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Elon Musk-led group makes $97.4bn bid for OpenAI

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[File pic] Elon Musk co-founded OpenAI with Sam Altman in 2015, but left before the company took off [Aljazeera]

A consortium led by Elon Musk said it has offered $97.4bn to buy the nonprofit that controls OpenAI, months after the billionaire sued the artificial intelligence startup to block it from transitioning to a for-profit firm.

Musk’s bid, revealed on Monday, could ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the startup at the heart of a boom in generative AI technology.

Altman promptly posted on X: “No thank you but we will buy twitter for $9.74 billion if you want.”

The two are already embroiled in an ongoing lawsuit. Musk criticised a $500bn OpenAI-led project called Stargate announced with great fanfare at the White House just after United States President Donald Trump returned to office, suggesting the investors involved lacked the funding for the project.

“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk said in the press release. “We will make sure that happens.”

OpenAI, Musk, Musk’s lawyer Marc Toberoff and OpenAI backer Microsoft did not immediately respond to requests for comment from the Reuters news agency.

The bid is being backed by Musk’s AI company xAI, which could merge with OpenAI following a deal, according to The Wall Street Journal, which first reported Musk’s offer earlier on Monday.

Even without any antitrust implications, a deal this size would need Musk and his consortium to raise enormous funds.

OpenAI was valued at $157bn in its latest funding round in October, 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 $40bn in OpenAI at a valuation of $300bn, including the new funds, the Reuters news agency reported in January.

Musk co-founded OpenAI with Altman in 2015, but left before the company took off. He founded the competing AI startup xAI in 2023.

OpenAI is now trying to transition into a for-profit from a nonprofit entity, which it says is required to secure the capital needed for developing the best artificial intelligence models.

Musk’s lawsuit against OpenAI and Altman says the founders originally approached him to fund a nonprofit focused on developing AI to benefit humanity, but that it was now focused on making money.

[Aljazeera]



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Gold tops $5,000 for first time ever, adding to historic rally

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[pic BBC]

The price of gold has risen above $5,000 (£3,659) an ounce for the first time, extending a historic rally that saw the precious metal jump by more than 60% in 2025.

It comes as tensions between the US and NATO over Greenland have added to growing concerns about financial and geopolitical uncertainty.

US President Donald Trump’s trade policies have also worried markets. On Saturday he threatened to impose a 100% tariff on Canada if it strikes a trade deal with China.

Gold and other precious metals are seen as a so-called safe-haven assets that investors buy in times of uncertainty.

Demand for gold has also been driven by a range of other factors including higher-than-usual inflation, the weak US dollar, buying by central banks around the world and as the US Federal Reserve is expected to cut interest rates again this year.

Wars in Ukraine and Gaza, as well as Washington seizing Venezuelan President Nicolás Maduro, have also helped push up the price of gold.

On Friday, silver topped $100 an ounce for the first time, building on its almost 150% rise last year.

[BBC]

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U – 19 World Cup: Andrew, McKenzie deliver West Indies comfortable win

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Micah McKenzie took four wickets in West Indies Under-19's win [Cricinfo]

West Indies wristspinners, Micah McKenzie and Vitel Lawes, combined to take six wickets on a surface that had plenty of turn and bite to close out a rain shortned contest against Ireland. Opting to bat first, the West Indies innings had earlier been held together by keeper-batter Jewel Andrew at No. 3 – his 66 off 82 consisted of four fours and four sixes, the majority of which came in the company of Jonathan van Lange,, during their fourth-wicket partnership of 67.

Jewel departed just six overs after van Lange, in the 33rd, and the rest of the batters struggled. No one besides him managed to cross the 30-run mark. Reuben Wilson scalped up van Lange, before returning to take out two lower-order batters to finish with figures of 3 for 50, closing out the innings with West Indies bowled out for 226.

His effort, complemented by James West’s economical 2 for 24 off seven overs, gave Ireland a realistic chance at chasing down the total. West also opened the batting for Ireland and top-scored for them, hitting a 55-ball 45 that was littered with eight boundaries. By the time he was Lawes’ first victim of the innings, in the 18th over, Ireland sat at a comfortable 82 for 2.

However, the going just got worse from there: Ireland lost four wickets to McKenzie, who spun his way through the middle order. Lawes held back his best over for his final one of the match, fizzing out Oliver Riley with its first ball, and then turning the ball prodigiously against Wilson and Bruce Whaley.

Ireland were on 164 for 7 by the time they played out Lawes’ over, needing an unlikely 62 off the final ten overs. The rain had the final say when it interrupted the match and delivered the final blow to Ireland’s hopes. The DLS par score had shot way past Ireland’s total, and when no further play was possible, West Indies walked away with a convincing spin display and a 25-run win to boost their chances in the Super Sixes.

Brief scores:
West Indies Under 19s  226 in 46.5 overs (Jewel Andrew 66; Reuben Wilson 3-50, Luke Murray 2-37, James West 2-24) beat Ireland Under 19s  164 for 7 in 40 overs (James West 45; Mica  McKenzie 4-36, Vitel Lawes 2-41)by 25 runs (DLS method)

[Cricinfo]

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U – 19 World Cup: Bowlers, Hogan help Australia breeze past South Africa

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Charles Lachmund wrecked South Africa U-19s [Cricinfo]

It took Australia U19s 32.5 overs, going at just around 3.5 runs an over for the majority of a belaboured chase against an excellent South Africa U-19 bowling effort. But they had that liberty after Charles Lachmond’s 3 for 29, and two wickets each from Will Byrom and Aryan Sharma, had bowled South Africa out for 118 all but ensuring the result of the match was in little doubt even at the halfway stage.

South Africa had been reduced to 37 for 4 inside the powerplay, failing to find answers against the raw pace and movement that Lachmund and Byrom found off the surface. Opener Jorich Van Schalkwyk was the sole bright spot for them, battling his way through this period and putting together a 30-run stand with Paul James, even as he was pinged on the helmet off a brutal Kasey Barton delivery.

Spinner Aryan proved to be particularly troublesome to face, as he kept spinning the ball away from the outside edge of the right-handers. He dropped two catches at point before coming into the attack, but made up for his fielding by scalping up two wickets of his own.

James kept one end steady once Schalkwyk was run out for a 26 off 55, but wickets kept falling at the other. He would eventually be the last batter out, for a 60-ball 34 .

In response, JJ Basson led a South Africa bowling attack that was incisive and economical. His spell of 3 for 41 was the highlight of a bowling effort that kept the Australia batters defensive, and also ensured that the Australia line-up lost three wickets for the first time in this tournament – in their fourth match of the tournament.

Steven Hogan never looked comfortable during his 73-ball 43, but timed short deliveries well while cutting late, and mowed down more than a third of the target by himself. He was the last Australian wicket to fall, as Basson’s third wicket. Alex Lee Young and Jayden Draper got together at the crease, and the latter smacked two fours in the 33rd over of the contest to bring it to a close.

Brief scores:
Australia 122 for 4 in 32.5 overs  (Steven Hogan 43, Jayden Draper 21*, Alex Lee Young 21*; JJ Basson 3-41) beat South Africa Under 19s  118 in 32.1 overs  (Paul James 34; Charles Lachmund 3-29, Will Byrom 2-16, Aryan Sharma 2-27) by six wickets

[Cricinfo]

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