Musk-led group of investors submit unsolicited bid of $97.4M to take over OpenAI

A group of investors led by billionaire Elon Musk has offered $97.4 million to take control of OpenAI, fueling his feud with Sam Altman over ChatGPT, which is behind the artificial intelligence (AI) company, according to reports.

The Wall Street Journal reported that Marc Toberoff, Musk’s attorney, said he submitted a bid on Monday to the board of directors at OpenAI.

While the offer was unsolicited, it could interfere with Altman’s plans for the future of OpenAI, which included turning it into a profitable company. He also reportedly planned to spend up to $500 billion in infrastructure to support artificial intelligence through Stargate, a joint venture Altman is part of.

Both Musk and Altman are battling it out in court over the future direction of OpenAI.
This is a developing story. Please check back for updates.