Elon Musk leads investor group in $97.4B bid for OpenAI: WSJ

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Mon, Feb 10, 2025, 2:43 PM

According to a new Wall Street Journal report, a consortium of investors led by Elon Musk has launched a $97.4 billion bid to acquire control of OpenAI's non-profit parent organization. This comes amid an ongoing legal battle, in which Musk sued fellow co-founder and CEO Sam Altman and OpenAI, alleging the company betrayed its original mission by trying to transition to a for-profit structure.

Market Domination Overtime anchors Julie Hyman and Josh Lipton analyze Musk's potential motivations behind this acquisition offer.

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This post was written by Angel Smith