Elon Musk has placed a $97.4 billion bid to acquire OpenAI, the AI organisation he co-founded in 2015.

This offer comes after tensions with OpenAI’s leadership, particularly over the company’s shift from a non-profit to a for-profit model.

His bid raises important questions about the future direction of OpenAI, the ethical considerations of AI development, and Musk’s broader influence on the industry.

On The Big Story, Hongbin Jeong speaks to Sumit Agarwal, Low Tuck Kwong Distinguished Professor of Finance at the Business School and a Professor of Economics and Real Estate at the National University of Singapore, to find out more.

Elon Musk has placed a $97.4 billion bid to acquire OpenAI, the AI organisation he co-founded in 2015.
This offer comes after tensions with OpenAI&rsquo;s leadership, particularly over the company&rsquo;s shift from a non-profit to a for-profit model.
His bid raises important questions about the future direction of OpenAI, the ethical considerations of AI development, and Musk&rsquo;s broader influence on the industry.
On The Big Story, Hongbin Jeong speaks to Sumit Agarwal, Low Tuck Kwong Distinguished Professor of Finance at the Business School and a Professor of Economics and Real Estate at the National University of Singapore, to find out more.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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