Reported 1 day ago
Elon Musk's unsolicited $97 billion offer for OpenAI's assets has posed a valuation dilemma for the artificial intelligence leader, potentially complicating its transition to a for-profit model. Legal experts suggest that although the bid was quickly rejected, it may prompt regulators to take a closer look at OpenAI's restructuring. Musk's bid comes at a time when the company is attempting to raise around $40 billion from investors. OpenAI, co-founded by Musk, has firmly stated that it is not for sale, while Musk's offer raises questions about the proper valuation of its nonprofit status.
Source: YAHOO