Elon Musk wants to take over OpenAI
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 February 2025
⏱️ 7 minutes
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Summary
Elon Musk is leading efforts to buy artificial intelligence leader OpenAI, the maker of ChatGPT, for roughly $100 billion. OpenAI’s founder, however, is not interested. We’ll hear more about the unsolicited bid. Plus, the new head of the Consumer Financial Protection Bureau has ordered employees to stop work. We’ll look at the problems the CFPB was set up to solve. Also: how blue state republicans in the House could throw their weight around.
Transcript
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| 0:00.0 | call it an unsolicited bid or a hostile takeover attempt but of a non-profit i'm david brancaccio |
| 0:08.6 | elon musk is leading a group trying to buy artificial intelligence leader open ai the maker of chat gpt the group |
| 0:16.1 | says it's willing to pay nearly a hundred billion dollars for what is now a non-profit trying to become a for-profit. Musk says it is |
| 0:23.0 | about safe AI and honoring the firm's charitable routes, but OpenAI's founder is not interested. Here's |
| 0:29.4 | Marketplace's Nova Saffo. Elon Musk's purchase offer employing a group of investors escalates an |
| 0:35.4 | ongoing feud between him and OpenAI's CEO, Sam Altman. |
| 0:39.9 | The two helped start the company, but Musk left in 2018. |
| 0:43.4 | Now Altman wants to turn the chat GPT maker into a fully for-profit company. |
| 0:48.7 | Currently, there's a for-profit subsidiary controlled by a non-profit board. |
| 0:53.4 | Musk has objected to that change, saying it violates the founding mission of OpenAI to focus |
| 0:58.9 | on artificial intelligence research for the public good. The two sides are now in court |
| 1:03.4 | battling over the company's future, and based on a hearing last week, the legal wrangling |
| 1:07.4 | could take at least another year. The Wall Street Journal says Altman wrote a message to employees dismissing Musk's offer, saying, quote, |
| 1:14.4 | our structure ensures that no individual can take control of open AI. |
| 1:19.9 | I'm Novosha for Marketplace. |
| 1:22.3 | President Trump has ordered the Justice Department to lay off prosecuting bribery cases under the Foreign Corrupt |
| 1:28.5 | Practices Act. This is for now pending a review. Companies have often felt at a disadvantage |
| 1:33.4 | when foreign firms can sometimes bribe officials to get contracts, while U.S. companies cannot. |
| 1:39.3 | President Trump says under the nearly century old law, too often U.S. dealmakers worry about |
| 1:44.1 | jail when they pick up |
| 1:45.5 | the phone. Markets, S&P, and NASDAQ futures are down between three and four-tenths of a percent. |
| 1:51.7 | The average 30-year fixed-rate mortgage is holding at just above 7 percent. It was nearly a percentage |
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