CEO OpenAI shows compassion to Elon Musk
After Musk proposed buying OpenAI, CEO Sam Altman rejected and offered to buy X instead
Altman then stated that Musk’s actions were an attempt to slow down OpenAI’s progress and suggested that Musk was stirring up chaos within the organization because OpenAI was leading the way
Furthermore, Altman, in an interview with Bloomberg at the Paris AI Action Summit last Tuesday, expressed his belief that Elon Musk was simply trying to hinder our development.
Altman himself admitted that Elon Musk is the CEO of the AI company xAI and recently raised $6 billion in funding by the end of 2024. Musk is trying to compete with OpenAI and bring technology to market faster than them
Altman believes that Musk’s attempt to buy OpenAI is due to his feelings that the technology xAI offers is not reliable enough. Musk simply feels unsafe, his life is full of uncertainty. I empathize with him, I don’t think he will ever truly be happy
Nevertheless, Musk and a group of investors made an offer to buy OpenAI without requesting it. Musk stated to his attorneys that he wanted OpenAI to return to its open-source roots and focus on security as it did in the past. Altman responded to Musk’s proposal that OpenAI would not be sold to him for long, Musk then continued to post on X and even called him Scam Altman
In the clip, Altman testified before the Senate Judiciary Committee in May 2023, asked how much money he made Altman stated that he received enough health insurance and did not have a stake in OpenAI
CNBC report stated that Sam Altman made about $76,000 a year as CEO, but his asset value from Bloomberg Billionaires Index was estimated to be at least $2 billion, not including his shares in OpenAI, which Altman repeatedly stated that he did not hold
However, his main assets are usually in VC funds and investments in startups, including offering Reddit’s shares to the public, of which he is the largest shareholder
Sources – The Entrepreneur, X, CNBC, Bloomberg, Bloomberg Television
TLDR: CEO OpenAI rejects Elon Musk’s offer to buy the company, believes Musk wants to slow down technological progress, and indicates Musk’s actions might stem from a place of feeling unsafe in his own life.
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