What might really be behind failed bid for OpenAI
OpenAI's board of directors has officially rejected Elon Musk's nearly $100bn offer for the maker of what is the world's best-known artificial intelligence (AI) tool, ChatGPT.
That's because the offer could still complicate CEO Sam Altman's plans to transform OpenAI from a non-profit controlled entity to a for-profit company Musk is "basically trying to stymie OpenAI's growth trajectory," said University of Cambridge associate teaching professor Johnnie Penn,That involves costs which Mr Musk is seemingly trying to inflate.
"What Musk is trying to do here is raise the perceived value of the non-profit arm of OpenAI, so that OpenAI has to pay more to get out of the obligations it has to its own non-profit," said Dr Penn.
The value of its non-profit assets isn't clear. With his bid, Musk was floating a price, according to Cornell University senior lecturer Lutz Finger, who is also the founder and CEO of AI startup R2Decide. wants to return OpenAI - which he co-founded - to its non-profit roots and original mission of developing AI for the benefit of humanity.
Others, though, suggest he has somewhat less noble motives linked to his own AI company xAI and chatbot Grok, which have received a lacklustre response from the public. n already-tense relationship appeared to worsen further last week with Mr Altman taunting Mr Musk's offer on X, and Mr Musk retorting by calling his onetime partner a "swindler".
Mr Altman then hit back in an interview with Bloomberg, opining that Mr Musk is not "a happy person" and saying his decisions are made from a "position of insecurity"
