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Elon Musk Leads Bid to Buy Assets of OpenAI for $97.4 Billion

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  • Post last modified:February 11, 2025

A group of investors led by Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, according to two people familiar with the bid, escalating a yearslong tussle for control of the company between Mr. Musk and OpenAI’s chief executive, Sam Altman. The consortium includes Vy Capital and Xai, Mr. Musk’s artificial intelligence company, as well as the Hollywood power-broker Ari Emanuel and other investors. OpenAI declined to comment on the bid. The company has not yet seen the bid, according to a person familiar with OpenAI’s potential response, but Mr. Altman posted a response. “No thank you but we will buy Twitter for $9.74 billion if you want,” Mr. Altman said. Mr. Musk replied to the post: “Swindler,” he said.

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