🚨 Elon Musk’s $$ 97.4 billion hostile takeover bid for OpenAI ends in humiliating rejection 🚨
Elon Musk, in a move widely seen as aggressive and disruptive, launched a $$ 97.4 billion hostile takeover bid for OpenAI, the same company he co-founded but later abandoned. The offer, reported by The Wall Street Journal, was met with a swift rejection by OpenAI CEO Sam Altman, escalating an already bitter rivalry between the two tech titans.
🔥 How it unfolded:
Musk’s takeover 🤖💰 – Backed by xAI, Valor Equity Partners and 8VC, Musk attempted to regain control over OpenAI, though he eventually walked away from the company when it refused to bow to his demands. Altman’s Savage Clapback 🏆 – Instead of a lengthy rebuttal, Altman rejected Musk’s offer with a single tweet:
👉 “No thanks, but we’ll buy Twitter for $$ 9.74 billion if you want.”
A brutal mockery of Musk’s own offer, highlighting how little OpenAI values Musk’s interference.
Musk’s Childish Retort – Stung by the rejection, Musk resorted to name-calling, responding with a single word: “Con artist.”
No explanation, no argument — just a bitter insult, signaling his frustration at losing control over the most powerful AI company.
🤔 What’s really going on?
Musk has sued OpenAI, claiming it betrayed its nonprofit mission to benefit humanity. However, critics argue he’s just bitter about losing influence.
OpenAI, under Altman, has surged ahead, securing billions in funding and industry dominance. Musk’s xAI remains a struggling challenger with little to show for it.
Musk’s pattern of bullying rivals and initiating lawsuits when things don’t go his way is on full display here — this time, the world is laughing at his failure.
#OpenAI #XAI