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OpenAI’s Altman says Musk ‘trying to slow us down’ with takeover bid

OpenAI CFO Sarah Friar discusses the company’s partnership with SoftBank, consumers embracing artificial intelligence, OpenAI’s ‘deep research’ tool and DeepSeek’s impact in the space.

OpenAI CEO Sam Altman said Elon Musk is “probably just trying to slow us down” with his bid to purchase the company, insisting on Tuesday that it is not for sale.

Altman, who spoke to Bloomberg on the sidelines of the AI Action Summit in Paris following Musk’s unsolicited bid of $97.4 billion to take over OpenAI, also said that Musk is probably living his whole life “from a position of insecurity” and that “I don’t think he’s like a happy person, I do feel for him.”

“Look, OpenAI is not for sale,” Altman told Bloomberg. “Elon tries all sorts of things for a long time. This is this week’s episode.”

“I think he is probably just trying to slow us down. He obviously is a competitor. He’s working hard to raise a lot of money for [his startup] xAI and they are trying to compete with us from a technological perspective from getting the product into the market and I wish he would just compete by building a better product but I think there has been a lot of tactics, you know many, many lawsuits, all sorts of other crazy stuff and now this,” Altman added. “And we’ll try to just put our head down and keep working.”

AI WILL HELP LOWER PRICES, BUT COULD BE USED BY AUTHORITARIAN GOVERNMENTS, ALTMAN SAYS

OpenAI CEO Sam Altman, left, is rejecting a bid from Tesla and SpaceX CEO Elon Musk to purchase Open AI. (Tomohiro Ohsumi/Chip Somodevilla/AFP/Getty Images)

When asked if he is concerned about Musk’s proximity to President Donald Trump and his ability to potentially influence him regarding U.S. policy on AI, Altman said “Maybe I should, but not particularly.

“I try to just wake up and think about how we are going to make our technology better,” he also said.

Marc Toberoff, Musk’s attorney, said he submitted the bid on Monday to the board of directors at OpenAI to purchase the company, according to The Wall Street Journal.

Altman also responded to Musk’s offer on X, saying, “no thank you but we may buy twitter for $9.74 billion if you want.”

ELON MUSK WARNS FEDERAL RESERVE MAY FACE DOGE AUDIT

Elon Musk, left, and Sam Altman are seen onstage together during an event at the Vanity Fair New Establishment Summit in San Francisco in 2015. (Michael Kovac/Getty Images for Vanity Fair / Getty Images)

Musk turned to X and fired back quickly, “Swindler,” and later wrote, “Never a dull moment on X.”

Musk was a co-founder of OpenAI but cut ties with the company in 2018 after he was unable to persuade its other leaders to put him in charge of a for-profit OpenAI entity or merge the company with Tesla.

Both Musk and Altman started OpenAI as a charity in 2015. When Musk left, Altman became the chief executive and the company established a for-profit subsidiary to raise money from investors and Microsoft. Now, Altman is looking to turn the subsidiary into a traditional company, the WSJ reported.

OpenAI is the creator of ChatGPT. (Photo Illustration by Idrees Abbas/SOPA Images/LightRocket via Getty Images / Getty Images)

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Last month, Trump announced a massive $500 billion infrastructure project called Stargate. Major names including Softbank, OpenAI and Oracle plan to join forces to build data centers in the U.S. for the further development of AI.

FOX Business’ Greg Wehner contributed to this report.

February 11, 2025
Open AI CEO Sam Altman predicts artificial intelligence will lower prices

OpenAI CEO Sam Altman and Anduril Industries co-founder and CEO Brian Schimpf discuss the future of A.I. and the ethical use of technology on ‘Making Money.’

OpenAI CEO Sam Altman predicts that artificial general intelligence will lead to lower costs for many goods, but has also warned that AI could be leveraged by authoritarian governments aiming to control people.

OpenAI is the company behind the popular AI model ChatGPT.

Altman explained in a blog post that AGI generally refers to “a system that can tackle increasingly complex problems, at human level, in many fields.” He noted that systems “are coming into view” which begin “to point to AGI.”

