Elon Musk Heads $100 Billion Bid to Purchase ChatGPT’s Parent Company

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00:00Elon Musk heads $100 billion bid to purchase ChatGPT's parent company.

00:05Elon Musk is leading a group of investors offering $97.4 billion to buy OpenAI,

00:11the company behind ChatGPT, in a high-stakes move that could change the future of artificial

00:16intelligence. Musk has had a long-standing disagreement with OpenAI CEO Sam Altman

00:21and has filed several legal complaints against the company. He argues that OpenAI,

00:26which was originally meant to be a non-profit, is now trying to make money from its AI technology,

00:31which goes against its founding goals. OpenAI is run by a non-profit organization,

00:37but it also owns a for-profit company called OpenAI LP. This for-profit branch helped grow

00:43OpenAI from being worth almost nothing to being valued at about $100 billion in just a few years.

00:49Sam Altman is mostly credited with making this happen.

00:52Musk's investment could give him control of OpenAI, competing with his company X.AI.

01:01Attorney Mark Toberoff emphasized fair compensation if OpenAI transitions to for-profit.

01:07Altman humorously countered by proposing to buy Twitter for $9.74 billion.

01:12The founders of OpenAI started the company because they were worried that artificial

01:17general intelligence could be dangerous for humanity. They created a board to review the

01:22company's products, and the code for those products was made public.

01:28In late 2023, OpenAI's board fired and reinstated Altman amid concerns of rapid progress compromising

01:35safety. Musk sued in 2024, dropping it after emails showed his initial support for profit-driven AI work.

01:42Musk filed a new lawsuit in August 2024, accusing OpenAI of rushing to create powerful AGI to make

01:49money. He also accused the company of racketeering. OpenAI responded, saying Musk was upset that he was

01:55no longer part of the company, especially after his attempt to convince his co-founders to let

02:00Tesla buy OpenAI in 2018 didn't succeed.