In a high-stakes tech showdown, OpenAI’s CEO Sam Altman has turned down Elon Musk’s whopping $97.4 billion bid to take over the AI powerhouse. The Wall Street Journal revealed that Musk’s offer, made on February 10th, was briskly rejected by Altman who quipped on X, “No thank you but we will buy Twitter for $9.74 billion if you want.”
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Tech Titans Battle it Out
The backstory is as tangled as the technologies they develop. Altman and Musk, who helped launch OpenAI together in 2015, have since diverged sharply in their visions for the company. While Altman pushes for a profitable model, Musk advocates a return to non-profit roots. He emphasizes open-source and safety. Their feud escalated into legal threats, with Musk suing over alleged deviations from their non-profit commitment. However, he later withdrew the suit after some of his compromising emails surfaced.
Musk’s attempt to reclaim control via a monumental bid—backed by his AI company xAI and other investment heavyweights—highlights the intense struggle over the direction of AI development. Marc Toberoff, Musk’s lawyer, asserts, “If OpenAI Inc. goes fully for-profit, it’s crucial that the charity is fairly compensated.” Meanwhile, OpenAI, with a recent valuation soaring to $260 billion, continues to attract massive investments.
What Are the Best AI Stocks?
For investors interested in investing in the artificial intelligence sector, we have rounded up the best stocks that analysts are bullish about, using the TipRanks Stock Comparison tool. From this graphic, it appears that analysts are most bullish about Nvidia (NVDA), Amazon (AMZN), Micron (MU), Meta (META) and Microsoft (MSFT).
