Connect with us

Headline

Elon Musk Leads Consortium To Buy OpenAI For $97.4bn

Published

on

Elon Musk is leading an investment group offering $97.4 billion for the nonprofit that controls OpenAI, marking a new front in his war with the ChatGPT-maker, the Wall Street Journal reported Monday.

Musk attorney Marc Toberoff said he submitted the bid to OpenAI’s board of directors, according to the Journal.

Advertisement

“No thank you, but we will buy Twitter for $9.74 billion if you want,” OpenAI chief Sam Altman wrote in a post on X, formerly Twitter, apparently responding to the offer.

Musk, who bought X under its former moniker for $44 billion in 2022, replied to the post by simply writing: “Swindler.”

READ ALSO: Elon Musk Blasts South Africa’s Malema Over ‘Genocidal’ Comment Against Whites

Advertisement

Musk’s attorney did not immediately respond to a request for comment.

The Tesla boss and close ally of US President Donald Trump has been mired in an ongoing feud with Altman, with Musk filing repeated lawsuits against the San Francisco-based OpenAI.

Musk co-founded OpenAI in 2015, with the company becoming the world’s leading AI startup since he left in 2018. He launched his own generative AI startup, xAI, in 2023.

Advertisement

We created a bespoke structure: a for-profit, controlled by the non-profit, with a capped profit share for investors and employees,” OpenAI said in a December blog post that outlined a plan to become a Delaware Public Benefit Corporation.

READ ALSO: Musk Slams FEMA For Paying $59m To Luxury Hotels To Accommodate Illegal Migrants

The shift would require the company to balance the interests of shareholders, stakeholders, and the public in a tilt away from non-profit, according to the post.

Advertisement

Musk established xAI in early 2023 to have a foothold in the technology expected to disrupt how people live and work.

OpenAI is one of the world’s highest-valued startups but loses money on the high costs of turning out its expensive technology.

Trump in January announced a major investment to build infrastructure for AI-led by Japanese giant Softbank, cloud giant Oracle and OpenAI.

Advertisement

READ ALSO: US Judge Blocks Musk’s DOGE Dept From Treasury Data

The venture, called Stargate, “will invest $500 billion, at least, in AI infrastructure in the United States,” Trump said in remarks at the White House.

OpenAI co-founder and boss Altman, SoftBank’s chief Masayoshi Son and Oracle founder Larry Ellison attended the announcement.

Advertisement

But Musk was quick to cast doubt on the project, saying the money promised for the investment actually was not there.

The comments marked a rare instance of a split between the world’s richest man and Trump, with Musk playing a key role in the new US administration after spending $270 million on the Republican’s election campaign.

AFP

Advertisement

 

Advertisement
Continue Reading
Advertisement
Comments

Headline

Ugandan President Ignores S’Court Ruling, Approves Law To Try Civilians In Military Courts

Published

on

Ugandan President, Yoweri Museveni, on Monday, signed a new law allowing civilians to be tried in military courts that critics said could be used against opposition leaders ahead of next year’s election.

The new law comes despite a ruling by the Supreme Court in late January that it was unconstitutional for civilians to be tried in military courts as was the case for opposition leader, Kizza Besigye.

Advertisement

Besigye, 69, was abducted by armed men in Nairobi in November and re-emerged a few days later at a military court in Uganda, where he was charged with treason, which carries a potential death penalty.

READ ALSO: Police Uncover 17 Skulls In Ugandan Shrine

Following the Supreme Court ruling, his case was moved to a civilian court.

Advertisement

But the new law provides for “exceptional circumstances” under which civilians can be subjected to military law, including the “unlawful possession of arms, ammunition or equipment,” one of the other charges Besigye is facing.

The signing of the law was announced by Uganda’s parliament on X.

Besigye’s lawyer, Erias Lukwago, told AFP that the law was designed to facilitate the “illegal detention and trial of Besigye and others”.

Advertisement

READ ALSO: Uganda President, Museveni Blasts Western Countries, Says ‘You Fund Seminars But Won’t Aid Manufacturing In Africa

Besigye has been in jail for more than the six-month legal limit for detention without trial.

Uganda’s other major opposition leader, Bobi Wine, whose real name is Robert Kyagulanyi, told AFP, “All of us in the opposition are being targeted by the Act.”

Advertisement

Human rights lawyer and activist, Eron Kiiza — who was jailed by a military court for six months for alleged misconduct while defending Besigye — said he would legally “challenge the Act”.

Rights groups said Besigye’s abduction and trial for treason were linked to the election in January when 80-year-old Museveni will seek to extend his 40 years in power.

AFP

Advertisement

Continue Reading

Headline

Turkish President, Erdogan Calls Putin, Accused Israel Of Threatening Regional Security

Published

on

says “lawless attitude” of Netanyahu’s govt “poses threat to international system

Turkish President Recep Tayyip Erdogan accused Israel of threatening security in the Middle East during a phone call with Russian counterpart Vladimir Putin on Monday, his office said.

The spiral of violence that began with Israel’s attacks on Iran has put the security of the entire region at risk,” Erdogan was quoted as saying.

Advertisement

His office said he told Putin that the “lawless attitude” of Israeli Prime Minister Benjamin Netanyahu’s government “poses a clear threat to the international system”, adding that the Middle East “cannot tolerate a new war”.

READ ALSO: Netanyahu Says Israel’s Strikes On Iran Have ‘Clear Support’ Of Trump

The Kremlin said Putin and Erdogan used the conversation to call for an “immediate” end to fighting between Israel and Iran.

Advertisement

“The leaders called for an immediate end to hostilities and the settlement of contentious issues, including those related to Iran’s nuclear programme, exclusively through political and diplomatic means,” the Kremlin said in its readout of the call.

Turkey has stepped up its diplomacy since Israel launched aerial attacks on Iran last Friday and Tehran struck back on the weekend, in their most intense confrontation in history.

Advertisement
Continue Reading

Headline

Iran, Israel Need ‘To Fight It Out’ To Reach Deal – Trump

Published

on

US President Donald Trump on Sunday urged Iran and Israel — who are locked in an exchange of military strikes — to “make a deal,” but suggested they might need to “fight it out” first.

“I think it’s time for a deal,” Trump told reporters, as Israel and Iran exchanged a fresh barrage of missile strikes and threatened more devastation in a conflict that appeared to be intensifying.

Advertisement

But sometimes they have to fight it out, but we’re going to see what happens,” Trump said, speaking at the White House before heading to Canada to take part in a G7 summit.

READ ALSO: Netanyahu Says Israel’s Strikes On Iran Have ‘Clear Support’ Of Trump

After decades of enmity and a prolonged shadow war fought through proxies and covert operations, the latest conflict marks the first time arch-enemies Israel and Iran have traded fire with such intensity, triggering fears of a lengthy conflict that could engulf the entire Middle East.

Advertisement

It began Friday, when Israel launched attacks that have killed top military commanders and nuclear scientists, and struck military bases, nuclear sites and residential areas across the country.

Trump refused to answer a question about whether he had asked Israel to pause airstrikes on Iran.

Earlier, a senior US official told AFP that Trump had vetoed an Israeli plan to assassinate Iranian supreme leader Ayatollah Ali Khamenei.

Advertisement

Trump wrote on his Truth Social platform that he believed the two sides “should make a deal, and will make a deal.”

There are “many calls and meetings now taking place” on the issue and peace could be achieved “soon” between the longtime adversaries, he said.

Advertisement
Continue Reading

Trending