On February 12, 2025, Sam Altman criticized Elon Musk’s $97.4 billion OpenAI acquisition bid, calling it insecure and asserting that OpenAI is not for sale. Concurrently, a $1.4 billion tax dispute arose in India involving Volkswagen, accused of using enterprise software to circumvent tax laws.
On February 12, 2025, significant developments in the corporate landscape were noted, particularly concerning the interaction between key industry figures. Sam Altman, CEO of OpenAI, publicly criticized Elon Musk, stating, “I feel for the guy, not a happy person,” in response to Musk’s $97.4 billion bid for the company. Altman dismissed the acquisition as a maneuver stemming from Musk’s insecurities, reasserting that OpenAI is not available for purchase and expressing concern that Musk’s intentions may impede the company’s progress.
Additionally, Volkswagen is embroiled in a substantial $1.4 billion tax dispute in India. The Indian government alleges that Skoda Auto Volkswagen India utilized the Nadin enterprise software to evade tax obligations; however, Volkswagen defends the software as a legitimate tool for production efficiency used globally.
In summary, the business news on February 12, 2025, highlights the friction between Sam Altman and Elon Musk over the latter’s acquisition proposal for OpenAI, with Altman asserting the company’s independence while questioning Musk’s motivations. Furthermore, Volkswagen faces legal challenges in India regarding tax compliance related to its operational software. These events reflect ongoing tensions and challenges in the corporate sector.
Original Source: www.livemint.com
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