Breaking news

Elon Musk Leads $97.4 Billion Bid For OpenAI Control, Sparking Tensions With Sam Altman

by THEFUTURE.TEAM

February 11, 2025

Elon Musk is at the forefront of a $97.4 billion bid to acquire the assets of the nonprofit that controls OpenAI, further intensifying his ongoing clash with OpenAI CEO Sam Altman. The group backing Musk’s bid includes Vy Capital, Xai (Musk’s AI company), Hollywood mogul Ari Emanuel, and other investors.

This move represents Musk’s latest attempt to take control of an organization he co-founded nearly a decade ago. However, the bid faces strong resistance, as OpenAI’s board is closely aligned with Altman, who swiftly dismissed Musk’s offer with a pointed remark: “No thank you but we will buy Twitter for $9.74 billion if you want.” Musk responded with a sharp “Swindler.”

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Despite the tense exchange, Musk’s offer complicates OpenAI’s plans to complete a $40 billion fundraising round, which would nearly double the company’s valuation to $300 billion. Led by SoftBank, this deal would position OpenAI among the world’s most valuable private companies, alongside Musk’s SpaceX and ByteDance, the parent company of TikTok.

OpenAI’s board of directors, which remains loyal to Altman, may need to deal with the complex challenge of compensating the nonprofit that controls OpenAI if they move ahead with Musk’s bid. OpenAI, with over 2,000 employees, is structured with a nonprofit board that has legal control despite its limited resources, with only two employees and $22 million in assets.

Musk’s bid could force OpenAI to pay a high price for separating from the nonprofit board, which has led to legal scrutiny. In the eyes of many experts, Musk’s proposal is an effort to set the nonprofit’s assets at a very high value, which would create challenges for OpenAI’s move to full independence. The nonprofit’s board must ensure that the sale of assets is at fair market value, or they could face questions from charity regulators.

Musk’s aggressive approach signals his intent to reshape the AI industry, with his own AI company, Xai, directly competing with OpenAI. At the same time, Altman has garnered significant support in Washington, securing investments and backing from major players like SoftBank and Oracle.

The ongoing battle for control of OpenAI illustrates the high stakes involved in the race for artificial intelligence supremacy, with Musk and Altman at the center of a high-profile tech showdown.

The Future Forbes Realty Global Properties

EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.