Sam Altman Says “No Thanks” to Musk’s OpenAI Takeover Bid!

Sam Altman isn’t mincing words when it comes to Elon Musk’s big plans for OpenAI. In a recent letter to the troops at OpenAI HQ, Altman put ‘bid’ and ‘deal’ in air quotes, signaling a hearty eye-roll at Musk’s unsolicited offer to take over. As he put it, “Our structure exists to ensure that no individual can take control of OpenAI,” reminding everyone that Musk’s motivations are all about his competitive AI playground, not OpenAI’s noble quest.

Despite the buzz surrounding Musk’s jaw-dropping $97.4 billion bid, Altman assured the staff that no official proposal has hit the board’s desk yet, and, spoiler alert: it won’t be accepted when it does! The OpenAI crew is caught in a whirlwind of anxiety and disbelief—talk about workplace drama worthy of a reality TV episode.

Musk, channeling his inner superhero, insists it’s time for OpenAI to ditch the corporate chaos and return to its open-source, altruistic roots. “We will make sure that happens,” he declared ominously. Irony alert: Musk has been embroiled in multiple legal skirmishes against OpenAI for, among other things, morphing into a profit-seeking entity.

Now, their squabble has turned the spotlight on OpenAI’s board chair, Bret Taylor. He maneuvered through Musk’s Twitter takeover like a seasoned chess player. But with OpenAI’s mix of nonprofit and for-profit strategies, the board’s a bit like cats on a hot tin roof—everyone’s uncertain where to land when it comes to Musk’s lofty bids.

OpenAI’s tricky structure is like trying to juggle flaming torches. Currently, they’re a nonprofit with a for-profit sibling, but they’re aiming to morph into a public benefit corporation. With valuations soaring to a dizzying $157 billion recently and talks of even bigger investments, the tension is thicker than a soup you forgot to stir.

Law expert Samuel D. Brunson likens Musk’s bid to laying down a price floor, ironically complicating Altman’s potential takeover. Musk’s past Twitter troubles leave folks questioning if he’ll actually pony up. Altman, putting on his skeptical glasses, quipped about Musk’s tendency to overreach, saying, “I think he’s probably just trying to slow us down.”

To cap it all off, Altman even cheekily offered to scoop up Twitter for a mere $9.74 billion if Musk insists on making waves. Musk, not one to miss a chance for a good comeback, shot back with “Swindler.” Oh boy, grab the popcorn and get ready for this tech saga’s next episode!

In a snarky letter, Sam Altman of OpenAI firmly rebuffed Elon Musk’s $97.4 billion takeover bid, emphasizing the board’s commitment to keeping OpenAI independent. Musk’s motivations are called into question as Altman affirms the board’s disregard for the unsolicited offer. The ongoing tussle highlights tensions between Musk’s business tactics and OpenAI’s mission, with humorous exchanges between the two.