According to Cointelegraph, OpenAI CEO Sam Altman has declined a $97.4 billion acquisition offer from a group of investors led by Elon Musk. The Wall Street Journal reported that the bid was submitted to OpenAI’s board of directors on February 10. In response, Altman posted on X, formerly known as Twitter, stating, "no thank you but we will buy twitter for $9.74 billion if you want." Musk had acquired the platform for $44 billion in 2022.The exchange between Altman and Musk highlights ongoing tensions between the two, who were co-founders and co-chairs of OpenAI when it was established as a nonprofit in 2015. Musk's offer comes amid a dispute over the future direction of the artificial intelligence firm, with Altman advocating for a shift towards a for-profit model, a move Musk opposes. In August, Musk filed a lawsuit against OpenAI and Altman, alleging they breached commitments to maintain the nonprofit status. The lawsuit was initially dropped after OpenAI released emails from Musk that suggested he acknowledged the necessity for the organization to generate revenue.Musk's acquisition proposal is supported by his AI company, xAI, along with several venture and investment firms, including Baron Capital, Vy Capital, and 8VC. Marc Toberoff, Musk’s attorney, informed the Journal that the consortium is ready to match or exceed any competing offers. Toberoff emphasized the importance of ensuring that the nonprofit is adequately compensated if OpenAI's leadership intends to transition to a fully for-profit entity, given the significant impact of the technology they are developing.
According to Cointelegraph, OpenAI CEO Sam Altman has declined a $97.4 billion acquisition offer from a group of investors led by Elon Musk. The Wall Street Journal reported that the bid was submitted to OpenAI’s board of directors on February 10. In response, Altman posted on X, formerly known as Twitter, stating, "no thank you but we will buy twitter for $9.74 billion if you want." Musk had acquired the platform for $44 billion in 2022.The exchange between Altman and Musk highlights ongoing tensions between the two, who were co-founders and co-chairs of OpenAI when it was established as a nonprofit in 2015. Musk's offer comes amid a dispute over the future direction of the artificial intelligence firm, with Altman advocating for a shift towards a for-profit model, a move Musk opposes. In August, Musk filed a lawsuit against OpenAI and Altman, alleging they breached commitments to maintain the nonprofit status. The lawsuit was initially dropped after OpenAI released emails from Musk that suggested he acknowledged the necessity for the organization to generate revenue.Musk's acquisition proposal is supported by his AI company, xAI, along with several venture and investment firms, including Baron Capital, Vy Capital, and 8VC. Marc Toberoff, Musk’s attorney, informed the Journal that the consortium is ready to match or exceed any competing offers. Toberoff emphasized the importance of ensuring that the nonprofit is adequately compensated if OpenAI's leadership intends to transition to a fully for-profit entity, given the significant impact of the technology they are developing.
🚀🔥 10 ALT COINS THAT COULD MAKE YOU A MILLIONAIRE BY 2025! 💸
Discover the hidden gems that could explode in value! 🤯
1️⃣ $PEPE - The Meme Coin with SERIOUS POTENTIAL 🐸 Meme coins like $PEPE have already shown their ability to MOON when the hype hits! 🌕
2️⃣ $SOL - The Speed Demon of Blockchain ⚡ Solana's low fees and high throughput make it a TOP CONTENDER for massive growth! 🚀
3️⃣ $ADA - Cardano's Smart Contract Surge 🔑 Cardano is paving the way for a DECENTRALIZED FUTURE! $ADA could rise with the adoption of smart contracts! 📈
4️⃣ $MATIC - Polygon's Layer 2 Domination 🔗 Polygon has become Ethereum's SCALING SOLUTION of choice! $MATIC's growth potential is ENORMOUS! 🚀
5️⃣ $AVAX - Avalanche's Fast and Scalable Network 🏔️ Avalanche offers FAST TRANSACTION TIMES with a unique consensus mechanism! $AVAX could see an EXPLOSIVE RISE in 2025! 🚀
6️⃣ $DOT - Polkadot's Blockchain Interoperability 🔗 If CROSS-CHAIN COMMUNICATION becomes the standard, $DOT could easily see SIGNIFICANT PRICE INCREASES! 🔥
7️⃣ $LTC - Litecoin's Long-Standing Reliability ⚡ Litecoin has been around for YEARS and continues to be a SOLID CHOICE for crypto investors! $LTC could prove to be a STABLE OPTION for those looking to ride the 2025 wave! 💪
8️⃣ $XLM - Stellar's Cross-Border Payment Revolution 🌍 Stellar is making WAVES in the payments sector! If GLOBAL REMITTANCE FLOWS move toward blockchain, $XLM could SKYROCKET! 💸
9️⃣ $LINK - Chainlink's Decentralized Oracle Power 🌐 Chainlink is ESSENTIAL for smart contracts to interact with real-world data! $LINK's role will only GROW, making it one of the most CRUCIAL ASSETS to watch in 2025! 📊
🔟 $FLUX - The Decentralized Cloud Solution ☁️ Flux is REVOLUTIONIZING cloud computing by decentralizing the infrastructure! 🚀
Which altcoin will you choose to ride the 2025 wave? 🤔 Let us know in the comments! 💬