Elon Musk investor group submits $97.4 billion bid for OpenAI - WSJ

Investing.comFeb 11, 2025 12:23 AM

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Elon Musk is taking his battle with OpenAI to a new level.... he is trying to buy the entire company.

According to late-breaking reports from the Wall Street Journal, Elon Musk has assembled a consortium of investors and is offering to acquire the ChatGPT maker for $97.4 billion.

Marc Toberoff, who is Musk's attorney, said the bid was presented to OpenAI's board on Monday.

Musk has been a vocal opponent of OpenAI's Sam Altman's plan to turn the company into a for-profit entity.

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

OpenAI most recently was said to be worth $300 billion, based on new potential funding from SoftBank (TYO:9984).

OpenAI and SoftBank announced an aggressive $500 billion AI project, Stargate, with President Trump in January.

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