Elon Musk is leading a consortium to acquire nonprofit organization OpenAI for $97.4 billion in an effort to prevent its transition into a for-profit entity. This bid has led to a surge in AI-related cryptocurrencies and AI-powered projects. Musk co-founded OpenAI but has criticized its shift toward a for-profit structure, wanting it to return to its original mission of open-source AI development. OpenAI CEO Sam Altman sarcastically rejected Musk's offer, reflecting their strained relationship. The bid has sparked a rally in AI-related cryptocurrencies, with the AI coin sector's market capitalization increasing by 11% to $30 billion. The crypto market is showing signs of maturity, prioritizing long-term value and favoring altcoins with real-world applications like AI agents.



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