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Sam Altman, left, and Elon Musk. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI has officially rejected Elon Musk’s proposal to buy the artificial intelligence startup’s nonprofit parent for $97.4 billion. In a short letter to Musk’s lawyer Friday, OpenAI’s attorney, William Savitt, said the OpenAI board had reviewed the proposal and determined that…
OpenAI’s board of directors on Friday rejected a $97.4 billion bid by Elon Musk and a consortium of investors to gain control of the artificial intelligence company, deepening a feud between Mr. Musk and OpenAI’s chief executive, Sam Altman. In a statement, Bret Taylor, the chairman of the OpenAI board, said, “OpenAI is not for…
Elon Musk said in a court filing late Wednesday that he would withdraw his $97.4 billion bid to control OpenAI if the company dropped a longstanding effort to change its corporate structure. Mr. Musk and a consortium of investors had offered on Monday to buy the assets of the nonprofit that controls OpenAI, escalating a…
Federal electricity regulators on Tuesday approved a proposal from the nation’s largest electric grid operator that could effectively give new natural gas power plants priority in connecting to the grid over renewable energy sources like solar and wind. The decision, by the Federal Energy Regulatory Commission, comes as the United States faces the prospect of…
We have spent much of the past 24 hours on the telephone trying to get to the bottom of Elon Musk’s hostile bid for Sam Altman’s OpenAI. It was a development in their corporate battle (or soap opera) that few could have seen coming. Altman, who is in Paris at an A.I. summit, hadn’t even…
An artificial intelligence race is heating up between the United States and China — but don’t count Europe out. That is the case President Emmanuel Macron of France made this week as his country hosts an A.I. summit in Paris, where government leaders, top tech executives and academic experts gathered on Monday to discuss the…
To many Chinese, DeepSeek’s success is a victory for China’s education system, proof that it equals that of the United States or has even surpassed it. The core team of developers and scientists behind DeepSeek, the Chinese start-up that has jolted the A.I. world, all attended university in China, according to the company’s founder. That’s…
At President Trump’s inauguration, Sam Altman, the chief executive of OpenAI, was relegated to the overflow room while other tech billionaires like Elon Musk and Mark Zuckerberg took prime spots on the dais under the Capitol rotunda. But days earlier, before flying into Washington, Mr. Altman was on the phone with Mr. Trump, preparing an…
SoftBank is close to finalizing a $40 billion primary investment in OpenAI at a $260 billion pre-money valuation, sources told CNBC’s David Faber. SoftBank would pay out the funding, which would mean a $300 billion post-money valuation for OpenAI, over the next 12 to 24 months, with the first payment coming as soon as spring,…
Just in: The Justice Department agreed to temporarily restrict workers from Elon Musk’s cost-cutting team from gaining access to information in the Treasury Department payment system. The news comes as Washington grapples with a big debate: Can President Trump unilaterally decide to spend less on an area than what Congress has approved? It has taken…