Elon Musk is leading a consortium that has offered $97.4 billion to acquire OpenAI, a nonprofit that he co-founded but later distanced himself from. The bid, submitted through Musk's attorney, aims to halt OpenAI's transition into a for-profit entity under CEO Sam Altman. Musk stated that if Altman and the current board wish to proceed with the for-profit conversion, its charity roots should be adequately compensated. The bid is backed by several high-profile investors, including firms associated with Palantir co-founder Joe Lonsdale. Musk's proposal seems to be a direct response to Altman's plans, which include a $6.6 billion funding round intended to complete the transition by late 2026. Any higher bids would be matched according to Musk's attorney. Amidst this, OpenAI reported that it is facing a potential hacker breach, which adds to the current turmoil regarding its direction and security initiatives.

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