OPENAI ANNOUNCES US NATIONAL LABORATORIES PARTNERSHIP, PLANS TO SUPPORT WORK ON NUCLEAR SECURITY AND MORE

Sam Altman, co-founder and CEO of OpenAI, speaks during a panel discussion titled “The Age of AI” at the Technical University of Berlin on Feb. 7, 2025, in Berlin, Germany. (Sean Gallup/Getty Images)

“Although some industries will change very little, scientific progress will likely be much faster than it is today; this impact of AGI may surpass everything else,” he noted.

Altman suggested that while prices for many goods will decrease, some things, such as land, could see significant price increases.

“The price of many goods will eventually fall dramatically (right now, the cost of intelligence and the cost of energy constrain a lot of things), and the price of luxury goods and a few inherently limited resources like land may rise even more dramatically,” he wrote.

While Altman predicted that AI will permeate society, he also warned that the power of AI could be harnessed by authoritarian governments.

OPENAI’S CHATGPT BRIEFLY GOES DOWN FOR USERS ACROSS THE GLOBE

OpenAI CFO Sarah Friar discusses the company’s partnership with SoftBank, consumers embracing artificial intelligence, OpenAI’s ‘deep research’ tool and DeepSeek’s impact in the space.

“AI will seep into all areas of the economy and society; we will expect everything to be smart. Many of us expect to need to give people more control over the technology than we have historically, including open-sourcing more, and accept that there is a balance between safety and individual empowerment that will require trade-offs,” he wrote.

“While we never want to be reckless and there will likely be some major decisions and limitations related to AGI safety that will be unpopular, directionally, as we get closer to achieving AGI, we believe that trending more towards individual empowerment is important; the other likely path we can see is AI being used by authoritarian governments to control their population through mass surveillance and loss of autonomy.”

It is important to make certain that “the benefits of AGI are broadly distributed,” Altman asserted.

MICROSOFT VICE CHAIR AND PRESIDENT SAYS AI IS THE ‘MOST IMPORTANT’ EXPORT OF AMERICAN SERVICES

Arm CEO Rene Haas discusses Big Tech pledging billions for AI on ‘The Claman Countdown.’

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He suggested that “the balance of power between capital and labor could easily get messed up, and this may require early intervention. We are open to strange-sounding ideas like giving some ‘compute budget’ to enable everyone on Earth to use a lot of AI, but we can also see a lot of ways where just relentlessly driving the cost of intelligence as low as possible has the desired effect.”

February 10, 2025
Trump, Open AI CEO Sam Altman on Chinese AI startup DeepSeek

Constellation Research founder R Ray Wang discusses the capabilities of Chinas DeepSeek AI app on Varney & Co.

President Donald Trump and OpenAI CEO Sam Altman both joined in on the buzz surrounding Chinese artificial intelligence (AI) startup DeepSeek, which sent the technology sector into turmoil on Monday following its emergence as a potential rival to leading U.S.-based firms.

The president said the release of the lower-cost, high-performance AI models from a Chinese firm “should be a wake-up call,” while Altman conceded that DeepSeek’s R1 model was “impressive” – and vowed OpenAI will deliver models that are superior.

OpenAI CEO Sam Altman (R), accompanied by President Donald Trump, speaks during a news conference in the Roosevelt Room of the White House on Jan. 21, 2025, in Washington, DC. ((Photo by Andrew Harnik/Getty Images) / Getty Images)

“Hopefully the release of DeepSeek AI from a Chinese company should be a wake-up call for our industries that we need to be laser focused on competing to win, because we have the greatest scientists in the world,” Trump told House Republicans on Monday night in Doral, Florida, during a speech at their annual retreat.

THE DEEPSEEK AI CHATBOT BURST ONTO THE SCENE: ARE FEARS ABOUT IT OVERBLOWN?

However, the president said the revelation that DeepSeek has developed a way to produce AI models at a much lower cost than other U.S. models “could be very much a positive development.”

