Elon Musk’s Move with OpenAI: Who is Behind the $97 Billion Offer?

An alleged offer has been made by a group led by Elon Musk for the artificial intelligence company OpenAI. Aside from the offer, there is curiosity about who the investors involved are. Here are the names behind the $97 billion bid… The investor group led by American billionaire Elon Musk reportedly made an offer of around $97.4 billion to acquire the artificial intelligence company OpenAI. Sam Altman, the CEO of OpenAI and developer of the AI model ChatGPT, rejected the offer on his X account, responding with, “If you want, we can buy Twitter for $9.74 billion.” It was stated that the investor group could offer a higher bid for all OpenAI assets. On the other hand, the composition of Musk’s investor group is starting to become clearer. According to TechCrunch’s report, the consortium that made the bid includes Baron Capital Group, Valor Management, Atreides Management, Vy Fund III, Emmanuel Capital Management, and Eight Partners VC. Asset management company Baron Capital Group is led by founder Ron Baron and his son Michael Baron. The Baron Partners Fund holds substantial stakes in Tesla and SpaceX. Gavin Baker, founder of Boston-based Atreides Management, is also known for investments in SpaceX and Tesla. Both Ron Baron and Baker were among the largest supporters of the controversial $56 billion compensation plan prepared for Tesla CEO Elon Musk. Valor Management was founded by early SpaceX investor and former Tesla board member Antonio Gracias. Before being acquired by Tesla, Tamas was also an investor in Musk’s SolarCity company. During OpenAI’s founding process, Elon Musk was attempting to halt Altman’s restructuring plans.