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Elon Musk’s Move with OpenAI: Who is Behind the $97 Billion Offer?

A group led by Elon Musk has been rumored to have made an offer for the artificial intelligence company OpenAI. The identity of the investors involved in this offer has also been a topic of interest. Here are the individuals behind the $97 billion proposal… It is claimed that a group of investors led by the American billionaire Elon Musk has presented an offer of around $97.4 billion to acquire the artificial intelligence company OpenAI. The CEO of OpenAI, Sam Altman, who is the developer of the artificial intelligence model ChatGPT, reportedly rejected the offer through X account and responded with, “If you want, we can buy Twitter for $9.74 billion.” It has been indicated that the investor group could offer a higher bid for all of OpenAI’s assets. Additionally, details about the composition of Musk’s investor group are beginning to emerge. According to TechCrunch, the consortium that made the offer consists of Baron Capital Group, Valor Management, Atreides Management, Vy Fund III, Emmanuel Capital Management, and Eight Partners VC. The asset management firm Baron Capital Group is led by founder Ron Baron and his son Michael Baron. Baron Partners Fund holds significant shares in Tesla and SpaceX. The founder of Boston-based Atreides Management, Gavin Baker, is also known for his investments in SpaceX and Tesla. Baron and Baker were among the strongest supporters of the controversial $56 billion compensation plan prepared for Tesla CEO Elon Musk. Valor Management was founded by early SpaceX investor and former Tesla board member Antonio Gracias. Gracias was also an investor in Musk’s SolarCity company before it was acquired by Tesla. During the establishment of OpenAI, Elon Musk was trying to halt Altman’s restructuring plans.

Elon Musk’s Move with OpenAI: Who is Behind the $97 Billion Offer?

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Elon Musk’s Move with OpenAI: Who is Behind the $97 Billion Offer?

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