Musk offered nearly $100 billion for control of OpenAI.

Elon Musk has offered $97.4 billion for control over OpenAI.

According to The Wall Street Journal, this news has emerged.

As reported by the publication, a group of investors led by his company xAI has submitted this proposal to the board of directors of OpenAI. The investors aim to acquire the non-profit organization that oversees the commercial division of OpenAI.

The CEO of OpenAI has already responded to this news on X. “No, thank you, but if you want, we’ll buy Twitter for $9.74 billion,” wrote Sam Altman on the social network owned by Musk.

“It’s time for OpenAI to become open again, a force focused on safety, for the good it once was. We will ensure that this happens,” Musk stated in a comment relayed to WSJ by his lawyer.

OpenAI is not a traditional company, and the non-profit structure that Altman and other executives are looking to move away from is likely, conversely, trying to protect the company from acquisition, WSJ writes.

The publication reminds that in January, Musk's lawyer Mark Toberoff sent a letter to the attorneys general of California, where OpenAI is based, and Delaware, where it is registered, requesting an auction to sell a stake. OpenAI labeled Musk's legal claims as baseless. In December, the company published documents indicating that Musk supported the transformation of OpenAI into a commercial entity but left because he could not gain control over it.

The day after the inauguration, Donald Trump and Altman presented the "Star Gateway" project, which involves investing up to $500 billion over the next four years into American data processing centers. Despite his close ties with Trump, Musk was not present. Later, he called Altman a fraud. Altman rejected the accusations, WSJ reports.

Background. Earlier, Mind reported that Elon Musk proposed to Twitter to revive the acquisition deal for the company at a price of $54.2 per share.