Elon Musk-led group’s $97.4 billion bid for control of nonprofit OpenAI raises stakes in AI battle with Sam Altman

A consortium led by Elon Musk has offered $97.4 billion to buy the nonprofit that controls Sam Altman-led OpenAI, in what has became the billionaire’s latest move to block the start-up’s transition into a for-profit company, according to a Reuters report.

The consortium led by Musk includes his AI startup xAI, Baron Capital Group, Emanuel Capital and others, the report added.