Elon Musk-led investor group has proposed a $97.4 billion purchase of OpenAI’s non-profit arm, intensifying tensions between Musk and OpenAI. Musk’s lawyer submitted the offer, with backing from xAI and other investors,

Musk’s new takeover offer will substantially complicate any plans for the for-profit entity to purchase OpenAI’s assets from the nonprofit entity for $40 billion, or any price in that range. As I discussed above, it’s inherently speculative to come to an appropriate valuation of those assets, given how uncertain the future of AI is.

The tech mogul is unlikely to win. But his goal may be more about making life difficult for the A.I. start-up and its leader, Sam Altman.