ELON MUSK $97.4 BILLION OPENAI BID @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...