Elon Musk has offered to buy OpenAI, the artificial intelligence research company he co-founded, for $54 billion. The offer comes amid ongoing tensions between Musk and OpenAI CEO Sam Altman over the company's direction. Musk wants OpenAI to return to its original mission of open-source, safety-focused AI, while Altman is pushing for a for-profit model to secure the capital needed for developing advanced AI.
Offer comes months after billionaire sued AI start-up to block it from transitioning to a for-profit firm
The two are already embroiled in an ongoing lawsuit. Mr Musk criticised a $500 billion OpenAI-led project called Stargate announced with great fanfare at the White House just after PresidentFred Cooke: ‘Once when I was hungover, I accidentally put €50 in the basket at Mass, thinking it was €10. You live and learn’“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Mr Musk said in the press release. “We will make sure that happens.
OpenAI was valued at $157 billion in its latest funding round in October, cementing its status as one of the most valuable private companies in the world. SoftBank Group is in talks to lead a funding round of up to $40 billion in OpenAI at a valuation of $300 billion, including the new funds, Reuters reported in January.
OpenAI is now trying to transition into a for-profit from a nonprofit entity, which it says is required to secure the capital needed for developing the best artificial intelligence models.
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