it certainly for openai up at -- openai and a step up for these two tech nobles.ll be one of the themes at the action summit. we always knew that deepseek was going to be another theme hanging over it to the google deep mine boss saying that some of deepseek's claims about the relatively low cost of trading is exaggerated. along with leading industry figures talking a bloomberg over there in paris about the impact of deepseek on the ai industry, take a listen. >> at the very president model and precedent piece of work, i think the team is probably the best team i've seen come out of china. that said, i think a lot of the claims are exaggerated in a little bit misleading. >> a lot of the key themes from deepseek are reducing the cost of innovation, but also raising a question of data control. >> you have more constrained resources. if you have immense resources then stop thinking about what to do. bikes there is a global competition between whether the world will be built on small d democratic ai rails or authoritarian autocratic ai rails, and that is the big take

he's talking about things like donations to openai.y misrepresented the strategy and shifted the narratives to suit his interest. altman kelly has been firing back on twitter and in interviews today, but notable that he says officially they have not seen anything from elon musk, only his lawyers and what's been in the press, so that the board officially has not gotten any sort of takeover proposal. but as you've been talking about as well, if they do get an offer, this could get a little bit messy. kelly, back. >> to you. thank you very much for bringing that to us again. kate rooney with altman's note to the staff of openai there. and, dan, let me just turn it back to you. in that note, he says something to the effect of he doesn't want any one individual to take control of this company, but what if he wanted that one individual to be sam? what happens now? >> well, if he did, i mean, sam's situation there is complicated, right? he doesn't own the company from an equity perspective. the way, you know, musk seems to be wanting to do or

to secure the capital and altman. approached him to fund a non—profit focussed musk co—founded openaiior analyst from canalys in the uk. even though a huge part of demand that was driven came according to the canalys data from last year, we have never had the same number of phones being sold, in to these devices. on a lot of phones, circle to search, but the really interesting part that we are like in the future, that can help enabling perhaps the much smarter voice of the last few weeks, due in part to how much cheaper it has been to run. the smartphone market? so far we have not seen too much inaudible of the device of hardware manufacturers, it is a bit of a relief which is it to be seen for now. france is hosting an ai action summit in paris this gathering in paris. as an attractive destination for major ai firms, we can localise a lot of that on top of what we need in terms i have a good friend in the other part of the ocean here there is no need to drill, it's ready. thank you for your bye for now. applause . it's ready. thank you for your company. bye for now. hey, i'm ruby wit

and how much cash would musk have to pony up to take over openai?ld's richest man have to sell a massive amount of tesla a shares to help fund it? if top tech investor dan niles games it out and shares his top tech stocks of 2025. and here's a hint, no mag 7s on the list. ♪ [cheerful music] [phone ringing] not all multimillionaires build their wealth the same way, you have... the fearless investor. the type a cpa. the boot strapper. the boot maker. hee-ha. but many do have something in common. we all trust schwab with our wealth. thanks to our award-winning service, low costs and transparent advice, every day, over a million multi-millionaires, trust schwab with more than three trillion dollars of their wealth. ♪ [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. take a swing at your kitchen reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain

now, openai ceo sam altman. >> has told.ternal memo seen by cnbc. >> that the. >> company has. >> not received an official offer from elon musk. for the. >> purchase of its. nonprofit arm. it comes. >> after news broke that a consortium led by musk is vying to buy control of openai for just under $100 billion. >> in the memo, altman says openai. >> is. >> structured so that no single individual can. >> take control of the company. >> adding that musk's offer. >> was aimed. at weakening it. >> arjun spoke to sam altman. >> at the ai action summit in paris, where he claimed the motivation behind musk's bid was purely to slow down a competitor. >> musk bid. >> for openai. >> how serious are you taking it? >> not particularly. >> not particularly. >> why do you think he's doing this? >> to slow down a competitor. >> and stargate. >> do you have the funding? >> i'm not the one who tweeted funding secured. i just actually try to show up and, you know, build the thing. >> just a quick one. end game. what is the end game? just a qui

