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OpenAI’s board has not received Musk’s takeover bid, source says

OpenAI’s board has not received Musk’s takeover bid, source says
This combination of pictures created on February 11, 2025 shows (L-R) Elon Musk in Los Angeles, on February 3, 2024 and OpenAI CEO Sam Altman in Tel Aviv on June 5, 2023. (AFP)
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Updated 12 February 2025

OpenAI’s board has not received Musk’s takeover bid, source says

OpenAI’s board has not received Musk’s takeover bid, source says
  • OpenAI’s board of directors has not yet received a formal bid from Musk’s group, a source familiar with the matter told Reuters on Tuesday

NEW YORK/PARIS: OpenAI’s board has not yet received a formal bid from an Elon Musk-led consortium, although a lawyer for the billionaire said the offer had been sent to OpenAI’s outside counsel. A day after Musk publicized a bid to offer $97.4 billion to buy the nonprofit that controls ChatGPT maker OpenAI, the two sides were still at odds over what exactly happened to the formal bid.
OpenAI’s board of directors has not yet received a formal bid from Musk’s group, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over the unsolicited attempt to take control of the world’s most prominent AI company.
Musk’s lawyer, Marc Toberoff, told Reuters that he sent the offer by email on Monday to OpenAI’s outside counsel at Wachtell, Lipton, Rosen & Katz. The law firm did not immediately respond to a request for comment.
The bid — attached to an email — was in the form of a “detailed four-page Letter of Intent” to purchase OpenAI’s assets, signed by Musk and other investors and addressed to the board, Toberoff said.
“Whether Sam Altman chose to provide or withhold this from OpenAI’s other Board members is outside of our control,” he said, referring to OpenAI’s CEO.
The nonprofit that controls OpenAI is not for sale, Altman told Reuters on Tuesday when asked about Musk’s offer to buy it. The offer by the Musk-led consortium came amid the billionaire’s fight to block the artificial intelligence startup from transitioning to a for-profit firm.
“I have nothing to say. I mean, it’s ridiculous,” Altman said on the sidelines of an AI summit in Paris when asked about the offer.
“The company is not for sale. It’s another one of his tactics to try to mess with us,” Altman said, referring to Musk.
In an internal message to OpenAI employees on Monday, Altman said the board, though it had not officially reviewed the offer, planned to reject it based on the interest of OpenAI’s mission.
Musk cofounded OpenAI with Altman in 2015 as a nonprofit, but left before the company took off due to a disagreement over the company’s direction and funding sources with Altman and other co-founders. In 2023, he launched the competing AI startup, xAI. Musk, the CEO of Tesla and owner of technology company X, is a close ally of US President Donald Trump. He leads the Department of Government Efficiency, a new arm of the White House tasked with radically shrinking the federal bureaucracy.
OpenAI, in the process of raising $40 billion, is also seeking to transition into a for-profit from a nonprofit entity, which it says is required to secure the capital needed for developing the best AI models. The complicated transition involves putting a price tag on OpenAI’s nonprofit control of the for-profit arm.
Delaware Attorney General Kathy Jennings has said she is reviewing OpenAI’s proposed changes to ensure the company is “adhering to its specific charitable purposes for the benefit of the public beneficiaries, as opposed to the commercial or private interests of OpenAI’s directors or partners.”
Legal experts said Musk’s bid complicates the fair value held by OpenAI, particularly regarding charitable assets in its complicated corporate conversion, meaning the price it needs to pay in exchange for the nonprofit to give up control.
“It does help set a price point for the thinking about the valuation of the nonprofit assets,” Robert Weissman, co-president of Public Citizen, the consumer rights watchdog, told Reuters. “If it were to occur as proposed, the regulators have a duty to ensure that if there’s a selloff of assets to a for-profit entity, that fair market value is obtained.”


Princess of Wales pulls out of engagement at Royal Ascot

Updated 5 sec ago

Princess of Wales pulls out of engagement at Royal Ascot

Princess of Wales pulls out of engagement at Royal Ascot
Kate has been gradually returning to public duties since last fall
Racegoers had hoped to see Kate on Wednesday

LONDON: The Princess of Wales canceled plans to attend Royal Ascot on Wednesday as she continues to balance the demands of her public duties against the realities of her recovery from cancer.

