Musk-led group offers $97.4bn for OpenAI; Altman gives counter-offer

A group of investors led by Elon Musk has made a $97.4 billion bid to acquire the nonprofit that controls OpenAI, creating a major power struggle with CEO Sam Altman. The offer complicates OpenAI’s $40 billion funding efforts and its transition to a for-profit model.

​A group of investors led by Elon Musk has made a $97.4 billion bid to acquire the nonprofit that controls OpenAI, creating a major power struggle with CEO Sam Altman. The offer complicates OpenAI’s $40 billion funding efforts and its transition to a for-profit model.