Billionaire and entrepreneur Elon Musk, in partnership with other investors, is offering to buy the nonprofit that controls OpenAI for $97.4 billion, The Wall Street Journal reported on Monday citing the tech mogul's attorney, Marc Toberoff.
"It's time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens," Musk shared in a statement that Toberoff provided. Apart from Musk's xAI, Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, 8VC, and Endeavor CEO Ari Emanuel, are all backing the deal.
Toberoff remarked that if OpenAI CEO Sam Altman and the company's board of directors "are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time."
