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Elon Musk’s unsolicited $97 billion bid for OpenAI‘s assets has created a valuation challenge for the artificial intelligence leader, potentially complicating its planned transition to a for ...
"If the Board is determined to relinquish OpenAI, Inc.'s assets, it is in the public's interest to ensure that OpenAI, Inc. is compensated at fair market value.
Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. "When we develop super intelligence, we ...
OpenAI later stated that Musk's contributions totaled less than $45 million. [19] The organization stated it would "freely collaborate" with other institutions and researchers by making its patents and research open to the public. [20] [21] OpenAI was initially run from Brockman's living room. [22]
The bid comes at a 38% discount to Open AI's October 2024 capital raise,” Oppenheimer analyst Colin Rusch wrote in a note to investors. Tesla stock was down 6% on Tuesday.
OpenAI did not disclose the names of the investors, ... By contrast, Google parent company Alphabet trades on the public market at 5.3 times its projected revenue next year, while Nvidia trades at ...
A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial intelligence company that Musk helped found a ...
OpenAI CEO Sam Altman gave an unequivocal answer at a conference in Paris today when asked whether his company was for sale following a surprise $97.4 billion bid by an Elon Musk–led investor group.