X Monday.
Musk and Altman's History: Musk has ongoing litigation against OpenAI, claiming it has strayed from the original mission he set out as a co-founder in 2015. Musk left the company in 2018 after he reportedly could not convince the board to let him lead a for-profit OpenAI entity or merge it with Tesla.
How The Media Covered It: Axios (Lean Left bias) included Musk's accusation that OpenAI strayed from its mission but did not mention the circumstances of Musk's 2018 departure, while Wall Street Journal (Center) and Fox Business (Lean Right) did. The Journal focused on how Musk's offer might complicate the equity awarded to the nonprofit.
Featured Coverage of this Story
Elon Musk’s offer for the assets of OpenAI could end up costing Sam Altman, whether he takes it or not.
For months, the OpenAI chief executive has been working with investors to determine how to fairly compensate the nonprofit that currently controls the company as part of a plan to spin it out and make the ChatGPT developer a for-profit venture.
Musk’s $97.4 billion offer, with the backing of a consortium of investors, could force OpenAI’s board of directors to reassess how it is valuing the nonprofit, which the board has said will...
Fox Business
OpenAI CEO Sam Altman said Elon Musk is "probably just trying to slow us down" with his bid to purchase the company, insisting on Tuesday that it is not for sale. Altman, who spoke to Bloomberg on the sidelines of the AI Action Summit in Paris following Musk’s unsolicited bid of $97.4 billion to take over OpenAI, also said that Musk is probably living his whole life "from a position of insecurity" and that "I don’t think he’s like a happy person, I do feel for him." "Look, OpenAI is...
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Axios
OpenAI is not for sale — and particularly not to Elon Musk, CEO Sam Altman told Axios on the sidelines of the AI Action Summit in Paris. Why it matters: Altman's comments come one day after his increasingly heated rival Musk made a shock $97.4 billion offer for OpenAI's assets, potentially changing the narrative around the technology's future. • "There's been like versions of Elon trying to somehow take control of OpenAI for a long time, so, it's like, okay, here's this week's episode," Altman told Axios. • "OpenAI is...
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