Elon Musk launched a $97.4 billion bid to control OpenAI, aiming to restore its open-source, safety-focused mission. OpenAI currently operates under a hybrid structure with nonprofit governance. Musk pledged to ensure the organization returns to being a "force for good.

Musk might be rich—very rich—but even for him, pulling off a deal of this size is no small feat. OpenAI was recently valued at around $157 billion, with SoftBank reportedly considering a new funding r

OpenAI was valued at $157 billion in its last funding round, cementing its status as one of the most valuable private companies in the world. SoftBank Group is in talks to lead a funding round of up to $40 billion in OpenAI at a valuation of $300 billion, including the new funds, Reuters reported in January.