. >> control of openai for $97.4 billion. an attorney for musk confirming to cnbc that they submitted that. >> offer just. >> yesterday, saying, quote, it's time for openai to return to the open source, safety focused force for good that it once was. the consortium includes musk. >> his startup. >> xai, and longtime investors including ron baron of baron capital, joe lonsdale of abc, an investment. vehicle led. >> by endeavor ceo. >> ari emanuel, among others. now, in a post on x, openai ceo sam altman said, no thank you, but we will buy twitter for $9.7 billion if you want. >> they moved the. >> decimal .9.74. >> and then 97.4. >> and then musk replied, swindler earlier this morning. altman spoke to cnbc at the artificial intelligence action summit. >> i think it's to slow down a competitor and try to catch up with his thing, but i don't really know. >> yeah, but you know. >> well. >> right. >> i to. >> the degree anybody does. musk has been publicly feuding now with altman, is suing openai, accusing it of violating antitrus

i mean, look, openai is not for sale. the openai mission is not for sale. elon tries all sorts of things for a long time. this is the, you know, this week's episode. do you think musk's approach then is from a position of insecurity about x? ai? probably his whole life is from a position of insecurity. i feel for the guy. you feel for him, i do actually. i don't think he's like a happy person. i do feel for him in some very personal shots there. so. elon musk offers 97 billion. openai valued at approximately what, 250 billion? is this a real offer or is this elon musk trolling and trying to bully him? a little bit of both. this is here in silicon valley for us, our current soap opera. it's our current back and forth beef right now. you had musk offering 97 billion for openai, sam altman saying it's not for sale, but i'll pay 9 billion for your company that he called twitter, by the way, a little shot there. and this is the back and forth of what's essentially a divorced couple. they both founded openai together. sam altman has taken off with it, got a huge

musk is a co-founder of openai. he is sued to block openai's restructuring. he now has a competing ai firm as well. i did get a copy of a memo altman sent to his staff about all of this. in it, altman says the board has not gotten a formal bid. but if they do, they intend to make it clear they have no interest in this deal and cannot imagine it being in the interest of what he calls the mission. he says the tactics are aimed at, quote, weakening us because we're making great progress. i did talk to ucla professor elon april about this. she told me openai's board would legally need to consider a formal bid if it does indeed come in. even if this is unsolicited. so because it's a nonprofit, it's going to be it would be hypothetically selling assets to musk. and one legal requirement is that they sell at fair value. so she sees this as a move by musk to ratchet up the value of these assets. and while the nonprofit board is not serving shareholders like a traditional board, it is required to serve the public good legally, which is determined by the attorneys gene

and elon musk wants to buy openai the amount he's offering and how openai ceo sam altman is responding. good monday everyone. the news at 530 starts right now. thanks so much for joining us. i'm janelle wang and i'm raj mathai. just months into a criminal investigation into a major public health system, its ceo is leaving. she's leaving contra costa health and heading to another agency. investigative reporter candice nguyen broke the story of the original complaint. she joins us now in candice. what are you learning? ceo anna roth is leaving contra costa health as the state justice department's medi-cal, fraud and elder abuse division investigates whether a county run medi-cal program that she oversaw ignored patient medical needs and harmed patients. after serving as contra costa health's chief executive officer for seven years and as the county's health director for seven years before that, according to her linkedin. anna roth will be leaving her post for a new role with tahoe forest health system. contra costa health recently announced. it's been heartbreaking. it's been really hear

you have to go into the weeds of what is happening in openai. not only are they fundraising to the tune of a $300 billion allocation of that fundraising of about 400 billion dollars. but really what people are talking about is the structure of openai. under 2015, when elon musk first help their -- first helped bring it to bear. it converted in 2019 to be a nonprofit that then ultimately controlled the capped product structure that allowed it to continue to raise funds. openai says once upon a time, you wanted it to be for-profit too. at the moment they are also converting to a public benefit corporation, trying to come in thinking around this. what would it mean that they have to pay the nonprofit a certain amount of money? at the moment about $30 billion, $40 billion, discussed according to reporting. elon musk is saying, your profit is worth up to nearly $100 billion. is that the bit they are trying to do -- to slow down? the restructuring of openai more broadly rather than the fundraising. there are a lot of questions and still many answers t

we have some breaking news and some new comments from openai ceo sam altman. on the heels of elon musk and his bid to take over openai, we're joined. >> by senior. >> cnbc senior technology correspondent arjun kharpal. you're live, arjun, from the ai action summit. >> share what. >> you're learning. you just talked to sam altman just moments ago. >> yeah. >> that's right. >> coming off. >> the back. >> of this proposal. >> from elon musk. >> and a consortium led by him to. bid for the nonprofit, part. of the openai business. >> for nearly $100 billion. >> we managed. >> to get a few seconds. >> with sam altman. >> as he. >> was walking. away and asked him about. >> if he's taking this. deal from elon musk seriously. >> let's listen in. >> i think it's to slow down a competitor and try to catch up with. >> his thing. >> but i. >> don't really know. >> yeah, but. >> you know, well, right. to the degree anybody does. >> so sam. altman there saying. >> he thinks it's. >> a bid. >> to slow down the progress. >> of openai. and of course, you've got to remember, elon

