Elon Musk’s full offer letter to buy OpenAI reveals five key details

Pivot 5: 5 stories. 5 minutes a day. 5 days a week.

1. Elon Musk’s full offer letter to buy OpenAI reveals five key details

Elon Musk's x.AI consortium has offered to buy OpenAI for $97.4 billion, a move that CEO Sam Altman has dismissed. Altman's lawyers argue that Musk cannot have both options: attempt to buy OpenAI's assets and try to stop it from changing its nonprofit status.

Musk's team has responded that it would withdraw the bid if OpenAI ceased its attempts to convert itself from a nonprofit. The unsolicited offer has a clear deadline set for May 10, 2025, and 100% of the purchase price will be paid in cash. Musk's legal team says he will drop the bid if OpenAI stays a nonprofit.

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2. OpenAI CEO accuses Elon Musk of trying to slow company's progress

OpenAI CEO Sam Altman has accused Elon Musk of slowing down his company's progress following Musk's $97.4 billion consortium bid to buy control of OpenAI. Altman criticized Musk's tactics and suggested that he may be trying to slow OpenAI down.

Altman expressed minimal concern about Musk's influence in Trump's administration but acknowledged it might warrant attention. Musk's move to buy OpenAI could complicate Altman's reorganization plans, including a shift to a for-profit model and its ambitious Stargate project.

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3. Workday launches a platform for enterprises to manage all of their AI agents in one place

HR giant Workday has launched the Workday Agent System of Record, a system that helps enterprises track their AI agents in one place. The system provides visibility into their tasks, impact, and access to agents.

Workday CEO Carl Eschenbach believes that as AI agents become more integral to an enterprise company's workflow, companies should have a unified platform to manage them. The company also introduced its own AI agents, which are more role-driven and can better collaborate with human employees.

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4. From the YouTube CEO: Our big bets for 2025

YouTube's 20th birthday is marked by a transformation in culture and a thriving creative economy. Creators have moved from filming grainy videos to producing popular talk shows and feature-length films.

Last year we rolled out Dream Screen and Dream Track which generate image backgrounds, video backgrounds and instrumental soundtracks for Shorts. We’ll continue investing in these features, including integrating Veo 2 into Dream Screen soon.

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5. New Adobe Firefly

Adobe Firefly offers a range of innovative AI tools for creating images, videos, audio, and vectors. It includes text to image, text to video, scene to image, translate video, image to video, and translate audio.

The app also provides powerful editing tools in a streamlined interface. Firefly is commercially safe and uses content we have permission to use. The Content Authenticity Initiative (CAI) sets new industry standards for responsibility. The community on Discord is over 600,000 and growing.

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