Musk's $97bn bid for OpenAI complicates fundraising and Stargate plans
Elon Musk has offered to buy the non-profit part of OpenAI for $97.4 billion. The pitch, which Musk says is backed by a group of investors, comes as OpenAI is trying to shift to being for-profit, raise tens of billions, and spend them on the data center initiative Stargate.
Musk's $97.4 Billion Bid for OpenAI Faces Rejection Amid Valuation Disparity
Tesla (TSLA, Financials) founder Elon Musk and a group of investors have made an unsolicited $97.4 billion bid to acquire the nonprofit entity that controls OpenAI. Considered as a reaction to halt OpenAI's capital-raising efforts,
The post OpenAI could reach $300 billion valuation after new funding round appeared first on Android Headlines.
OpenAI is in talks to double its valuation to $300 billion, while rival Anthropic is finalizing a funding round that would value it at $60 billion. Still, investors face fresh questions about ...
Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by ...
Musk’s bid for OpenAI - I doubt the business rationale for the bid. However, the bid itself could signal an issue with the ...
Elon Musk announces $97.4 billion bid to buy ChatGPT maker OpenAI, with CEO Sam Altman saying 'no thank you' and offers to ...
Should OpenAI raise the $40bn, it would be a record single funding round for a private company, vaulting its valuation beyond that of TikTok owner ByteDance, and only $10bn behind SpaceX. This is even ...
SoftBank and OpenAI are ... give OpenAI a $260B valuation, CNBC reported. In SoftBank’s latest OpenAI investment, the Japanese tech investor is expected to pay out the funding over the next ...
Elon Musk’s bid to buy OpenAI debunks arguments he’s making in court that the artificial intelligence startup’s assets cannot be “transferred away” for “private gain,” lawyers for the startup and ...
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