Elon Musk once tried to buy ChatGPT parent OpenAI, but failed


Elon Musk tried to take control of OpenAI, the creator of ChatGPT, in early 2018, but Sam Altman and the other OpenAI founders rejected Musk’s offer. Musk, in turn, has walked away from the company and struck again at a largely planned charity, Semaphore reports.

Musk told Altman that he believed “the venture had fallen fatally behind Google”. But the Twitter CEO was unsuccessful in persuading the OpenAI founders to take on the AI ​​chatbot maker ChatGPT. When Musk left, he resigned from its board in 2018, citing a conflict of interest with his work at Tesla.

He also reneged on a promise to supply $1 billion in funding, according to a Semaphore report, contributing only $100 million before walking away. This left OpenAI with “no ability to pay the astronomical fees associated with training AI models on supercomputers”.

In March 2019, OpenAI announced that it was forming a for-profit entity so that it could raise enough money to pay for the computing power.

“We seek to increase our ability to raise capital while still serving our mission, and no pre-existing legal framework knows the right balance,” the company wrote at the time.

Less than six months later, Microsoft invested $1 billion in OpenAI, and the rest is history.

They built a supercomputer to train large-scale models that eventually created ChatGPT and the image generator DAL-E. The latest language model, GPT-4, has 1 trillion parameters.

Musk has now raised questions about how a non-profit company has become a $30 billion max-profit company for the Satya Nadella-run tech giant. “I’m still confused how the non-profit I donated $100 million to somehow became a $30 billion market cap for-profit. If it’s legal, why isn’t everyone Does it? He quipped.

Musk has also blocked OpenAI’s access to the Twitter database.

AI Chatbot ChatGPT has become popular now and Microsoft has invested $10 billion in it to make it more useful across industries.


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