Elon Musk Leads a $97.4 Billion Investment Consortium Bid to Acquire OpenAI
A consortium of investors led by billionaire Elon Musk has submitted a $97.4 billion bid to acquire OpenAI,
aiming to restore its status as a nonprofit organization, according to The Wall Street Journal.
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Elon Musk
Mark Toiberov, Musk’s attorney, stated that the offer was presented to OpenAI’s board on Monday,
emphasizing that the goal is to return the company to its roots as an open-source entity focused on safety and public interest.
Toiberov quoted Musk as saying, “It is time for OpenAI to return to its original principles, and we will ensure that happens.”
Musk co-founded OpenAI with Sam Altman in 2015 as a nonprofit organization.
However, Altman, who has served as CEO since 2019, transitioned the company into a for-profit entity,
leading Musk to file a lawsuit against him.
This bid follows reports indicating that OpenAI is in talks with SoftBank to raise new funding,
potentially increasing its valuation to between $300 billion and $340 billion,
making it one of the world’s largest AI startups.
Donald Trump
Trump Sparks Controversy Over Ukraine’s Future, Calls for U.S. Compensation on Aid
Former U.S. President Donald Trump has stirred controversy by suggesting that Ukraine might become part of Russia in the future as part of efforts to end the nearly three-year-long war between Moscow and Kyiv.
In an interview with Fox News, Trump remarked, “They may reach a deal, or they may not.
They could become Russians someday, or maybe not,” alluding to a potential diplomatic resolution to the conflict.
Trump also stressed that the United States should receive financial compensation for the aid provided to Ukraine,
stating, “I told them I want the equivalent of $500 billion in rare minerals, and they essentially agreed.”
Ukraine possesses vast natural resources, including lithium, titanium, coal, oil, natural gas, and uranium
—critical materials for modern technology industries.
Lagarde
Eurozone Economy Continues to Recover as Inflation Moves Toward Target
European Central Bank (ECB) President Christine Lagarde affirmed that economic conditions in the eurozone continue to support recovery,
noting that inflation is on track to return to the 2% target by the end of the year.
However, Lagarde warned of prevailing risks on both sides, emphasizing the need for a flexible approach to monetary policy.
She stated that the ECB is not committed to a predefined interest rate path,
with future decisions depending on economic data and evolving conditions.
She also highlighted that ongoing global economic fluctuations could lead to increased shocks in the coming period,
requiring a dynamic monetary response to maintain market stability and support economic growth in the eurozone.
Elon Musk Leads a $97.4 Billion Investment Consortium Bid to Acquire OpenAI