In a groundbreaking move, Elon Musk and a consortium of investors have offered $97.4 billion to acquire control of OpenAI, according to a report by The Wall Street Journal. The bid, which values the artificial intelligence research company at an unprecedented level, underscores the growing importance of AI in shaping the future of technology and industry.

Musk, a co-founder of OpenAI who left the organization in 2018, has been vocal about the need for responsible AI development. The bid reportedly includes plans to accelerate OpenAI’s research while ensuring ethical oversight. “This is about securing the future of AI in a way that benefits humanity,” Musk stated.

The offer has sparked debate within the tech community, with some praising Musk’s vision and others expressing concerns about the concentration of power in the hands of a few investors. OpenAI, known for its ChatGPT and other AI innovations, has not yet publicly responded to the proposal.