When asked for comment, an OpenAI spokesperson pointed Engadget to an X post<\/a> from CEO Sam Altman. “No thank you but we will buy twitter for $9.74 billion if you want,” Altman wrote on the social media platform Musk owns. <\/p>\n <\/span><\/p>\n no thank you but we will buy twitter for $9.74 billion if you want<\/p>\n \u2014 Sam Altman (@sama) February 10, 2025<\/a><\/p><\/blockquote>\n<\/div>\n “It\u2019s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in a statement his attorney shared with The Journal<\/em>. “We will make sure that happens.”<\/p>\n It’s hard to say how serious this bid from Musk is and what \u2014 if any \u2014 chance it has to succeed. OpenAI is not a traditional company, and the nonprofit structure<\/a> Sam Altman and others at the company want it to get away from may in fact protect it from Musk’s offer. Were OpenAI purely a for-profit company with traditional shares Musk’s bid would likely trigger what’s known in corporate law as a Revlon moment, where, under certain circumstances, the company’s board of directors would be forced to sell the company to the highest bidder to maximize shareholder profits. <\/p>\n Musk, as you can imagine, wasn’t a fan of Altman’s joke, writing “Swindler” in response and later calling him “Scam Altman.” <\/p>\n This article originally appeared on Engadget at https:\/\/www.engadget.com\/ai\/elon-musk-wants-to-buy-openai-for-974-billion-215221105.html?src=rss\n