Elon Musk's group has put forth a controversial bid of $97.4 billion to acquire OpenAI's non-profit branch, representing a significant undervaluation compared to recent valuations ranging from $157 billion to $260 billion. The move follows a prolonged legal dispute between Musk and OpenAI dating back to its inception. Musk's motives seem intertwined with his political ties, as he aligns more closely with Donald Trump, who recognizes OpenAI's strategic importance. Musk's proposal emphasizes a return to OpenAI's open-source roots, sparking key questions about the future direction of the organization in the tech sector.
"It's time for OpenAI to return to the open-source, safety-focused force for good it once was," Musk said in a statement made through his attorney announcing the bid.
Musk's bid to take over the company a cut-price one, worth significantly less than the going market rate.
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