President Donald Trump spoke at the House Republicans’ annual retreat on Monday night. (CHIP SOMODEVILLA/POOL/AFP via Getty Images / Getty Images)

“Instead of spending billions and billions, you’ll spend less and you’ll come up with hopefully the same solution under the Trump administration,” Trump continued, adding, “We’re going to unleash our tech companies and we’re going to dominate the future like never before.”

WHAT IS CHINESE AI STARTUP DEEPSEEK?

Altman, whose company created the popular ChatGPT models, took to X to give his take, writing, “deepseek’s r1 is an impressive model, particularly around what they’re able to deliver for the price.”

The OpenAI CEO went on to say, “We will obviously deliver much better models and also it’s legit invigorating to have a new competitor!”

The quality of DeepSeek’s models and its reported cost efficiency have changed the narrative that China’s AI firms are trailing their U.S. counterparts, which began after the first Chinese ChatGPT equivalent was released by Baidu.

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The DeepSeek-R1 model was released last week and is 20 to 50 times cheaper to use than OpenAI’s o1 model, depending on the task, according to a post on the company’s official WeChat account.

The R1 model is also open source and available to users for free, while OpenAI’s ChatGPT Pro Plan costs $200 per month.

American tech leaders are taking notice. Meta CEO Mark Zuckerberg pointed to DeepSeek during an interview on “The Joe Rogan Experience,” saying the company’s models show how competitive the AI race has become, and stressed the importance of the industry having support from the federal government.

“We should want the American model to win,” Zuckerberg told host Joe Rogan.

“I think it’s easy for the government to take for granted that the U.S. will lead on these things,” Zuckerberg said. “But I think it’s a very close competition, and we need the help. We need them to not be a force that’s making it harder for us to do these things.”

FOX Business’ Eric Revell and Reuters contributed to this report.

January 28, 2025
Fox News AI Newsletter: Musk vs. Altman

Elon Musk, right, has cast doubt on whether there is enough funding available to follow through on a $500 billion AI infrastructure project announced by President Donald Trump on Tuesday. OpenAI CEO Sam Altman, left, pushed back on Musk’s claims. (Getty Images / Getty Images) (Getty Images)

Welcome to Fox News’ Artificial Intelligence newsletter with the latest AI technology advancements.

IN TODAY’S NEWSLETTER:

– Musk casts doubt on Trump-backed Stargate project: ‘They don’t actually have the money’
– Elon Musk biographer offers big prediction for Trump term
– AI abortion training has arrived: New tech tools navigate the blurry line between healthcare and politics
-Trump’s AI deal fueling early cancer detection: Oracle’s Larry Ellison
-Microsoft CEO says AI is the ‘most important’ export of American services

EMPTY COFFERS?: Business magnate and X CEO Elon Musk has cast doubt on whether there is enough funding available to follow through on a massive $500 billion artificial intelligence (AI) infrastructure project announced by President Donald Trump on Tuesday.

SpaceX and Tesla founder Elon Musk speaks during an America PAC town hall on Oct. 26, 2024 in Lancaster, Pa. ( Samuel Corum/Getty Images)

ON THE BRINK: Walter Isaacson, author of “Elon Musk,” discusses the Trump administration’s collaboration with tech giants to drive AI innovation and technological advancement on “America’s Newsroom.”

Republican presidential nominee former President Donald Trump hugs Elon Musk at a campaign rally at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. (AP Photo/Evan Vucci)

CONTROVERSIAL TECH: Artificial intelligence (AI) tools are now available for future medical professionals at one Texas university to navigate the complexities of pregnancy and abortion—a development that further blurs the line between technology, politics and healthcare.

Texas medical students have developed new AI tools to assist women with different pregnancy options, including abortion. (Jan Woitas/picture alliance via Getty Images/iStock)

FUELING CANCER VACCINES: Oracle founder Larry Ellison said the massive artificial intelligence (AI) infrastructure project dubbed Stargate is helping to fuel the development of a cancer vaccine.

