• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Bitcoin

Sam Altman v/s Elon Musk: A $97.4 Billion Standoff Over OpenAI

Moussa by Moussa
February 12, 2025
in Bitcoin
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


In the past 24 hours, the internet has seen the rivalry between Elon Musk and Sam Altman, co-founders of OpenAI, unfold. 

Related articles

Debasement Trade Will Benefit Bitcoin, Says Grayscale

Debasement Trade Will Benefit Bitcoin, Says Grayscale

August 28, 2026
Bitfinex Signals Start of Bitcoin Price Bull Phase as Gold Tie Peaks – Bitcoin News

Bitfinex Signals Start of Bitcoin Price Bull Phase as Gold Tie Peaks – Bitcoin News

August 28, 2026

Musk, now leading a consortium of investors, has made a staggering $97.4 billion bid to acquire OpenAI, an American Artificial Intelligence (AI) research organization founded in December 2015. Importantly, OpenAI is the AI powerhouse behind ChatGPT.

However, OpenAI CEO Altman swiftly rejected the offer, escalating a long-standing feud between the tech titans over the future direction of AI development.

On 11 February 2025, Altman gave an interview to Bloomberg TV at the Paris AI Action Summit. “Elon tries all sorts of things for a long time. This is the latest — you know, this week’s episode,” he said. “I think he’s probably just trying to slow us down.”

“I wish he would just compete by building a better product,” Sam Altman says of @elonmusk in an interview with @TomMackenzieTV.

“Probably his whole life is from a position of insecurity, I feel for the guy… I don’t think he’s, like, a happy person.” pic.twitter.com/YhUmmW5iNe

— annmarie hordern (@annmarie) February 11, 2025

Explore: Sam Altman’s Worldcoin Spikes 40% After Bullish Token Unlock Announcement

“We will buy Twitter for $97.4 billion,” Says Altman 

Musk’s unsolicited offer aims to take control of OpenAI’s non-profit entity, which oversees its for-profit operations. Furthermore, he claims his intent is to steer the organization back to its original mission of open-source AI development and public benefit.

“It’s time for OpenAI to return to being the open-source, safety-focused force it was meant to be,” Musk said through his attorney Marc Toberoff.

Replying to this, Altman said, “No thank you but we will buy Twitter for $97.4 billion if you want.”

Altman accused Musk of attempting to disrupt OpenAI’s progress out of competitive insecurity. “I think he’s probably just trying to slow us down,” Altman said. He also took a personal jab at Musk, stating, “I don’t think he’s a happy person. I feel for him.” Altman further emphasized that OpenAI remains committed to its mission and is not for sale.

no thank you but we will buy twitter for $9.74 billion if you want

— Sam Altman (@sama) February 10, 2025

Explore: Union Groups Sue US Treasury Over Elon Musk’s Access To Sensitive Financial Data

An Age Old Rivalry

The tension between Musk and Altman dates back to 2018 when Musk left OpenAI after an internal power struggle over leadership. Since then, their rivalry has intensified as both have pursued competing visions for AI. 

Musk launched his own AI venture, xAI, in 2023 as a direct competitor to OpenAI.

Musk has repeatedly criticized OpenAI for deviating from its original nonprofit mission by creating a for-profit subsidiary in 2019 and securing billions in investments from Microsoft. He has accused the organization of prioritizing profit over safety and transparency in AI development. 

These criticisms have been accompanied by legal actions; Musk filed lawsuits against OpenAI in 2024 alleging breaches of competition laws and racketeering practices.

Altman has countered these claims by highlighting the necessity of commercialization to fund expensive AI research and development. 

Under his leadership, OpenAI has grown into one of the most valuable private companies globally, with technologies like ChatGPT and DALL-E driving its success.

The post Sam Altman v/s Elon Musk: A $97.4 Billion Standoff Over OpenAI appeared first on 99Bitcoins.





Source link

Share76Tweet47

Related Posts

Debasement Trade Will Benefit Bitcoin, Says Grayscale

Debasement Trade Will Benefit Bitcoin, Says Grayscale

by Moussa
August 28, 2026
0

The debasement trade is back — and will benefit bitcoin.  That’s according to asset manager Grayscale’s crypto research team, who...

Bitfinex Signals Start of Bitcoin Price Bull Phase as Gold Tie Peaks – Bitcoin News

Bitfinex Signals Start of Bitcoin Price Bull Phase as Gold Tie Peaks – Bitcoin News

by Moussa
August 28, 2026
0

Key TakeawaysBitfinex reported Bitcoin aligned with gold, driving metrics into the start of a bull expansion phase.Rising US debt concerns...

BTC and ETH ETF Inflows Slam 9-Day Winning Streak

BTC and ETH ETF Inflows Slam 9-Day Winning Streak

by Moussa
August 28, 2026
0

In Bitcoin ETF news today, BTC traded near $79,500 on August 28, up +1.1% over 24 hours, as US spot...

Capital B Raises €21M From Adam Back And TOBAM

Capital B Raises €21M From Adam Back And TOBAM

by Moussa
August 28, 2026
0

Capital B, the Euronext Growth-listed company that bills itself as Europe’s first bitcoin treasury company, has raised €21 million ($24...

CoinRabbit Hits Six Years of Incident-Free Custody With ChangeNOW’s NOWCustody

CoinRabbit Hits Six Years of Incident-Free Custody With ChangeNOW’s NOWCustody

by Moussa
August 28, 2026
0

CoinRabbit, a crypto asset management platform, has passed six years with no security incident and no loss of client assets,...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News