Elon Musk's $97.4B Bid to Take Over OpenAI

Elon Musk-led group has reportedly made a $97.4 billion bid to take over OpenAI, according to the Wall Street Journal. The offer, submitted by Marc Toberoff, a lawyer representing Musk, aims to return the non-profit controlling OpenAI to its original mission of being an open-source, safety-focused force for good.

The bid is a strategic shift from the ongoing legal feud between Sam Altman, OpenAI's CEO, and Elon Musk. Musk has previously criticized Altman for pushing the AI firm to become a for-profit entity. The $97.4 billion offer is significantly lower than the projected valuation of $340 billion for OpenAI, but it remains uncertain how the board will react to the bid.

If approved, this would mark a major acquisition led by Elon Musk since the $44 billion acquisition of X, formerly Twitter Inc. This is a developing story, and we will provide updates as more information becomes available.