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OpenAI rejects Musk takeover offer

Hosted on MSN · 3h

OpenAI board unanimously rejects Elon Musk’s $97.4B offer: ‘Not for sale’

OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is Musk’s latest attempt to block the startup he co-founded with CEO Sam Altman — but later left — from becoming a for-profit firm,

Reuters on MSN · 17m

OpenAI board rejects Musk’s $97.4 billion offer

Elon Musk's unsolicited move is his latest attempt to stop the startup he co-founded with Sam Altman — but later left — from going for-profit as it seeks more funding to stay ahead in AI race

The New York Times · 1d

Elon Musk Says He Will Drop OpenAI Bid if Company Preserves Nonprofit Mission

In a court filing, Mr. Musk said he and other investors would pull their $97.4 billion bid if OpenAI withdrew its plan to change its structure.

Figure AI, humanoid robot

Bloomberg L.P. · 6h

Robotics Startup Figure AI in Talks for New Funding at $39.5 Billion Valuation

Figure AI Inc., a startup developing humanoid robots, is in talks with investors to raise $1.5 billion at a valuation of $39.5 billion, according to people familiar with the matter — a move that signals the tech industry’s intensifying interest in robots that look and move like humans.

Robotics startup Figure AI in talks for new funding at $39.5 billion valuation, Bloomberg News reports

Robotics startup Figure AI is in talks with investors to raise $1.5 billion in funding that would value the company at $39.5 billion, Bloomberg News reported on Friday, citing people familiar with the matter.

TechCrunch on MSN · 3h

Figure AI is in talks to raise $1.5B at 15x its last valuation

Robotics startup Figure AI is raising $1.5 billion at a $39.5 billion valuation, a whopping 15 times higher than before. © 2024 TechCrunch. All rights reserved. For personal use only.

3d

AI investments surged 62% to $110B in 2024 while startup funding overall declined 12%

Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, but they're remaining picky ...

7d

Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say

Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by ...

10don MSN

Musk, OpenAI Set to Clash in Court Over Startup’s Restructuring

Elon Musk is stepping up his efforts to block OpenAI from restructuring as a for-profit company after it received billions of ...

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