Elon Musk made a $97.4 billion unsolicited offer to acquire OpenAI, but CEO Sam Altman rejected it as too low and indicative of competitive tactics. OpenAI is pursuing a $300 billion funding round led by SoftBank, highlighting its potential as a dominant force in AI. The rivalry between Musk and Altman goes back years, with Musk's departure from OpenAI in 2018 and ongoing public disputes. Altman emphasized a need for competition through innovation rather than legal tactics, as both leaders carve their paths in AI development with Musk's xAI and Altman's OpenAI at play.
OpenAI is reportedly in talks to raise new money in a funding round led by SoftBank at a $300 billion valuation, which would make it the most valuable privately held company in the world.
Altman's return fire was equally petty, with him refusing via tweet before offering to buy Musk's social media company X for a decimal-sliding $9.74 billion.
I wish he would just compete by building a better product, but I think there's been a lot of tactics, many, many lawsuits.
Musk now owns his own A.I. company, called xAI, with a large language model chatbot named Grok, and OpenAI sans Musk is on the verge of conquering Silicon Valley.
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