Following Monday’s news that an Elon Musk and xAI-backed group offered OpenAI’s board $97.4 billion for control over the company, CEO Sam Altman has declared OpenAI “not for sale.” While the board will have to review the offer, it is unclear if they will seriously consider an off that effectively amounts to a hostile takeover of the company.
“Elon tries all sorts of things for a long time. This is the latest — you know, this week’s episode,” Altman said during a Bloomberg TV interview at the Paris AI Action Summit Tuesday. “I think he’s probably just trying to slow us down.”
Previously, Musk cosigned an open letter demanding that the AI industry as a whole enact a six-month hiatus in developing models more complex than GPT-4 before launching his xAI company almost exactly six months later. More recently, Musk disparaged OpenAI’s $500 billion Stargate Project, claiming that the consortium backing the plan did not have the funds to do so. When asked about those comments in the interview, Altman said “I’m not the one who tweeted funding secured. I just actually try to show up and build,” referencing Musk’s infamous Tesla tweet.
OpenAI currently operates as a nonprofit organization that controls the subsidiary OpenAI LP for-profit company. The for-profit LP company is what helped OpenAI develop from a bare-bones research startup to an industry leader valued at around $100 billion. The company now intends to flip that hierarchy on its head with the for-profit entity controlling the non-profit arm as a subsidiary, a matter over which Elon Musk is currently suing.
“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk’s attorney, Marc Toberoff, told CNBC. As part of the offer, Musk’s own generative AI company, xAI, would merge with OpenAI (with, presumably, Musk at the helm instead of Altman).
“I wish he would just compete by building a better product, but I think there’s been a lot of tactics,” Altman said in the Bloomberg interview. “Many, many lawsuits, all sorts of other crazy stuff, now this. And we’ll try to just put our head down and keep working.”
When asked whether Musk’s strategy against OpenAI comes from “a position of insecurity,” Altman took a moment to savage his business rival.
“Probably his whole life is from a position of insecurity. I feel for the guy,” he said. “I don’t think he’s, like, a happy person. I do feel for him.”
Microsoft’s new Surface laptops have arrived, and they’re more than just routine refreshes. According to Microsoft, powered by Snapdragon X processors
OpenAI is reconfiguring its rollout plan for upcoming AI models. The company’s CEO, Sam Altman shared on social media on Friday that it will delay the
If you hadn’t heard, ChatGPT’s memory just got a whole lot better. Rolled out across the world to Plus and Pro users over the past few days, ChatGPT’s
About a year ago, I started learning how to code in Swift, Apple’s app development language. The idea was to eventually be able to build my own iOS ap
ElevenLabs, the buzzy New York-based company specializing in AI audio tools, is diving headfirst into the world of audiobook publishing. Merely days a
OpenAI released its Sora text-to-video generation tool late in 2024, and expanded it to the European market at the end of February this year. It seems
Apple’s efforts with putting advanced AI capabilities across its ecosystem, the way Google has implemented them with Gemini, have a lot of ground left
ChatGPT is becoming more accessible to the masses. Its ChatGPT Search feature is now available without having to log in to the popular chatbot. Parent
We are a comprehensive and trusted information platform dedicated to delivering high-quality content across a wide range of topics, including society, technology, business, health, culture, and entertainment.
From breaking news to in-depth reports, we adhere to the principles of accuracy and diverse perspectives, helping readers find clarity and reliability in today’s fast-paced information landscape.
Our goal is to be a dependable source of knowledge for every reader—making information not only accessible but truly trustworthy. Looking ahead, we will continue to enhance our content and services, connecting the world and delivering value.
