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Musk's $97.4B Bid for OpenAI Rejected

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16 hours ago

Summary

Musk submits massive bid for OpenAI; CEO dismisses it as an attempt to slow them down; OpenAI's board may formally reject the bid.

Key Points

OpenAI CEO Sam Altman dismissed Elon Musk's $97.4 billion unsolicited bid for the nonprofit organization, saying it was an attempt to slow them down.
Musk's AI company xAI has raised a lot of money and is trying to compete with OpenAI from a technological perspective.
It seems increasingly likely that OpenAI's board will formally reject Musk's offer.

Why It Matters

The rejection of Musk's bid highlights the ongoing competition between OpenAI and xAI in the AI space, with significant implications for the development of artificial intelligence technology.

Author

Kyle Wiggers

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