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Tech billionaire Elon Musk and a group of investors have offered USD 97.4 billion to acquire the non-profit arm of OpenAI, escalating an ongoing rivalry between Musk and OpenAI CEO Sam Altman. The offer was submitted by Musk’s lawyer Marc Toberoff to OpenAI’s board on Monday, The Wall Street Journal reported. 

However, it was swiftly rejected by Sam Altman, who responded on X (formerly Twitter), saying, ''No thank you, but we will buy Twitter for USD 9.74 billion if you want.''

Elon Musk's bid is backed by his AI venture xAI and several investors, including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, 8VC, Hollywood executive Ari Emanuel and Palantir co-founder Joe Lonsdale.

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Musk, who co-founded OpenAI in 2015 before exiting over internal disagreements, has been a vocal critic of the organisation. He has accused OpenAI of straying from its original open-source, non-profit mission and undermining fair competition. 

Sam Altman dismissed the offer, reinforcing OpenAI’s commitment to its current structure. In an internal Slack message to employees, he stated, “Our structure ensures that no individual can take control of OpenAI… These are tactics to try and weaken us because we are making great progress.”

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Musk’s attempted takeover comes amid his legal battle against OpenAI, where he accuses the company of betraying its founding principles. His latest move underscores his continued efforts to challenge OpenAI’s trajectory under Sam Altman’s leadership. Notably, Musk had previously acquired Twitter in a USD 44 billion deal in late 2022, but its value has since declined significantly. 

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