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Elon Musk leads an offer to buy ChatGPT’s parent company for nearly $100 billion

In a high-stakes bid that could reshape the future of artificial intelligence, Elon Musk is leading a group of investors who have offered to buy OpenAI, the parent company of ChatGPT, for $97.4 billion.

Musk has long feuded with OpenAI CEO Sam Altman and has filed a number of legal complaints against the company and Altman, claiming that the AI company and its leadership have misrepresented OpenAI as a philanthropy. Musk claims that OpenAI has broken with its founding charter by seeking to make a profit with its AI tools.

OpenAI is operated by a nonprofit that controls an entity called OpenAI LP, a for-profit company that exists within the larger company’s structure. That for-profit company took OpenAI from effectively worthless to a valuation of around $100 billion in just a few years — and Altman is largely credited as the mastermind of that plan and the key to the company’s success.

In response, Altman said in a post on X, “no thank you but we will buy twitter for $9.74 billion if you want.” Musk, who co-founded OpenAI in 2015, has since left over a dispute related to the company’s shift to for-profit work.

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