Oracle founder Larry Ellison speaks during a news conference with President Donald Trump in the Roosevelt Room of the White House on Jan. 21, 2025, in Washington, D.C.

‘MOST IMPORTANT’ EXPORT: Microsoft vice chair and president Brad Smith breaks down how the company plans to invest in artificial intelligence during an appearance on ‘Mornings with Maria.’

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, on Jan. 25, 2023. (REUTERS/Gonzalo Fuentes)

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Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.

This article was written by Fox News staff.

January 25, 2025
Elon Musk and tech leader Sam Altman get into war of words

New York Post elections editor Kelly Jane Torrance and political commentator Debra Lea discuss the rise of A.I. in classrooms on ‘Making Money.’

OpenAI CEO Sam Altman suggested that Elon Musk cares more about his businesses than he does the country, shortly after he referred to Musk as “the most inspiring entrepreneur of our time.”

Following the announcement of a new $500 billion artificial intelligence infrastructure project involving OpenAI, Oracle and SoftBank, Musk cast doubt about the project’s ability to follow through with its promises, arguing the cohort of companies did not actually have the money to complete the project. The project, called Stargate, will see the trio of companies join forces to build data centers in the U.S. for the further development of AI, which holds the promise of increasing productivity by automating work.

According to Musk, he has it “on good authority” that the new project is lacking funds, he said in a post on X, in response to a separate post from Altman’s OpenAI touting the new project. “SoftBank has well under $10B secured. I have that on good authority.”

BENJAMIN NETANYAHU COMES TO DEFENSE OF ELON MUSK: ‘FALSELY SMEARED’

Altman responded to Musk’s claim, insisting he was “wrong.”

OpenAI CFO Sarah Friar is defending the company’s stance that it has the financial backing to fund the Stargate AI project. (Photo by Muhammed Selim Korkutata/Anadolu via Getty Images / Getty Images)

“Wrong, as you surely know,” Altman wrote about Musk’s claim that OpenAI didn’t have the money to fund Stargate. “Want to come visit the first site already under way?” he asked Musk.

“I realize, what is great for the country isn’t always what’s optimal for your companies, but in your new role I hope you’ll mostly put [America] first,” Altman added.

Altman’s jab at Musk resulted in the tech entrepreneur turned presidential advisor posting a barrage of criticisms targeted at Altman, calling him a “liar” and suggesting the OpenAI CEO was greedy and anti-Trump, despite him recently saying that his perspective on the president had changed and that he was excited to see what Trump will do for the country.

TRUMP SUPPORTS ELON MUSK OR LARRY ELLISON BUYING TIKTOK

Musk shared posts criticizing Altman’s ties to LinkedIn co-founder Reid Hoffman, a critic of Trump who helped fund E. Jean Carroll’s sexual assault lawsuit against the president prior to his November election win. Another post that Musk shared claimed that Altman’s OpenAI was giving money to news outlet Axios, which the post accused of being anti-Trump. Musk also highlighted a 2016 post Altman made that said – following Trump’s first election win in 2016 – he was getting “back to work on a new project to stop Trump.”

Elon Musk and OpenAI CEO Sam Altman. Musk previously helped launch OpenAI, which Altman is now the CEO of, but no longer has any connection to the company. (Getty Images / Getty Images)

Besides trying to paint Altman as anti-Trump, Musk also levied criticisms at OpenAI, which Musk helped found but does not currently have any involvement with. Last year, Musk sued OpenAI twice, alleging that Altman and the company violated a contract they signed agreeing the company would have a main purpose of benefiting the general public, not making money.

“Altman literally testified to Congress that he wouldn’t get OpenAI compensation and now he wants $10 billion!” Musk posted on X, alongside an image of a Reuters headline about Altman obtaining an equity stake in OpenAI after it went from being a nonprofit to a private company. “What a liar.”

Another post shared by Musk included an image of a meth pipe with the caption, “Leaked image of the research tool OpenAI used to come up with their $500 billion number for Stargate.”

