Elon Musk and a group of investors have made a bid to buy control of OpenAI for $97.4 billion. The nonprofit oversees an artificial intelligence startup and Musk believes it should return to being a safety-focused force for good. This bid comes amidst a legal and public relations battle between Musk and OpenAI CEO Sam Altman, who Musk called a “swindler.” OpenAI, co-founded by Musk and Altman in 2015, has become a major player in the AI industry, with recent investments from SoftBank. Musk is now facing competition from a startup called xAI and is suing OpenAI for antitrust violations. The offer to buy OpenAI is backed by xAI and other investors including Valor Equity Partners and Baron Capital. Toberoff, Musk’s attorney, has requested that bidding for OpenAI be opened up to other interested parties. This bid comes at a time when the AI industry is seeing increased investment and development of new tools and services. The future of OpenAI and its role in the AI market remains uncertain as Musk and his group of investors seek to take control of the organization.
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