Sam Altman

February 15, 2025 11:11 AM

OpenAI rejects Elon Musk’s $97.4 billion offer

OpenAI, led by Sam Altman, has rejected billionaire Elon Musk’s $97.4 billion offer to acquire the nonprofit company. In a statement on the social media platform X, OpenAI Board Chair Bret Taylor described Musk’s bid as “an attempt to disrupt his competition.” “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” Taylor posted. He further stated that any potential reorganization of OpenAI would only str...

February 13, 2025 10:31 AM

OpenAI questions Musk-led USD 97.4 billion takeover bid, citing contradictions

OpenAI’s board of directors has raised concerns over a USD 97.4 billion takeover bid led by Elon Musk and others, questioning the rationale behind the proposal, The New York Times reported on Wednesday. On Monday, a group of investors led by Musk made the USD 97.4 billion bid to acquire OpenAI’s assets. In response, OpenAI CEO Sam Altman took a jibe at the offer on X, saying, “No thank you, but we will buy Twitter for $9.74 billion if you want.” Musk responded by calling Altman a “swi...

February 11, 2025 10:35 AM

Musk-led group makes $97.4 billion bid for control of OpenAI

A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire's fight to block the artificial intelligence startup from transitioning to a for-profit firm. Musk's bid is likely to ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the ChatGPT maker at the heart of a boom in generative AI technology. Altman on Monday promptly posted on X: "no thank you but we will buy twitter for $...

February 5, 2025 3:12 PM

India’s growing role in AI: A key market and potential global leader, says Sam Altman

As India embarks on an exciting artificial intelligence (AI) journey, OpenAI Co-founder and CEO Sam Altman on Wednesday said India is a very important market for AI and the company’s second biggest market globally. The owner of ChatGPT AI models was speaking at an event in the presence of Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw. According to Altman, who has just announced a massive $500 billion project called ‘Stargate’ building new AI infrastructure in the U...

May 15, 2024 5:16 PM

OpenAI co-founder Ilya Sutskever departs ChatGPT maker

OpenAI co-founder and chief scientist Ilya Sutskever is leaving the startup at the center of today's artificial intelligence boom. "OpenAI would not be what it is without him," OpenAI CEO Sam Altman wrote in a message to the company, which OpenAI posted on its blog. Microsoft-backed OpenAI makes the popular ChatGPT chatbot, which sparked a race among the world's largest tech companies for dominance in the emerging generative AI field. Jakub Pachocki will be the company's new chief scientist, ...

September 16, 2024 6:07 PM

Alphabet debuts beefed-up AI search and chatbot as competition heats up

Google parent Alphabet on Tuesday showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with AI rivals. The flurry of announcements underscores Google's efforts to refresh its products since Microsoft-backed OpenAI’s 2022 launch of ChatGPT dazzled the public, threatening the incumbent's long reign over online search and AI. Among Google’s latest salvos was an addit...

April 1, 2024 9:52 PM

OpenAI removes Sam Altman’s ownership of its Startup Fund

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high profile chief executive Sam Altman no longer owns or controls the fund, according to a filing with the US Securities and Exchange Commission (SEC). The change, documented in the March 29 filing, came after Altman's ownership of the OpenAI Startup Fund raised eyebrows for its unusual structure while being marketed similar to a corporate venture arm, the fund was raised by Altman from outsi...