elon musk funded openai with sam altman but before took off. where it is becoming used more widely isnew ai features in phones. i think one of the biggest trends saw in the market was trends we saw in the market was premium segments continues to even though a huge part boom even though a huge part came from a refresh of cheaper came fremreerefresh ef cheaper to the devices. according to the data from last year, we saw the from last year; we saw the number of smartphones highest nbmberofsmartphones worldwide ever, that shipped worldwide ever, that cost more $600, the same eest more than,$600. the same those costing more than ferthese sestina mere�*ha" . , , we have never had ferthese testing mere�*ha" , , , we have never had the $800. we have never had the number of phones being same number of phones being sold ai capacity is the key sold and ai capacity is the key investment coming into these devices. currently we are at basic ai features, looking at basic ai features, translation features, several search for the really to search for the really interesting part that are . {0 to assess

and now openai's ceo, altman, he wants to turn openai into a for-profit company, and musk is trying top that through the courts. he wants to keep it a nonprofit. and that's where this offer from musk really comes into play. musk's lawyer says if openai were converted into a for-profit company, then the nonprofit should be compensated for losing control over that a.i. technology. so it's musk's near $100 billion offer for the for-profit -- excuse me, for the nonprofit on the table, it now could be harder to convert openai into a for-profit version. listen here. >> can you afford to buy open a a i now in. >> the board will decide what to do. the nonprofit will continue as a very, very strong thing. the mission is very important, and we're totally position focused on making sure we preserve that. >> reporter: if there are more offers that come in, musk's lawyers say they're ready to match or go higher, and it could be more difficult to turn openai into a for-profit -- david: the iron anywhereny is trump has brought both of these guys into the white house. you get a sense he's having fun w

. >> openai perspective. >> is that elon musk wanted to take over openai. >> he wanted to merge. >> it with tesla, in fact, and that when sam altman refused to do that and in fact took over the company himself, that's when their relationship really started to break down. >> musk has since filed multiple lawsuits against openai, accusing the company of betraying its nonprofit mission by looking to make a profit with its a.i. tools, an accusation altman denies. their feud spilled out in public again last month when president trump hosted altman and two other ceos at the white house to launch a $500 billion a.i. infrastructure investment. musk tried to undermine the announcement, posting, quote, they don't actually have the money. trump himself commented on musk's disdain for altman. >> he hates one of the people in the deal. >> now. >> this. >> relationship has soured so. >> much to the fact that they're, you know, trading. public barbs. it really speaks. >> to how much. >> the trump. >> relationship has really come between the two of them. >> sam altman also said he's not concerned that

this is the first official response we've gotten from openai. from ceo sam altman's tweets, lawyers for openai argue here that musk is contradicting his own legal claims with this proposal. they say while musk's filing. i'm paraphrasing here, but the musk filing, they say, asserts openai's need to remain within a charitable trust and should not be transferred for private gain. but they make the point here that at the same time, his proposed acquisition seeks to transfer all of openai's assets to himself and to his private investors for his economic benefit and to that of his competing ai business. xai and handpicked private investors in the filing here. openai lawyers calling musk's efforts, quote, an improper bid to undermine a competitor. musk has been suing openai to block its transition to a for profit from a nonprofit. musk is also a co-founder of openai and sam altman, saying yesterday in a memo to staff that we obtained. the board does plan to reject this bid and does have a duty to the mission, as he called it. altman did say that openai

. >> openai. his perspective is that elon musk wanted to take over openai. he wanted to merge it with tesla, in fact, and that when sam altman refused to do that and in fact took over the company himself, that's when their relationship really started to break down. >> musk has since filed multiple lawsuits against openai, accusing the company of betraying its nonprofit mission by looking to make a profit with its a.i. tools, an accusation altman denies. their feud spilled out in public again last month when president trump hosted altman and two other ceos at the white house to launch a $500 billion a.i. infrastructure investment. musk tried to undermine the announcement, posting, quote, they don't actually have the money. trump himself commented on musk's disdain for altman. >> he hates one of the people in the deal. >> now, this relationship. has soured so much to the fact that they're, you know, trading public barbs. it really speaks to how. >> much. >> the trump. >> relationship has really come

musk looks to buy control of sam altman's openai. the feud between the two tech titans gets personal. what altman said today about musk next. today about musk next. s and diet... listen to talk to your doctor about repatha. repatha plus a statin lowers ldl-c by 63%. do not take repatha if you're allergic to it. serious allergic reactions can occur. get medical help right away if you have trouble breathing or swallowing, swelling of the face, lips, tongue, throat or arms. common side effects include runny nose, sore throat, common cold symptoms, flu or flu-like symptoms, back pain, high blood sugar, and redness, pain or bruising at the injection site. ask about repatha. [ serene music playing ] welcome to the wayborhood. the wayfair vibe at our place is western. my thing, darling? shine. gardening. some of us go for the dramatic. how didn't i know wayfair had vanities in tile? [ gasps ] this. yeah. wow! do you have any ottomans without legs. shaun, you'll flip for the poof cart. in the wayborhood, there's a place for all of us. ♪ wayf

