OpenAI CEO Rejects Elon Musk's $97.4B Acquisition Offer
Key Points:
* OpenAI CEO Sam Altman declines an unsolicited $97.4 billion purchase offer from investors led by Elon Musk.
* SoftBank plans to invest $40 billion in OpenAI at a valuation of $260 billion.
* Altman suggests buying Twitter for $9.74 billion instead.
* Musk and Altman co-founded OpenAI but separated due to strategic disagreements.
* OpenAI is seeking to transition to a for-profit structure, opposed by Musk in a lawsuit.
* Musk's offer implies a higher valuation for OpenAI's assets, but legal complexities could impact its accuracy.
* Altman dismisses Musk's claims against OpenAI's Stargate Project funding.