Part 5/7:
Initial reports indicated that investors viewed Musk's offer as a lowball bid compared to OpenAI’s recent valuation of $300 billion. Whether the OpenAI board will consider or reject Musk’s bid remains to be seen, especially amid existing negotiations with Microsoft and concerns regarding the valuation of nonprofit assets.
Musk's group of investors is reportedly prepared to match or exceed any counteroffers, showing a robust commitment to acquiring control. Several notable figures back this investment, including leaders from venture capital firms and entertainment giants.