and certainly openai has its eye on those two pieces.e weekend, sam altman posting about where they are, according to similarweb, in terms of most visited website, i believe it's 5 or 6. no surprise google has the top with search and youtube and then it's the meta properties. >> i'm getting more and more used to using that. kind of like the i tried to ask it last night, name the last ten super bowl halftime shows, but i was googling it and then i had to open a web page, and the web page wasn't helpful. and i was like, ai is better ai. does this better. >> give you the answer right away? >> i didn't actually go and use it because then i was like, i did it, but i liked the super bowl ad. deirdre, thanks for now. we appreciate it. deirdre bosa. still to come, the steel prices spiking to a ten month high as the president announces plans to impose a 25% tariff on imported steel and aluminum. american producers are getting a boost today. but what will it mean for us manufacturers? we'll ask the ceo of zekelman industries about that next. >> te

competitive products to openai.nd there's a number of other companies across the continent as well. so there really is a sort of. >> a europe. >> here throwing its hat into the ring and saying, we are here. and we do feel we can compete on the world stage with the us and china. >> yeah, it was interesting. arjun, during the olympics to watch france try to add an ancillary story about their commitment to growth, tech incubators and all things ai. we'll hear from you later on today, i hope. arjun kharpal joining us in paris, by the way. altman did go a little farther in some other interviews today. i wish he would just compete by building a better product. probably his whole life is from a position of insecurity. i feel for the guy. i don't think he's like a happy person. i mean, you get a sense of how personal this is. >> well, and then musk shot back on twitter, calling him a swindler. it's drake, kendrick lamar. here we go. it's like super bowl. >> halftime show. >> on a huge stage. >> with like, hundreds of billio

listen to what he said. >> look openai is not for sale. the openai mission is not for sale.n tries all sorts of things for a long time. um, this is the, you know, this week's episode. >> do you think musk's approach then is from a position of insecurity about a.i.? >> probably his whole life is from a position of insecurity. i feel for the guy. >> do you feel for him? >> i do actually. i don't think he's like a happy person. i do feel for him. >> his his whole life is from a position of insecurity. i feel for the guy. i don't think he's a happy person. >> yeah. >> listen, this battle is heating up. it's getting very personal as far as what happens with this deal. cnn's kara swisher said unlikely to have a deal here, for obvious reasons, but that might not really be the ultimate goal here. musk could be trying to throw a wrench in some of openai's fundraising efforts. their effort to convert to a for profit company. but we've got to stay tuned to this, this story, because it's not going away. >> yeah, it's somewhere between trolling and also literally wanting to spike some bu

so it's not all in one check to openai pre-money valuation 260 billion for openai post taking in theey $300 billion is what this latest round of fundraising will mean for openai's valuation. of course, openai, the parent company of chatgpt, it is still in process. that could take quite some time. it's got a level of complexity to it, fairly high. one of moving from a not for profit to a for profit. and obviously it's also involved in litigation with the likes of elon musk about some of that as well. that is not deterring masterson, the man who runs softbank, from making this a very important investment for his firm, in the belief, obviously, that there was a great deal of profitability yet to come for this company and doing so at that 260 billion valuation he's willing to come in for, i'm told the expectation is when all is said and done and when you finally get a cap table on this thing at some point down the road, they're going to own as much as 15%. that being softbank of openai, that would put them at a higher equity ownership, i believe. then microsoft, of course, which has been

rene: openai is a fantastic partner. arguably, they are the leader at the moment in terms of chatgpt and the api and enterprise suite. we work with everyone and we work closely with google and meta and aws and all of the partners. we are thrilled to be involved with openai. caroline: we are going to lean into that china and u.s. story. deepseek, extraordinary. the push and pull. could you explain as to whether you think we are going to need as much compute as we all foresaw? rene: unquestionably. i think that even more than we thought about. so why is that? if you look at what deepseek has done, which is an amazing piece of work. they have done distillation, which is building on top of an existing frontier model which takes lots of power and lots of compute to generate. if you think about gpt four which was hundreds of megawatts, six through seven are in the gigawatts. even though you might have models that can distill or build frontier models, the frontier models need a lot of power. with that, that drives a huge demand

