Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI
A group of investors led by Elon Musk offered $97.4 billion to buy the nonprofit that controls OpenAI, but the offer was quickly rejected. OpenAI's structure ensures that no individual can take control of the company. Sam Altman and Musk co-founded OpenAI as a charity in 2015. Musk left the company in 2019 and has since filed a series of legal complaints against OpenAI accusing the company of betraying its original nonprofit mission by creating a for-profit arm and colluding with Microsoft to dominate the development of AI.