intellivesting

Sam Altman’s response to Elon’s $97.4B bid for OpenAI - The unsolicited offer, according to The Wall Street Journal, is being submitted to OpenAI’s board Monday through Musk’s attorney Marc Toberoff, threatens to complicate Altman’s plans to convert OpenAI into a for-profit entity and pursue a massive AI infrastructure project called Stargate.

Altman quickly dismissed the takeover attempt on social media platform X, writing: “no thank you but we will buy twitter for $9.74 billion if you want.” Musk fired back, calling Altman a “Swindler” and later posting “Scam Altman.”

The bid is backed by Musk’s AI company xAI along with investors including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, and Endeavor CEO Ari Emanuel, the Journal reported. The investor group has pledged to match or exceed any competing offers.

To be fair, he did give them their first cheque 🤣 we’re actually living in a South Park episode.

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