Elon Musk Threatens $97.4B OpenAI Takeover to Halt Profit-Driven Shift; Altman Defends AI Innovation
February 12, 2025
As winter storms are expected to impact the northeastern and midwestern United States, safety concerns and potential disruptions are on the rise.
In defense of his strategies, Altman has highlighted the critical need for innovation and progress within AI technologies.
The ongoing feud between Musk and Altman could have significant implications for public perception and policy regarding technology and AI.
Tesla faces heightened competition in the electric vehicle and autonomous vehicle sectors, particularly from companies like Waymo and BYD, which are advancing their technologies and pricing strategies.
Sales figures in Europe reveal a troubling trend for Tesla, with a dramatic 60% drop in registrations in Germany in January 2025 compared to the previous year, alongside declines in other key markets.
Elon Musk is taking a stand against Sam Altman's plans to transition OpenAI into a for-profit entity, threatening to withdraw a substantial $97.4 billion takeover bid if the board does not reverse this decision.
The situation surrounding Musk's opposition to OpenAI's shift to for-profit status is ongoing, with further developments anticipated.
In the tech market, Hong Kong's stocks have surged, with the index for the 30 largest companies climbing 27% over the past month.
Founded in 2015 as a nonprofit, OpenAI has emerged as a frontrunner in the generative AI sector, with its ChatGPT technology significantly boosting its global profile.
Musk's legal team submitted a statement in a California court on February 13, 2025, asserting his commitment to preserving OpenAI's original charitable mission.
Hedge funds are increasingly favoring AI stocks, with their stock picks leading to notable market outperformance, driven by news articles and stock analysis.
The AI market is projected to reach a staggering USD 733.7 billion by 2027, fueled by a compound annual growth rate of 42.2% due to rising demand for automation and AI solutions.
Summary based on 122 sources
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Sources

The New York Times • Feb 13, 2025
Elon Musk Says He Will Drop OpenAI Bid if Company Preserves Nonprofit Mission
The Guardian • Feb 12, 2025
Elon Musk owning OpenAI would be a terrible idea. That doesn’t mean it won’t happen | Chris Stokel-Walker
The Guardian • Feb 13, 2025
Elon Musk says he’ll drop his $97bn bid for OpenAI if it remains a non-profit
Forbes • Feb 13, 2025
Musk Says He’ll Drop $97 Billion OpenAI Bid If Company Stays Nonprofit