Sumit Agarwal
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Added February 11, 2025

9 min 30 sec

The Big Story: Elon Musk $97.4 billion bid for OpenAI - Not worth it for Altman?

The Big Story: Elon Musk $97.4 billion bid for OpenAI - Not worth it for Altman?

Summary

Elon Musk has placed a $97.4 billion bid to acquire OpenAI, the AI organisation he co-founded in 2015.

This offer comes after tensions with OpenAI’s leadership, particularly over the company’s shift from a non-profit to a for-profit model.

His bid raises important questions about the future direction of OpenAI, the ethical considerations of AI development, and Musk’s broader influence on the industry.

On The Big Story, Hongbin Jeong speaks to Sumit Agarwal, Low Tuck Kwong Distinguished Professor of Finance at the Business School and a Professor of Economics and Real Estate at the National University of Singapore, to find out more.

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Sumit Agarwal
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