Elon Musk, founder of xAI, proposes a $97.4 billion acquisition of OpenAI, aiming to return it to its open-source roots. Musk believes OpenAI has strayed from its original mission and wants to ensure its technology remains accessible and safe. However, OpenAI's CEO, Sam Altman, appears disinclined to sell.
Elon Musk , the proprietor of xAI, has declared that it's time for OpenAI to revert to its former status as an open-source, safety-centric force for good. This isn't the first time Musk has taken to the platform he purchased for a hefty sum to criticize OpenAI, a company he once invested in. Now, Musk, along with a select group, aims to acquire OpenAI, though the company appears resistant to the proposal.
\The offer, spearheaded by xAI, Musk's own venture in the AI realm, proposes a staggering $97.4 billion to acquire the non-profit organization. OpenAI has defended its transformation into a for-profit entity, citing the substantial financial demands associated with developing AI platforms. This shift has irked Musk, who resigned from OpenAI's board of directors in 2018. Musk's bid appears centered on maintaining OpenAI's operations as a non-profit and making its technology accessible as open source. \'It's time for OpenAI to return to the open-source, safety-focused force for good it once was. We will ensure that happens,' the billionaire reportedly stated. However, Sam Altman, OpenAI's CEO and co-founder, seems uninterested in selling. Recall that Musk recently paid $44 billion for Twitter, a deal he repeatedly attempted to withdraw from. The fact that Altman countered with a seemingly lowball offer adds a layer of amusement to the situation. While the fate of OpenAI's board's consideration of Musk's offer remains uncertain, Altman's response suggests it's unlikely to be accepted. Perhaps Musk will shift his focus to acquiring companies like Google, Meta, or other major AI players. However, this scenario seems improbable as it could stifle competition in the AI market and grant Musk excessive control over the sector
ELON MUSK Xai OPENAI AI ACQUISITION OPEN SOURCE
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