The dramatic showdown between Elon Musk and Sam Altman unfolded today on a grand scale as Elon Musk and his allies proposed a hostile takeover of OpenAI at a staggering price of $9.76 billion ($3.3 trillion baht). In an interview with the Wall Street Journal, Elon stated his desire for OpenAI to return to being open-source, showcasing the world his vision for xAI with Grok.
Undoubtedly, Sam Altman is expected to reject this offer, responding via X/Twitter with a witty comeback, saying, “no thank you, but we will buy Twitter for $9.74 billion if you want.” Elon retaliated by calling him a “swindler.”
According to TechCrunch, Elon’s group of investor friends includes notable names such as Baron Capital Group Inc., Valor Management LLC, Atreides Management, LP, Vy Fund III L.P., Emmanuel Capital Management LLC, Eight Partners VC LLC.
Sources: Wall Street Journal, TechCrunch
TLDR: Elon Musk and Sam Altman engage in a high-stakes corporate battle over the future of OpenAI, with Elon proposing a hostile takeover and Sam responding with a clever counteroffer. Elon’s investor allies stand ready to back his bold move.
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