Hi and get ready for some $97.4B worth of AI drama.

Today, we're covering Elon Musk's outrageous bid to take over OpenAI and the immediate pushback it received from Sam Altman.

As the largest attempted AI acquisition in history unfolds, we'll break down what this power struggle means, along with our curated selection of AI news and tools you can try.

This Issue’s Highlights

• Main Story:  Musk bids $97.4B to take over OpenAI but the hostile move ends in immediate dismissal.

• Why This Matters: The massive takeover attempt shows just how high the stakes have become in AI development, with former collaborators now willing to spend unprecedented amounts to gain control of leading AI companies.

• AI Tool Spotlight: Overlap AI. It uses AI to turn any long video into short, social media-ready clips while removing tedious work.

A hundred BILLION? Not for sale

When the Musk-lead consortium launched their $97.4B takeover bid of OpenAI on Monday, it marked the largest hostile takeover attempt in AI history. But the real story is what happened next - an unprecedented immediate dismissal that reveals deep fractures in AI's future.

How the takeover drama unfolded:

• Musk's consortium sent a four-page Letter of Intent on Monday, offering $97.4B for all of OpenAI's assets. The bid came from a powerful group including Musk's xAI, Baron Capital Group, and other allies.

• Sam Altman, the CEO of OpenAI, didn't just reject the offer - he dismissed it before OpenAI's board even reviewed it, declaring "We are not for sale" at a Paris AI summit. The rejection was followed by a satirical counter-offer to buy Twitter for $9.74B, highlighting the growing personal nature of this conflict.

• The bid has exposed a bitter rivalry between old AI pals, with Altman suggesting Musk is trying to "slow down a competitor" while his own AI projects "try to catch up." Musk responded by calling Altman “Scam Altman” and a "swindler."

What's next?

The failed takeover attempt leaves both sides in uncharted territory. OpenAI continues its planned transition to a for-profit structure, with its upcoming funding round potentially valuing the company at $300B - making any future acquisition attempts even more expensive.

Meanwhile, Musk's legal challenges against OpenAI remain active, including lawsuits questioning the company's shift away from its original nonprofit mission. Industry analysts expect the rivalry between Musk and Altman to intensify as both race to develop more advanced AI systems.

AI News Flash

Musk's $97.4B OpenAI Bid Rejected - Hostile takeover attempt immediately dismissed by Sam Altman as attempt to "slow down a competitor," while company pursues $300B valuation

First Major US Court Rules Against AI in Copyright Battle - Thomson Reuters wins landmark case against Ross Intelligence, setting precedent that could reshape how AI companies use training data.

BBC Study Claims AI Can't Summarize News - Major investigation finds 51% of news summaries by leading AI assistants contain significant errors, with ChatGPT, Copilot, Gemini, and Perplexity all struggling with basic accuracy.

93% of Gen Z Use Multiple AI Tools at Work - Google survey reveals unprecedented AI adoption among young workers, with most using two or more AI tools for tasks from email drafting to legal research.

Trust in AI Shows Unexpected Growth - Year-long study reveals rising acceptance of AI as "human-like," with survey participants increasingly viewing AI tools as trustworthy despite initial skepticism.

AI Tools to Try Today

Tweet Hunter: Find and replicate viral Twitter content patterns through AI analysis. A database of 2M+ successful tweets powers its predictive algorithms, helping create engaging posts without guesswork.

Monica: AI assistance right in the browser window. Neural networks process context in real-time, turning complex research tasks into conversations.

Danelfin: A smart stock market analysis tool that  processes 10,000+ daily market signals to predict stock performance. By combining AI analysis with transparent algorithms, this system has consistently outperformed market averages since 2017.

Overlap AI: Turns long videos to social media clips through multimodal AI. The system identifies key moments automatically, handling the tedious work of video optimization.

Metricool: This AI unifies social media analytics across platforms into actionable insights, with AI processing engagement patterns to reveal what works and what doesn't.

Quick Watch

We’ve just created this video just in case your ChatGPT game could use a little help. Have a look.

Thanks for Reading!

…and that’s that for today’s issue. Hope you learned something new and we’ll be back on Friday with more AI.

Again, if you know some who wants to keep up with AI, feel free to forward this email to them. Thanks!

See you on Friday,

Skillademia