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Elon Musk offers to buy ChatGPT’s parent OpenAI for nearly $100 billion, Sam Altman says, ‘No thank you’

Elon Musk's attorney Marc Toberoff confirmed the development on Monday and informed that he has submitted to the board of OpenAI to take over all the assets.

elon musk, sam altman, AI, chatgpt, openaiThe offer to takeover the ChatGPT parent is being backed by Elon Musk owned xAI, Baron Capital Group, Valor Management and several other private equity firms. (Image: Reuters)

Tech billionaire Elon Musk led group has offered nearly $100 billion to buy ChatGPT maker OpenAI, a deal that could transform the future of Artificial Intelligence and escalate the legal dispute between Musk and OpenAI.

Musk, who helped found the Artificial Intelligence company, along with a consortium of investment firms and his own AI startup xAI offered to take controlling stakes in the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, reported Associated Press.

Elon Musk’s attorney Marc Toberoff confirmed the development on Monday and informed that he has submitted to the board of OpenAI to take over all the assets.

OpenAI CEO rebuked the offer by the Musk led consortium to take over the ChatGPT maker and posted on Musk’s social platform X, saying, “No thank you but we will buy Twitter for $9.74 billion if you want.” Notably, Musk bought Twitter (now X) for $44 billion in 2022.

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The relationship between world’s richest man Elon Musk, who has also become purportedly US President Donald Trump’s right hand while leading Department of Government Efficiency (DOGE), and OpenAI CEO Sam Altman has soured since Musk left the board of OpenAI in 2018 over who should lead the tech start-up.

Musk and Altman co-founded the AI startup in 2015, however, the Tesla and X boss has now filed multiple lawsuits against the company and Altman as he claims that OpenAI has gone against its founding charter by seeking to make a profit with its AI tools, reported CNN.

In a statement, Musk said “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens.”

The offer to takeover the ChatGPT parent is being backed by Elon Musk owned xAI, Baron Capital Group, Valor Management and several other private equity firms.

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