musk is leading a group of investors in offering to buy openai for $97 billion. the bid is for the high profile nonprofit that oversees the ai startup. in a post on x, openai ceo sam altman said, quote, no thank you, and instead offered to buy twitter counterpunching there, musk replied, calling sam altman a swindler. they don't like each other. musk and altman were both co-founders of openai back in 2015, establishing it as a nonprofit focused on ai research. musk now has his own startup called x ai, and is suing openai to keep it from converting into a for profit corporation. well, here's a story that's standin out to us. should it be a crime to help homeless people? the city of fremont is on the verge of passing a first of its kind ordinance and getting the attention of a lot of people in doing this. the proposal has two parts. first, it would ban encampments on any public property and private property not specifically designed for camping. here's the curveball, though the ordinance would also make it a crime to aid and abet an illegal encampment. those caught

all the details of the battle over openai coming up. futures indicated a decline at the start of trading were looking at stocks lower, the dow industrials down 111. the nasdaq 112 in the s&p 500 lower by 23 as we look ahead to major inflation data and earnings this morning. and all week. coca-cola will be out before the opening bell we will get you those numbers as they cross going into it, the stock is flat up fractionally higher ahead of the january consumer price index out tomorrow morning that could be a major market mover, were expected again 310 several% higher month over month 2.9% higher year-over-year. gold prices hitting record highs, take a look at gold breaking out the breakout continues right now we will take a look at gold with the price down a fraction at 29.30 in all-time record performance yesterday. european markets this morning look like this, take out the eurozone the s&p 100 in london it is over by six and a half but the cac is higher by a point in the dax index is higher by 16. in asia overnight the markets finish

originally approached him to fund a nonprofit focused on developing al to benefit musk co—founded openai0 an ounce in sight? the last few hours. from volatility on the markets — a lot of that of course due to president trump's policies. the latest steel tariffs. markets here in london — he gave us a sense of the demand for gold at the moment. oddly enough, i mean, it's a psychological level about possible tariffs on steel and aluminium. and there are concerns that there could also and silver into the us. and, in advance of that, significant amounts to most certainly challenge that you know — i'm not suggesting it's a bubble at all — for so long, you're wondering when the drop will come. would you say that? on the way up. and we haven't had that. gold's behaving in a very ungold—like way. that the buyers behind it have very high conviction and, you know, the market doesn't pause for breath. the sum of all fears. geopolitical risks linked to the economy. 0k. you me him there. that's all from me. back there.that"s-3i.i frnm me. back, you, terminally—ill adult trying to end their life hadn't

. >> there's a battle brewing over control of san francisco based openai.ia, a group of investors led by elon musk, have offered to buy its parent company. >> yes, the group is offering about $97.4 billion to buy the nonprofit behind openai, according to elon musk's attorney. the plan is to keep the company as a nonprofit research lab. this all comes as openai ceo sam altman has been trying to convert the company to a for profit entity. altman has quickly rejected this bid for his company, saying on x, no thank you. he then offered to buy x for a lower price in the same social media post. the offer from musk follows multiple legal complaints filed against openai and altman. musk claims that openai is misrepresenting itself as a nonprofit while it seeks to make a profit with its famous artificial intelligence tools like chatgpt. musk co-founded the company with altman in 2015 and then left. he then invested millions of dollars into the startup in 2018. musk's attorney has submitted offer paperwork to openai's board of directors, and experts believe the curre

you've even got ex openai co-founders getting ready to launch their new startup.see more competition come online. all of this to say, kelly, the urgency for altman openai now to make new transformative breakthroughs that is rising. he may have the firepower, but altman has to prove that openai still has the edge and is profitable and can scale. deirdre, thanks. appreciate it. deirdre bosa it's a mega valuation. still to come, congress gearing up for a taxing battle after the president laid out his plan to the republican conference. we'll dig into the specifics, the potential end of the carried interest loophole and the impact all of this will have on the deficit. that's next. >> techcheck is sponsored by >> techcheck is sponsored by comcast at ameriprise financial, we know our clients are so much more than clients. they're conquerors and champions, and what matters most to them matters most to us. it's no wonder we have a 4.9 out of 5 client satisfaction rating. ameriprise financial. >> for 20 consecutive quarters of revenue growth in a $2 trillion electrification

years ago, they founded openai together as a nonprofit entity. and, you know, as this thing grew in power and stature, elon musk walked away. he's very much convinced that this is an a.i. could be very dangerous for the world. whereas sam altman thinks it's going to be transformative in a positive way. and so as elon broke off, this is his kind of way of trying to get back in. and potentially, if not take over the company, which will probably almost certainly be rejected of an offer, at least make it more complicated for altman to to to take it, make it a for profit entity. >> is there any chance that altman and openai may actually be forced to consider any of this? >> so this is the the interesting thing here. you know, they can reject the bid. it's a it's a private company. it's not like a hostile takeover in a public company. so they could reject the bid. the problem is they're trying to turn this company into a for profit company from its non profit status. and if they reject this nearly $100 billion bid, they have to sort of tell charity reg

