Elon Musk's consortium has proposed a $97.4 billion bid to acquire OpenAI, the artificial intelligence entity he co-founded. This move is a counter to OpenAI CEO Sam Altman's strategy to transition the organization into a for-profit business, which Altman aims to complete by 2026. Musk's offer, submitted by his attorney, claims that if OpenAI is intent on becoming a fully profit-driven entity, it is crucial for the charity to be adequately compensated for what control it would be relinquishing. Musk's group aligns with his AI company, xAI, and includes notable investors like Valor Equity Partners and Ari Emanuel's investment fund. After Musk's initial departure from OpenAI in 2019, Altman transformed the organization into a for-profit model, which has faced resistance. Altman humorously dismissed Musk's bid offer on social media, suggesting a parody transaction for Twitter instead. If successful, Musk's plan would merge xAI with OpenAI and revert its focus back to safety and open-source principles.

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