ELON MUSK $97.4 BILLION OPENAI BID @KASIBCNEWS

#MAKEKASIGREAT @KASIBCNEWS

 


ELON MUSK $97.4 BILLION OPENAI BID @KASIBCNEWS 

Elon Musk just lobbed a $97.4 billion unsolicited bid to buy OpenAI’s nonprofit parent, throwing a wrench into Sam Altman’s plan to restructure the company and raising serious questions about its valuation.

Musk co-founded OpenAI in 2015 but left in 2018 after a power struggle. Since then, OpenAI has gone from a nonprofit AI research lab to a Microsoft-backed AI powerhouse with a for-profit subsidiary. Now, as Altman works to spin off the nonprofit and raise $40 billion from SoftBank, Musk is pushing back, both in court and with his latest bid.

On Monday, Musk—backed by xAI, Vy Capital, and Hollywood power player Ari Emanuel—offered $97.4 billion for the nonprofit parent. The catch? Nonprofits don’t have shareholders, so buying one isn’t even straightforward. But the offer puts OpenAI in a tight spot: if they won’t sell for $97.4 billion, then they clearly think it’s worth more, which undermines Altman’s claim that the nonprofit is fairly valued at $40 billion.

Altman dismissed the bid immediately, trolling Musk on X: “No thank you but we will buy Twitter for $9.74 billion if you want.” Musk clapped back with “Swindler.”

Takeaway: Musk may just be trolling OpenAI as part of his ongoing lawsuit, but his offer still creates chaos. Regulators could now take a harder look at OpenAI’s nonprofit status, the SoftBank deal could be in jeopardy, and Musk has exposed a major valuation problem. If OpenAI won’t take nearly $100 billion, how does it justify pricing the nonprofit at $40 billion? Whether Musk is serious or not, he’s made one thing clear, Altman’s plan just got a lot messier.




Comments

Post a Comment

KASIPEOPLE

Popular posts from this blog

CAPE TOWN INTERNATIONAL AIRPORT @KASIBCNEWS

#MAKEKASIGREAT @KASIBCNEWS
Image
CAPE TOWN INTERNATIONAL AIRPORT @KASIBCNEWS Please see attached soundbites in English and Afrikaans by Dr Chris Hunsinger MP @KASIBCAUDIO  The DA will request an urgent Parliamentary Portfolio Committee hearing on the ongoing and growing breakdowns of service at South Africa’s major airports. Minister Creecy and the senior management of ACSA must be called to report to committee on the scope of the brewing crisis, and their plans to address it. It is unacceptable that flights are being grounded at South African airports due to failures by entities within the Department of Transport. It simply cannot continue. This week, flights were delayed and diverted at Cape Town International Airport due to a fuel pump failure under the management of Airports Company South Africa (ACSA). Earlier this month, alarming reports revealed that ACSA has fuel supply at OR Tambo International Airport only until the end of January 2025, raising grave concerns about operational stability in February. Mini...
Read more

Prisoners Electric Shocking by Wardress @KASIBCNEWS

#MAKEKASIGREAT @KASIBCNEWS
Image
Prisoners Electric Shocking by Wardress @KASIBCNEWS  SAPOHR is Angered, Shocked and Outraged about the death of a Female Prisoner at Jhb a Female Prison, through Electric Shocking by Wardress The South African PRISONERS ORGANISATION FOR HUMAN RIGHTS (SAPOHR), is fuming after we learned of the sudden death of Female Prisoner, /Revo/ the .late Ayanda Jandisa Mkhize at the hands of those who were entrusted with the official duties to safe guard her protect and keep her , at Jhb Female Prison, whilst she serve her duties to the community she violated, says Golden Miles Bhudu, National spokesperson of SAPOHR SAPOHR was contacted by a family member an hour ago via a Whats-Up note (find attached),and was informed of this tragic incident, where the late Ms. Ayanda Jandisa Mkhize, who was found with a cellular phone during a random strip search, and was isolated from the rest of her fellow inmates, taken to an isolated spot and shocked with Electric Wires as a form of torture to confess ...
Read more

SANDF SOLDIERS GUNNED DOWN IN DRC @KASIBCNEWS

#MAKEKASIGREAT @KASIBCNEWS
Image
SANDF SOLDIERS GUNNED DOWN IN DRC @KASIBCNEWS   Today’s Joint Portfolio Committee meeting on Defence was a crucial moment for the government to be held accountable for the ongoing crisis in the Democratic Republic of Congo (DRC), where our troops are once again caught in the crossfire of a foreign conflict. The meeting saw MPs from the DA push the Minister of Defence and Military Veterans, Angie Motshekga, and the chiefs of the defence force for clarity on key questions. The DA’s MPs demanded to know where the advice for the SANDF deployment came from, who gave that advice, and what oversight measures were in place to ensure the safety and readiness of our troops. Additionally, they asked where the counterintelligence operations were, given the precise coordination and mortar fire of M23 rebels—indicating that the attack was meticulously planned over a number of weeks. Instead of providing the answers South Africans deserve, the Minister and President continue to stonewall and...
Read more