so if a company like openai could be could be doing the same thing, it would really be impactful forrld. >> so you would support it. >> elon musk bid. >> on openai. >> i don't know, it's hard to know without the details, but anything more open i would support for sure. >> one of elon. >> musk's rationales for. >> for proposing. >> such a deal. >> is the idea. >> to return. openai back to. >> open source. >> roots, and huggingface. >> is a big proponent. >> of open source technology. >> and you heard the ceo saying. >> that if openai did move in that direction. >> it. >> could be pretty big for. >> the industry. >> the other point you heard clément. >> delong mention there as well. >> was around deep sea. >> this has been a big topic of conversation. >> because of. >> the efficiencies it. >> showed with. >> its ai model on slightly. >> older or less advanced nvidia. chips as well. and so the. focus here. >> now is what. >> happens to. >> these models is bigger and bigger and bigger, always better as. >> openai is showing. >> or actually. >> is there a need. >> for. >> a new way to thi

it is so evident to anybody who understands what's going on elon musk has pitted a battle with openaiprofitable versus nonprofitable. what do something like this say to you when the games of brinkmanship plus you at amazon or tried to put together the best quality stuff for the most number of companies? >> how we think about it there are a lot of interesting models out there. it is not surprising that people are investing a lot of the space. there is a huge potential impact to the world as i called out. at amazon how we think about it we want our customers to have access to the best technologies. from the very beginning we built bedrock in stage maker to really give customers access to a wide variety of models out there in a wide variety of capability so they can build their capability on the technology. we partner with many of the different model providers and we build our own models ourselves, amazon couple of months ago released the frontier model called nova and they're quite popular with customers and why people are getting out of the models and we think of on-time there could be

openai, though, is largely owned a big stake by microsoft, and so it's got a lot of money behind it. elon musk stepping into that with an ai company of his own, by the way, and making a $97 billion bid for openai. sam altman dismissing that quickly. and that just even ramps up the back and forth. they're clearly squabbling and they just don't get along right now. but it seems to be that's kind of a distraction, taking him away from what's going on in the white house, which, if you ask tesla shareholders, is even further taking him away from running that company. and over the last 4 or 5 days, you've seen tesla stock go down. i think investors would like to see a little more focus on them. sam altman just offered to buy x. that's right. he, as a response, said, i will buy your company for a fraction of what you'll buy. mine about 10%. and you know, this is just online beef back and forth at this point. okay. thank you so much, scott. well, a lot more news ahead. making sure the next generation is prepared to fight our climate in crisis. the bay area uversity requiring a climate justic

take a listen. >> look, openai is not for sale. the openai mission is not for sale. elon tries all sorts of things for a long time. um, this is the, you know, this week's episode. >> do you think musk's approach then is from a position of insecurity about xai? >> probably his whole life is from a position of insecurity. i feel for the guy. >> do you feel for him? >> i do actually. i don't think he's like a happy person. i do feel for him. >> so clearly no love lost between elon musk and sam altman. look, this is not just another battle between billionaires. there's so much at stake here in the a.i. arms race. so we've got to watch this space very carefully, pamela. >> we will. matt egan, thank you so much. and coming up, it's the most intense flu season in at least 15 years. dr. sanjay gupta is next on a new at-home tool that could help. we'll be right. >> back. >> hey, sam, what's going on? >> hey, joe. we're getting our new replacement windows installed. we went with renewal by andersen. they're replacement windows are among the best in the industry. >> good mornin

use openai organisations are seeking to joi| unauthorised use of )enai organisations are seeking to7tol7d7the bbc allegations and told the bbc uses publicly available data thatis uses publicly available data that is in with widely that is?in line with widely legal precedents. that accepted legal precedents. that if it edition of business is if it edition of business you soon. hey, it's lucy with the catch—up. are phone bans a good thing, and even animals love banksy. president trump says he wants the us to take over gaza and redevelop it. he said gaza could be the riviera of the middle east. so what is trump's plan for the 1.8 million with humanitarian hearts, and there are many of them and i think other countries will accept also. egypt, saudi arabia and turkey are rejecting the idea say there are less bullying and more social interaction. palmerston, the former cat at the foreign office, has been brought out of retirement to go there, the foreign office says its first feline diplomat photos, and, of course, the photos are of cute animals. that's us for tonight, have a good one. he

