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Sam Altman Fires Back at Musk’s OpenAI Takeover Attempt: ‘We Will Not Sell’
The feud between Elon Musk and Sam Altman intensifies as Musk offers $97.4 billion to take control of OpenAI, with Altman firmly rejecting the bid.

The feud between Elon Musk and Sam Altman, CEO of OpenAI, continues to intensify. On Tuesday, Altman criticized Musk’s "insecurity," claiming it was a driving factor behind Musk’s attempt to take control of OpenAI.

Altman Responds to Musk’s Actions

Altman quickly responded, making it clear: "OpenAI is not for sale. The OpenAI mission is not for sale." In an interview with Bloomberg, he remarked, "Probably, his whole life is from a position of insecurity, I feel for the guy," further adding that Musk isn’t a "happy person."

Musk’s Legal Moves Against OpenAI

This tension follows Musk’s ongoing efforts to block OpenAI's shift from a non-profit to a for-profit organization. Additionally, Musk filed a federal lawsuit against OpenAI, Microsoft, and Altman, raising the stakes.

Co-Founders and Growing Tensions

Although Altman and Musk co-founded OpenAI as a non-profit in 2015, Musk left before the company gained significant success. Recently, Musk led a group of investors in offering $97.4 billion to buy OpenAI, which only increased tensions between him and Altman. In response, Altman posted on X, saying, "No thank you but we will buy twitter for $9.74 billion if you want."

Altman’s Take on Musk’s Offer

At the AI Action Summit in Paris, Altman shared his thoughts on Musk’s offer. He stated that Musk’s move was likely meant to slow OpenAI’s progress. "I think he is probably just trying to slow us down. He obviously is a competitor," Altman said. Furthermore, he added, "I wish he would just compete by building a better product."

Board's Role in Decision

However, despite Altman’s public response, the OpenAI board will still play a significant role in deciding how seriously to take Musk’s offer. Larry Summers, a board member, mentioned that he had not received "any formal communication" from Musk about the bid.

Musk’s Offer Backed by Investors

Musk’s offer is not without support. It is backed by his company xAI and several investors, including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, and media mogul Ari Emanuel’s investment fund.

OpenAI’s Fundraising Plans

In the midst of this drama, OpenAI is planning a major fundraising campaign. This initiative could raise the company’s valuation to $300 billion, a significant increase from its $157 billion valuation last year. Moreover, OpenAI has undergone a board overhaul, bringing in figures like Larry Summers and Adebayo Ogunlesi.