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The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-up’s plan to change its nonprofit status.
Feb. 10, 2025, 4:22 p.m. ET
A group of investors led by Elon Musk has made a $97.4 billion bid to buy the nonprofit that controls OpenAI, according to two people familiar with the bid, escalating a yearslong tussle between Mr. Musk and OpenAI’s chief executive, Sam Altman.
The consortium includes Vy Capital and Xai, Mr. Musk’s A.I. company, and other investors, said the people, who spoke on condition of anonymity because the discussions are ongoing.
The Wall Street Journal earlier reported news of the letter.
This is a developing story. Check back for updates.
Mike Isaac is a technology correspondent for The Times based in San Francisco. He regularly covers Facebook and Silicon Valley. More about Mike Isaac
Cade Metz writes about artificial intelligence, driverless cars, robotics, virtual reality and other emerging areas of technology. More about Cade Metz