some comments about openai about the bid they put in, what he said was openai shifted away from its originse a return to what it was. tom mackenzie spoke to sam altman and they rejected the bid from elon musk. interesting to hear from muska. lizzie: yeah, yeah, yeah. the opening trade is next. this is bloomberg. a sleep number® smart bed is perfect for couples the climate360® smart bed is the only bed that cools and warms on each side and all our smart beds adjust the firmness for each of you. and now, save 50% on the new sleep number® limited edition smart bed. shop a sleep number® store near you. anna: good morning, i'm anna edwards alongside guy johnson. here's what you need to know

and in the meantime, there's more money just coming at openai. our kate rooney and david faber have been reporting the last couple of days that openai is in the process of raising money from softbank at a 300 or $1 billion or more valuation. that's up from the current valuation of $157 billion. now, the question also comes what does musk gain by just owning this nonprofit arm? part of it could be a response to what we learned in court last week, and take some control over openai's technology. but at the same time, it sounds like sam altman at least. and most likely the board has no appetite for this kind of offer, and it's just going to have to play out in court. melissa. >> all right, steve, thank you. thanks. steve kovach. dan, what do you make of this? >> well. >> i mean, go back to that stargate announcement, right when sam altman got in there. he did a little end around on elon. he was up there with larry ellison and masa son. i mean, i just can't imagine how this is not going to end in tears. we've got elon really close to the president for

in a post on x, openai ceo sam altman fired back, saying, quote, no, thank you. and instead he offered to buy twitter. musk replied, calling altman a swindler. musk and altman were both co-founders of openai back in 2015, establishing it as a nonprofit focused on ai research. well, meta is reportedly laying off thousands of workers beginning today, according to a mem first reported by reuters. the menlo park based company will be carrying out performance terminations, letting go of 5% of its most underperforming employees. meta has plans to replace those employees with machine learning engineers. google calendar has wiped away several cultural holidays and events from millions of devices across the world. the tool no longer acknowledges the start of black history month or women's history month. google's spokesperson says the changes actually took place in the middle of last year, and that it's just not sustainable to include hundreds of observances on the calendar. the mountain view based company also removed the first day of indigenous peoples month, the start o

told staff in a message the company's board will make the perceived value of the nonprofit arm of openaih is musk's ai company. between these two. with enormous power, and we've seen in the political world, too. yeah, i'm, you know. and i think there's a lot of hype around these technologies. and this all comes, of course, as we've seen this huge ai conference in paris. the us and the uk have not signed an agreement on that summit. approaches to ai. the us case. about the threats of, you know, ideology. on stage saying, you know, it's a nice idea. that's not possible. ai is a, you know, a kind of scaled up version it's going to have ideological components, and the idea that the americans have ofjust and they don't want, any kind of sustainability pledges in play here. and so they're trying to kind of squash it but, you know, ithink we're in a position now where the americans, are increasingly kind of unreliable and perhaps weak. consortium, you know, collective power. and i'm, i'm interested to see where the uk will, kind yeah. should have been there? i think the lasting value in ai will

you had bosch and you had chatgpt openai. what's the return on those investments?>> first of all, good morning. thank you for having me. i think it's, you know, there's so many different ways to measure it. it still remains the biggest stage for brands and advertisers in the world. and i think there's the sort of the definitely the impact, immediate impact. but they're trying to capture the nation's zeitgeist. so i think you don't just measure it in clicks and shares, you also you measure it in, you know, very much. the growth for each brand. and you take they're such very different brands. those two openai chatgpt, again, it was their first time sort of into the public forum. and i think it's such a vast growth rate for them. but it's really, you know, everybody wants to introduce themselves and everybody some people want to get platforms. >> and get products. >> out there, and other people want to sort of win people over. i think at the end of the day, they have to participate, and it's much more than just that. 30s i think people measure it in thinking it's just

right when openai is transitioning to a for-profit company.f elon musk is trying to sop all of that. so the openai ceo is elon musk's archrival -- david: david his former partner, by the way. >> they founded this company together about a decade ago. so sam at taan responded to this unsolicit ised bid saying, no thank you, but we will buy twitter for $9.74 billion if you want. david: he just moved the decimal point over one -- lauren: and he's saying you've done nothing with this company. that offer for openai, doesn't that seem cheap considering what the latest funding expected to come in -- said david i think he was playing with that just to kind of put it in your face, elon, you know, take your money and shove it. lauren, thank you very much. tom hayes joins me now. tom, i do love it when billionaires have these spats, particularly ones that were former partners. i wonder if some of it, though, is being made up just in order to get attention for what they're doing. >> this is high stakes poker, for sure. elon musk does not want to see softba

