Elon Musk Leads $97.4 Billion Bid To Take Over OpenAI

A group of investors led by tech billionaire Elon Musk is offering $97.4 billion to take over OpenAI.

Musk’s attorney, Marc Toberoff, confirmed that the bid—backed by Musk’s AI startup, xAI, and a consortium of investment firms—aimed to take control of OpenAI and reinstate its founding commitment to serving the public good rather than operating as a for-profit enterprise.

OpenAI CEO Sam Altman dismissed the offer in a pointed response on Musk’s social platform X, stating: “no thank you but we will buy Twitter for $9.74 billion if you want.”