Elon Musk reportedly offers $97.4B for OpenAI, Sam Altman says 'no thank you'
Published On Feb 10, 2025, 4:58 PM
Elon Musk made a $97.4 billion offer to acquire OpenAI, which was declined by its CEO Sam Altman. This offer is significantly lower than a reported valuation by SoftBank of $260 billion for OpenAI, which is seeking to transition into a for-profit entity. The situation is further complicated by a legal dispute involving Musk regarding the company's structure and valuation. Despite Musk's offer, legal experts suggest that the unpredictable aspects surrounding OpenAI's future profitability and existing debts may affect its valuation significantly.
Stock Forecasts
MSFT
Positive
Given the ongoing legal disputes and volatility surrounding OpenAI's transition to for-profit, as well as public commentary that may affect perceptions of its value, cautious investors may view this as a period of uncertainty for companies associated with AI. However, the interest from major players like Musk and SoftBank indicates confidence in the sector.
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