co-founded openai. 2015. >> i think we've got a really talented group at openai. >> who are. >> unusually fearless and. >> willing to. >> go in the face of other. >> people telling you something is crazy. >> but now. musk's company, x ai, is a competitor to. altman's openai. >> i mean, look, openai is not for sale. the two are. >> also fighting in. court after musk sued altman and openai, alleging that they double crossed him on a promise to keep the company a nonprofit. >> openai, saying. >> they need to become a for profit. >> company to raise money. >> caught in. >> the middle. >> president donald trump close with musk, but also. >> heaping praise. >> on altman at a recent white. >> house event. >> i would say the by far the leading expert based on everything i read. sam altman. >> a former friendship gone foul with. >> the. >> future of ai hanging. in the balance. >> that was nbc's brian chung, with the report on the billionaire's continuing to fight. and that's actually a fight that we need to pay

we will see you soon dave mccormick capitol hill, cfo of openai here will join us in a "fox business"n competition with chinese a.i. deepseek how trump tariffs can impact the sector you are watching "mornings with maria" live on "fox business" stay with us. ♪ ♪ ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management ok guys, instead of getting weathertech, i saved a few bucks and got some cheap, foreign made floor mats. but they really stink, so put these on. ♪ really, gary? mom, i'm thirsty. don't settle for cheap, stinky floor mats. at weathertech we make our floorliners and cargo liners here in america, out of pure non-toxic american materials. dad, next time get weathertech. they don't stink! i'm on it. find out everything we have at wt.com. at ameriprise financial, we know our clients are so much more than clients. they're conquerors and champions, and what

openai ceo sam altman responded saying no thank you. speaking to bloomberg earlier this morning, open fire the latest shot in the war of words between the two. >> probably his whole life is from a position of insecurity. >> you feel that? >> i do. i don't think he's a happy person, i feel for him. >> there has been no response from mast on that data and that is varied. -- and that is your brief. jonathan: escalating trade tensions. >> a 25% tariff without exception on all aluminum and all steel, and it's going to mean a lot of businesses are going to be opening in the united states. jonathan: in just a few moments we will catch up from ed mills of raymond james. the latest threat to snap back. the latest threat to snap back. ♪ i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock

bye—bye. for chat gpt maker — openai.ariffs on steel and aluminium imports. president trump announces 25% tariffs on all steel and aluminium imports into the us.

a war of words between elon musk and the cao of -- ceo of openai.s a consortium of investors who have opened a bid to purchase openai. sam altman a client of the offer on twitter and said no thank you, we will buy twitter for $9.7 billion if you want, to which muska responded swindler. there is no love lost between these two. it's a game going on because he is trying to push up the price of openai. are you at all concerned if musk were serious that we have someone who has so much control, not only over social media but also the developing ai market? >> yes and no. anyone would be concerned if an individual takes that element of control in the emerging technology, which chatgpt has been the sort of game changer. especially the public's visibility of ai technology. we knew it had been coming for years. but that chatgpt moment in november 2002 really changed things. yes of an individual takes control. but there are much bigger models out there, other platforms. we have seen what china did with deepseek. there will be competition. >> very quickly, is mu

these two men founded openai together. where do you think this rivalry is going?t going to end well. >> for whom? >> you know, i would like to believe it's not going to end well. i'd like openai to be properly run by a nonprofit which actually cares about not. >> building machines that ended last year. yeah, yeah. no. >> but i. >> mean, it's hard to know how it's going to come out. i, you know, musk's ability to marshal the courts and make things come out his way is pretty impressive. >> i would argue that he's not going to get openai. you know, microsoft has an interest in this. there are a lot of large companies beyond elon musk's that are that have a vested interest in openai doing what it's doing right now, which is developing the next version of chatgpt agentic artificial intelligence, all these types of things that that are on the drawing board for openai. but these are two rivals, and we've seen this in american business time and time again, going at each other, whether it was bill gates and steve jobs or it could have been, you know, jp morgan and others b

from openai and other sources to learn what it learn. >> it is true and ironic because openai use ofsource model and they decided to close it to make money and not deepseek is open-source and has everyone forgot. ben is going to explain why 130- ♪ chocolate fundraiser. with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily and send money quickly. ♪ that's convenience from chase. join thousands of advertisers who have built their businesses, reaching america's most influential audience. need creative? we can help. fox news media impact starts here. advertise with us today. all the buzz around bitcoin isn't just talk anymore crypto has gone mainstream. at itrustcapital, you can buy and sell cryptocurrencies 24/7 with the tax benefits of an ira. that's right, with an itrustcapital ira, you can defer taxes until retirement or choose a roth ira for tax-free withdrawals later. setting up an account is quick and easy it only takes minutes. open your account today at itrustcapital.com. the new era of crypto is here. you founded your kayak company because you l