Elon Musk has made a highly publicized bid of $97.4 billion to acquire OpenAI, which is seen as a continuation of his rivalry with founder Sam Altman. Musk's offer is perceived as a lowball compared to the company's current valuation, estimated at around $300 billion after a substantial funding round. Altman's playful response on social media indicates both amusement and disbelief at the bid, which many view as a strategic move rather than a serious acquisition attempt. The relationship between Musk and OpenAI remains complex, steeped in past disputes and current marketplace competition.
It's difficult to see today's semi-bombshell news in the New York Times that Elon Musk made a bid to buy OpenAI for $97.4 billion as anything other than an extension of the ongoing billionaire pissing match between Musk and OpenAI founder Sam Altman.
OpenAI has gone on to produce the runway blockbuster AI product ChatGPT, while Musk's competing product Grok is far less-used and less-effective.
My understanding is that @elonmusk is not trying to buy the OpenAI nonprofit, per se, but rather the underlying for-profit assets that @sama must buy in order to reorg the company.
Altman's whimsical response reflected this, as he tweeted, 'no thank you but we will buy twitter for $9.74 billion if you want.'
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