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As if Elon Musk does n’t have enough going on , a consortium of investors lead by him announced plans Mondayfor what seems to be a unfriendly takeover of OpenAI .
The investor group offered well-nigh $ 97.4 billion to buy all of OpenAI ’s assets and is “ prepared to consider matching or top high bids , ” it said in a press release send to TechCrunch .
OpenAI CEO Sam Altman is n’t having it . He immediatelyreplied on X , “ no give thanks you but we will grease one’s palms twitter for $ 9.74 billion if you want . ”
The consortium let in Baron Capital Group Inc. , Valor Management LLC , Atreides Management , LP , Vy Fund III L.P. , Emanuel Capital Management , and Eight Partners VC LLC .
While Emanuel Capital Management has a slender public visibility , the others are unwaveringly in Musk ’s orbit .
Baron Capital Group , which manages multiple common stock , was founded by Ron Baron . The firm’sBaron Partners Fund , which he manages with his son Michael Baron , has prominent stake in Tesla and SpaceX.Atreides Management is associated with Boston - found hedge stock Atreides . As we previously report , founder Gavin Baker expend 18 years at Fidelity where he made his first investment in SpaceX. Atreides has also invested in Tesla and Baker was a public supporter of Musk ’s tremendous Tesla pay bundle . Valor Management was founded by Antonio Gracias , anearly SpaceX investor and former Tesla board member . He was also an investor in Musk ’s SolarCity before Tesla acquired it . Vy Capital , base by Alexander Tamas , also has aSpaceX stake and has gift in a numberof other Musk companies like The Boring Company and Neuralink .
Eight Partners VC is well roll in the hay as Joe Lonsdale ’s firm 8VC , according topublic filing . Lonsdale is a vocal fan of Musk and runs in similar circles . He lately appear on CNBC call himself “ a huge fan ” of Musk ’s DOGE , an audience that Muskreposted on X.
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It ’s not yet decipherable how serious this chemical group is . One plausible analysis floatingaround the internetis that this is as much trolling as offer . Some say this is Musk ’s attempt to drive up the cost that Altman ’s squad would have to pay to corrupt OpenAI ’s underlie assets so as to reconstitute it from its original nonprofit status .
Musk was part of the innovation of OpenAI as a nonprofit AI research brass and Musk has been assay to haltAltman ’s restructuring plans .