Kate, as Prince William’s wife is commonly known, has been gradually returning to public duties since last fall, when she announced that she had completed chemotherapy and would return to work. At the time, she said her road to full recovery would be long and she would “take each day as it comes.”

Royal Ascot, a five-day series of horse races, is the centerpiece of the summer social season in Britain, with members of the royal family attending throughout the meeting.

Racegoers had hoped to see Kate on Wednesday, as Prince William was scheduled to awarding race prizes. William attended without his wife.

Kate, 42, announced on Sept. 9 that she had completed treatment six months after revealing she had an undisclosed type of cancer.

The announcement came six weeks after Buckingham Palace said King Charles III was also being treated for cancer, stretching the ability of the royal family to keep up with its busy schedule of public appearances. Charles has also returned to public duties.

Pakistan has had no new military cooperation with Iran since Israeli strikes began, defense minister Asif tells Arab News

Pakistan’s Defense Minister Khawaja Asif speaks with Arab News Pakistan in Islamabad, Pakistan, on June 17, 2025. (AN photo)
Pakistan’s Defense Minister Khawaja Asif speaks with Arab News Pakistan in Islamabad, Pakistan, on June 17, 2025. (AN photo)
Updated 29 min 29 sec ago

Pakistan has had no new military cooperation with Iran since Israeli strikes began, defense minister Asif tells Arab News

Pakistan’s Defense Minister Khawaja Asif speaks with Arab News Pakistan in Islamabad, Pakistan, on June 17, 2025. (AN photo)
  • Khawaja Asif says Pakistan is mobilizing China and Muslim countries to press for calm before Israel-Iran conflict engulfs entire region
  • Says Pakistan Army on high alert and nuclear security robust, warns Israeli government “will think many times before taking on Pakistan”

ISLAMABAD: Pakistan’s Defense Minister Khawaja Asif said on Monday that Islamabad had not engaged in any new military cooperation with Tehran since Israel launched attacks on Iran last week and had not held specific talks with the US over the escalating crisis in the Middle East.

Iran, which borders Pakistan, has hit back with strikes against Israel after it unleashed waves of attacks on Friday at Iranian nuclear installations, missile stockpiles, scientists and military commanders, among other targets, sparking global alarm that the conflict could erupt into a regional war.

The latest escalation follows months of hostilities between Israel and Iranian-backed groups in Lebanon, Syria and Yemen, which intensified after the war in Gaza was launched late in 2023.

Regional powers fear a direct confrontation could spiral into a broader conflict involving major oil shipping lanes and global energy supplies.

For Pakistan, a close Iranian neighbor and a longtime opponent of Israel, a prolonged conflict risks disrupting border security, inflaming sectarian tensions at home and possibly putting it in a tight spot with Arab allies and the West.

Pakistan’s Air Force fighter JF-17 fighter jets fly past during the multinational naval exercise AMAN-25 in the Arabian Sea near Karachi on February 10, 2025. (AFP)

Speaking to Arab News, Asif said regular security cooperation was continuing with Iran along their shared border to combat militant groups, but no fresh operational coordination had been initiated in response to Israel’s attacks on Iranian territory since June 13.

“I don’t see any need for it,” the defense minister said in response to a question on whether Pakistan’s military was coordinating with its Iranian counterparts on the border or engaging in any fresh defense cooperation.

“We coordinate on a very regular basis as far as the Iran and Pakistan border is concerned because of terrorist activities … that sort of cooperation is already on. So I don’t see any new activity.”

Asked if Pakistan had held talks with Washington to discuss the fast-evolving situation, the minister said there had been no contact specifically on the crisis in the past five days.

“But we are in constant touch with the United States of America regarding the tense situation we have in this region.”

Smoke rises following what Iran says was an Israeli attack on Sharan Oil depot in Tehran, Iran, June 16, 2025. (Reuters)

Asif said Pakistan’s leadership was instead focused on engagement with close partners like China and Muslim countries to press for calm, warning that the conflict risked engulfing the entire region.

