OpenAI Sues Elon Musk Over $97.4 Billion Takeover Bid, Citing Attempt to Control Innovations

Published on 4.18.25

  OpenAI's rejection of Elon Musk's $97.4 billion takeover bid has sparked a lawsuit against him, with the company claiming that his actions were an attempt to slow down its progress and gain control over its leading innovations. The lawsuit is set to go to trial in spring next year, with OpenAI seeking damages for harm caused by Musk's actions. EDP Renewables North America's CEO Sandhya Ganapathy warns that increasing electricity costs could disrupt the transition to renewable energy, citing data centers as a key area of concern. However, the growth of AI is also driving innovation in power generation, with companies investing heavily in developing more efficient and sustainable solutions. Nvidia has announced plans to manufacture AI chips in the US for the first time, commissioning over one million square feet of manufacturing space in Arizona and Texas. The company aims to produce up to half a trillion dollars' worth of AI infrastructure in the next four years.

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