BEN & JERRY’S CO-FOUNDER LAUNCHES CONTEST TO SUPPORT ELON MUSK’S DEPT OF GOVERNMENT EFFICIENCY: ‘DOGE VS BLOB’

OpenAI CEO Sam Altman (R), accompanied by President Donald Trump, speaks during a news conference in the Roosevelt Room of the White House on Jan. 21, 2025 in Washington, D.C. Trump announced an investment in artificial intelligence (AI) infrastructu (Getty Images)

In response to the war of words between Musk and Altman, artificial intelligence policy researcher Tolga Bilge questioned Altman’s criticism of Musk, writing: “Which is his real mask?” on X.

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“Both are true!” Altman responded. “I don’t think he’s a nice person or treating us fairly but you have to respect the guy, and he pushes all of us to be more ambitious.”

Fox News Digital reached out to OpenAI and Musk for comment but did not hear back by publication time.

January 23, 2025
OpenAI exec responds to Musk, Altman trading barbs over Stargate: We’re at ‘the tip of the iceberg’

OpenAI CFO Sarah Friar explains how AI is taking center stage at Davos, what the Stargate project means for the macroeconomy and details new products for key customers.

OpenAI’s chief financial officer is setting the record straight on where funding stands for President Donald Trump’s breakthrough artificial intelligence (AI) project.

“I’m close to this deal, I’ve been working on it. If I look tired, this deal is doing it for me. And I feel really good about where we’re at,” Sarah Friar said in a “Mornings with Maria” interview Thursday from the World Economic Forum in Davos, Switzerland.

“I think on Elon, look, he’s a competitor,” she added, “but I want us to compete for the right things.”

On Tuesday, President Trump announced a massive $500 billion infrastructure project called Stargate. Major names including Softbank, OpenAI and Oracle plan to join forces to build data centers in the U.S. for the further development of AI, which holds the promise of increasing productivity by automating work.

ELON MUSK’S D.O.G.E. FACES FIRST LEGAL CHALLENGE WITHIN HOURS OF TRUMP INAUGURATION

The initial investment is expected to be $100 billion and could reach five times that sum. Microsoft, NVIDIA, investor MGX and the chipmaker Arm are also partners in the project.

OpenAI CFO Sarah Friar is defending the company’s stance that they have the financial backing to fund the Stargate AI project. (Getty Images)

But Tesla and SpaceX CEO – and now Department of Government Efficiency co-chair – Elon Musk took to X to express doubts about OpenAI’s ability to financially back Stargate.

“They don’t actually have the money,” Musk posted on X in response to an OpenAI post touting Stargate. “SoftBank has well under $10B secured. I have that on good authority.”

Backing OpenAI CEO Sam Altman’s assertion that Musk is “wrong,” Friar also encouraged Musk to be supportive of Trump’s AI plans despite the Musk-Altman fractured relationship.

President Trump makes a major infrastructure announcement on his second day in office.

“Let’s compete for great outcomes for consumers and businesses. Let’s compete for getting investment and jobs into the United States and also for our allies. And let’s compete on making sure that we are driving the right outcomes from a security perspective, too,” the CFO said Thursday.

“And Elon knows that,” Friar pressed, “because in the end, we are at the tip of the iceberg here. We are scratching the surface of what’s coming. This is the A.I. era. And so, getting caught in distractions amongst ourselves just feels like it’s going to slow down the bigger outcome that we’re all looking for.”

A source familiar with Stargate told FOX Business that Stargate is prepared to deploy the $100 billion immediately, and that the companies in the venture are in a good position to make the investments.

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OpenAI CEO Sam Altman and Anduril Industries co-founder and CEO Brian Schimpf discuss the future of A.I. and the ethical use of technology on ‘Making Money.’

Trying to dampen any tensions, Friar argued that Musk agrees with OpenAI on three core needs for the industry: “amazing people,” and computer and data power.

“That’s why being mission-driven is incredibly important for us, right?” the CFO posited. “We want to make sure we have access to all of those, and we will continue to run the company the way that we see best to get that outcome.”

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FOX Business’ Michael Dorgan contributed to this report.

January 23, 2025