Elon Musk-Led Group Makes A Surprise ₹800 Crore Bid To Take Over OpenAI, Amid Feud With Sam Altman

In a new development, not just from the world of AI, but the Elon Musk universe, the Tesla, SpaceX & xAI boss has made a surprise bid to take over ChatGPT maker, OpenAI. The company is currently run by Sam Altman, with backing from Satya Nadella-run Microsoft.

According to reports, the Elon Musk-led group made a USD 97 billion or about Rs 800 crore, bid to take over OpenAI.

The comes at a time, when the rivalry between Elon Musk and OpenAI CEO, Sam Altman, has only raged like a wildfire.

The Musk-Altman Battle

Musk and Altman have been at loggerheads over control of OpenAI, its action and Artificial intelligence, and its direction at large.

Musk is of the opinion, that OpenAI should be open source, while Altman wants to retain its closed source nature.

There have accusations and counter accusations between the two in the recent past, where they have exchanged barbs against each other on X.

Musk, time and again has called Altman a charlatan, while Altman has accused Musk of wanting complete control over OpenAI.

Previously, Musk had also intervened and tried to block OpenAI from becoming a for-profit company by approaching the courts. The company currently is a not-for-profit company.

OpenAI Looks To Touch USD 300 Billion

When it comes to the company's valuation, OpenAI, in its last round of funding, was valued at USD 157 billion.

It is now looking for the next round of funding, and with the help of the likes of Japan's SoftBank, it aims to attain the valuation of around USD 300 billion, which would make it one of the most valuable companies.

This could put OpenAI ahead of even Musk's own Tesla, which is said to be valued above USD 160 billion. Tesla's current market cap is at USD 1.128 trillion, making it the 8th company on the list of largest companies, in terms of market capitalisation.