“No thank you but we will buy twitter for $9.74 billion if you want,” Mr. Altman said on X, referring to the old name for Mr. Musk’s social media platform.
Other investors are valuing it at $300 billion, so I'm not sure why they'd advance the offer. Under what conditions would they succeed with the lower offer?
OpenAI has not yet seen the bid, according to a person familiar with OpenAI’s potential response. Mr. Musk’s unsolicited offer could complicate OpenAI’s attempt to complete a $40 billion fund-raising deal that would nearly double the high-profile company’s valuation from just four months ago.The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, according to three people with knowledge of the deal who spoke on the condition of anonymity.