“The countries who have religious affinity with us or geographical affinity, even China or other countries, because what we are pursuing is peace,” he said.

“And we would like to mobilize the countries of this region. This conflict can multiply and it can engulf the whole region into a situation which could be very, very disastrous.”

Diplomatic and security experts warn that the Israel-Iran hostilities could affect Pakistan by destabilizing its western border with Iran, threatening energy imports as oil prices surge and creating new pressures on Pakistan’s relations with the US and Gulf partners if Islamabad is seen as tilting too far toward Tehran.

On the other hand, if Tehran were to fall or be severely weakened, analysts say Pakistan would likely side with the US and its allies — despite being Iran’s immediate neighbor — to protect its strategic and economic interests.

Pakistani security personnel stand guard as pilgrims who evacuated from Iran walk at the Pakistan-Iran border in Taftan on June 16, 2025. (AFP)

Addressing concerns over past remarks by Israeli Prime Minister Benjamin Netanyahu that have drawn parallels between Iran and Pakistan as so-called militant Islamic regimes that needed to be deterred, Asif rejected any immediate threat to Pakistan from Tel Aviv, but stressed Islamabad would remain vigilant.

“If we are threatened by Israel, which I will discount at the moment … what happens in the coming months or years I can’t predict, but at the moment I discount (a threat from Israel),” he said.

He described Israel as a state with “hegemonic intent” whose recent actions in Gaza and against Iran were “extremely dangerous to the immediate region,” and said global public opinion was turning against Israeli policies despite support or muted reactions from many Western governments.

Asif declined to comment on reports that Pakistan had scrambled fighter jets near its nuclear sites and the Iranian border in response to Israel’s initial strikes on Iran but insisted that its nuclear security remained robust.

In addition to the Middle East tensions, Pakistan faced a major military standoff with India last month in which the two sides exchanged missile, drone and artillery attacks.

Iranian cargo trucks cross into the Pakistan-Iran border at Taftan, Balochistan province on June 18, 2025, amid the ongoing conflict between Israel and Iran. (AFP)

Islamabad claimed to have shot down six Indian jets and struck back at military positions, triggering fears of a wider conflict between the nuclear-armed rivals before a ceasefire was announced by the Trump administration on May 10.

When questioned about any direct threat to Pakistan’s national security or strategic assets as a result of the conflict in the Middle East, Asif said Pakistan’s armed forces were already on high alert following the latest confrontation with New Delhi, describing the country’s nuclear facilities as “very militantly guarded, very grudgingly guarded” and fully compliant with international safeguards.

“Since our short war with India, we have been on alert so we have not lowered guards … We can never take the risk of any attack on our nuclear facility from anywhere, that is something which is a lifeline as far as our defense is concerned,” he said.

A general view shows the destruction at the site of an overnight Iranian missile strike in Bat Yam on June 15, 2025. (AFP)

Asif said Pakistan’s performance in the recent fight with India was evidence of his country’s defense capability and national resolve, which would deter Israel from any adventurism.

“We have just had a bout with India and we clearly established our superiority, the superiority of our armed forces, air force, Pakistan army, Pakistan navy and the determination of our people, the way the nation stood behind the armed forces,” he said.

“So I think Netanyahu or his people or his government will think many times before taking on Pakistan.”


‘Nobody knows’: Trump won’t say whether he will move forward with US strikes on Iran

‘Nobody knows’: Trump won’t say whether he will move forward with US strikes on Iran
Updated 10 min 57 sec ago

‘Nobody knows’: Trump won’t say whether he will move forward with US strikes on Iran

‘Nobody knows’: Trump won’t say whether he will move forward with US strikes on Iran
  • Trump said: “I mean, nobody knows what I’m going to do”
  • Trump added that it’s not “too late” for Iran to give up its nuclear program

WASHINGTON: President Donald Trump would not say Wednesday whether he has decided to order a US strike on Iran, a move that Tehran warned anew would be greeted with stiff retaliation if it happens.

