CTOC Goes Live on Bitget Wallet Trading, Expanding Global Access to AI-Powered Healthcare Data Ecosystem 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
HP Q2 2026 Earnings Beat Expectations Despite Memory Chip Pressure 
Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
US Quantum Stocks Surge After $2 Billion Government Investment 
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
Salesforce Q1 FY2027 Earnings Beat Expectations Despite Soft Q2 Revenue Outlook 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership 
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 
SQM Q1 Profit More Than Doubles as Lithium Prices Surge 
SpaceX IPO Hype Raises Questions as Many Major Stock Debuts Underperform Market 
OpenAI’s board has yet to receive a formal bid from Elon Musk’s consortium, despite his lawyer claiming the offer was sent to OpenAI’s outside counsel. Musk proposed a $97.4 billion buyout for OpenAI’s nonprofit entity, aiming to block its transition into a for-profit model.
Musk’s attorney, Marc Toberoff, stated the bid was sent via email as a four-page Letter of Intent signed by Musk and investors. However, OpenAI CEO Sam Altman dismissed the offer, calling it “ridiculous” and a tactic to disrupt the company. Altman confirmed OpenAI is not for sale and that the board intends to reject the bid in favor of its mission.
Musk co-founded OpenAI in 2015 but left due to conflicts over the company’s direction. In 2023, he launched a rival AI startup, xAI. OpenAI is currently raising $40 billion to fund its AI advancements, requiring a transition to a for-profit model. This shift has drawn regulatory scrutiny, with Delaware’s Attorney General reviewing whether OpenAI’s nonprofit control is being properly valued.
Legal experts suggest Musk’s bid complicates OpenAI’s valuation, as regulators must ensure any asset sale aligns with fair market value. The ongoing battle between Musk and OpenAI underscores broader tensions in the AI sector, where financial interests and technological development are increasingly at odds.
