Elon Musk’s offer to buy OpenAI for $97.4 billion, backed by a consortium of investors, could force OpenAI’s board of directors to reassess how it is valuing the nonprofit.
Sam Altman stated that he believes Musk’s offer is merely a tactic to slow OpenAI down. In response, he expressed willingness to buy X (Twitter) for $9.74 billion—a figure that some might find offensive to Musk, given X’s current valuation.
OpenAI is currently negotiating how much equity Microsoft should get in its for-profit company – satisfying all those parties was already complicated. The company must get approval for its conversion from attorneys general in California and Delaware – these officials will oversee the valuation of the nonprofit’s assets during a sale to ensure it is properly compensated.
