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Musk-led group offers $97.4bn for OpenAI takeover; Sam Altman gives counter-offer

IndiaTimes Tuesday, 11 February 2025 ()
A group of investors led by Elon Musk has made a $97.4 billion bid to acquire the nonprofit that controls OpenAI, creating a major power struggle with CEO Sam Altman. The offer complicates OpenAI’s $40 billion funding efforts and its transition to a for-profit model.
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