Elon Musk is leading a group of investors in the $97.4 billion deal to take majority control of OpenAI. The move aims to stop OpenAI’s shift toward a for-profit model. If successful, it could change the AI industry’s direction.
Musk’s Attempt to Reclaim OpenAI
Musk co-founded OpenAI in 2015 but left before it became a leader in artificial intelligence. He has since criticized its shift away from open-source development. Now, he is partnering with Baron Capital Group, Emanuel Capital, and his AI startup, xAI, to buy OpenAI.
OpenAI CEO Sam Altman dismissed Musk’s offer with a sarcastic post on X. He responded, “No thank you, but we will buy Twitter for $9.74 billion if you want.” The remark highlights their ongoing rivalry.
AI Tokens Soar in Response
Musk’s bid has triggered a surge in AI-related cryptocurrencies. The total market value of AI coins jumped 11% to $30 billion, while AI-powered agents rose 18% to $7.8 billion.
Among the top-performing tokens, Bittensor (TAO) gained 17% following its latest upgrade. Analysts on X have pointed to TAO as the AI coin to watch.
Meanwhile, investors are shifting away from meme coins into projects with practical use cases. AI-driven crypto assets are gathering steam, which indicates the demand for blockchain-based AI solutions.
