What is Elon Musk’s takeover bid for OpenAI worth?

Elon Musk’s $97.4 Billion Takeover Bid for OpenAI

Elon Musk just launched a massive $97.4 billion bid to acquire OpenAI! This announcement came through his lawyer, Marc Toberoff, to The Wall Street Journal. Back in 2015, Musk co-founded OpenAI with Sam Altman. Today, he’s already battling OpenAI in court over their shift from nonprofit status. This takeover bid takes their rivalry to an entirely new level!

Musk’s xAI company is backing this ambitious takeover, sparking speculation about a potential merger. The tech billionaire’s mission? Transform OpenAI back into an open-source, safety-focused organization, just like his company’s Grok model. Sam Altman’s witty comeback on X? “No thank you, but we’ll buy Twitter for $9.74 billion if you want” – a clever jab at Musk’s $44 billion Twitter purchase in 2022.

This potential shift to open-source could revolutionize how entrepreneurs and small businesses operate! This battle isn’t just about tech giants – it’s about democratizing AI for everyone!

France’s $112 Billion AI Revolution: Macron’s Answer to Stargate

Emmanuel Macron just dropped a MASSIVE announcement! France is injecting €109 billion into AI development, matching the U.S. Stargate project’s scale relative to population! At the Artificial Intelligence Action Summit in Paris, following major events in Bletchley Park and Seoul, Macron unveiled this game-changing investment package on France 2 TV. The United Arab Emirates and MGX are bringing €50 billion, Brookfield’s adding €20 billion, with Bpifrance and Iliad contributing €10 billion and €3 billion!

Mistral AI’s CEO Arthur Mensch announced plans for a multi-billion euro AI cluster in Essonne. This positions France as a major player alongside tech giants like OpenAI, Anthropic, and DeepSeek! France’s secret weapon? Nuclear power! With surplus clean energy production and the most stable grid in Europe, France exported 90TWh of electricity in 2024. This makes it the perfect home for power-hungry AI data centers!

Macron’s message is clear: “Europe is going to speed up, France is going to speed up!” The AI race is heating up, and France is positioning itself as Europe’s AI powerhouse! 🚀

Weekly AI Updates featuring Elon Musk's OpenAI Takeover Bid, the Artificial Intelligence Action Summit in Paris, and Pres. Emmanuel Macron Cover Photo

Frequently asked questions

Elon Musk has launched a $97.4 billion takeover bid for OpenAI through his lawyer Marc Toberoff. This ambitious move aims to acquire the AI company he co-founded with Sam Altman in 2015. The bid is backed by Musk’s xAI company and represents his attempt to return OpenAI to its original open-source, nonprofit mission.
Musk’s primary goal is to transform OpenAI back into an open-source, safety-focused organization, similar to his company’s Grok model. This aligns with his original vision when co-founding OpenAI in 2015. The acquisition attempt comes amid an ongoing legal battle over OpenAI’s shift from nonprofit status, highlighting Musk’s commitment to democratizing AI technology.
France is investing €109 billion (approximately $112 billion) in AI development, as announced by President Emmanuel Macron at the Artificial Intelligence Action Summit in Paris. This investment package includes contributions from multiple partners: €50 billion from the UAE and MGX, €20 billion from Brookfield, €10 billion from Bpifrance, and €3 billion from Iliad.
France’s competitive advantage in AI development stems from its robust nuclear power infrastructure, providing surplus clean energy production and Europe’s most stable power grid. In 2024, France exported 90TWh of electricity, making it ideal for power-intensive AI data centers. This energy stability, combined with significant investment and government support, positions France as a potential European AI hub.
Sam Altman responded with humor on X (formerly Twitter), stating “No thank you, but we’ll buy Twitter for $9.74 billion if you want.” This was a clever reference to Musk’s $44 billion Twitter purchase in 2022, indicating the ongoing rivalry between the two tech leaders.
France’s €109 billion AI investment matches the scale of the U.S. Stargate project relative to population size. This positions France as a major competitor alongside established AI leaders like OpenAI, Anthropic, and DeepSeek, while demonstrating Europe’s commitment to becoming a significant player in the global AI race.
Mistral AI, through CEO Arthur Mensch, has announced plans to establish a multi-billion euro AI cluster in Essonne, France. This development will be a crucial part of France’s AI ecosystem, contributing to the country’s ambition to become Europe’s leading AI powerhouse and competing with major global AI companies.
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Gor Gasparyan

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