“I may do it, I may not do it,” Trump said in an exchange with reporters at the White House . “I mean, nobody knows what I’m going to do.”

Trump added that it’s not “too late” for Iran to give up its nuclear program as he continues to weigh direct US involvement in Israel’s military operations aimed at crushing Tehran’s nuclear program.

“Nothing’s too late,” Trump said. “I can tell you this. Iran’s got a lot of trouble.”

“Nothing is finished until it is finished,” Trump added. But “the next week is going to be very big— maybe less than a week.”

Trump also offered a terse response to Iran Supreme Leader Ayatollah Ali Khamenei’s refusal to heed to his call for Iran to submit to an unconditional surrender.

“I say good luck,” Trump said.

Khamenei earlier Wednesday warned that any United States strikes targeting the Islamic Republic will “result in irreparable damage for them” and that his country would not bow to Trump’s call for surrender.

Trump said Tuesday the US knows where Iran’s Khamenei is hiding as the the Israel-Iran conflict escalates but doesn’t want him killed — “for now.”

“He is an easy target, but is safe there — We are not going to take him out (kill!), at least not for now,” Trump said.

Trump’s increasingly muscular comments toward the Iranian government come after he urged Tehran’s 9.5 million residents to flee for their lives as he cut short his participation in an international summit earlier this week to return to Washington for urgent talks with his national security team.

Trump said that the Iranian officials continue to reach out to the White House as they’re “getting the hell beaten out of them” by Israel. But he added there’s a “big difference between now and a week ago” in Tehran’s negotiating position.

“They’ve suggested that they come to the White House— that’s, you know, courageous,” Trump said.
Iran’s mission to the United Nations refuted Trump’s claim in a statement on social media. “No Iranian official has ever asked to grovel at the gates of the White House. The only thing more despicable than his lies is his cowardly threat to ‘take out’ Iran’s Supreme Leader. ”

The US president said earlier this week Russian President Vladimir Putin offered to serve a mediator with. But Trump said he told Putin to keep focused on finding an endgame to his own conflict with Ukraine.

“I said, ‘Do me a favor, mediate your own,’” Trump said he told Putin. “I said, ‘Vladimir, let’s mediate Russia first. You can worry about this later.’”

The Russia-Iran relationship has deepened since Putin launched a war on Ukraine in February 2022, with Tehran providing Moscow with drones, ballistic missiles, and other support, according to US intelligence findings.


German minister to Iran: never too late to negotiate

German minister to Iran: never too late to negotiate
Updated 18 June 2025

German minister to Iran: never too late to negotiate

German minister to Iran: never too late to negotiate
  • “It is never too late to come to the negotiating table if one comes with sincere intentions,” Johann Wadephul said
  • Wadephul said Israel’s fear that Iran would develop nuclear weapons was justified

BERLIN: Germany’s foreign minister appealed to Iran’s leaders to make credible assurances that it is not seeking a nuclear weapon and to show it is willing to find a negotiated solution as fears mount of further military escalation between Iran and Israel.

“We are still ready to negotiate a solution. However, Iran must act urgently ... it is never too late to come to the negotiating table if one comes with sincere intentions,” Johann Wadephul said at a news conference with his Jordanian counterpart on Wednesday.

Wadephul said Israel’s fear that Iran would develop nuclear weapons was justified and it had a right to self-defense.

“The Israeli decision to do something against this threat is comprehensible,” he said, adding civilian deaths on both sides were regrettable after air attacks between Iran and Israel.

His ministry was arranging special flights later on Wednesday and on Thursday to each repatriate about 180 German citizens via Amman, he said.

Wadephul also said Germany had agreed to create an economic council with Syria to improve cooperation and boost prosperity and stability there.


Hegseth says the Pentagon has given Trump possible options for Israel-Iran conflict

Hegseth says the Pentagon has given Trump possible options for Israel-Iran conflict
Updated 18 June 2025

Hegseth says the Pentagon has given Trump possible options for Israel-Iran conflict

Hegseth says the Pentagon has given Trump possible options for Israel-Iran conflict
  • Defense Secretary Pete Hegseth said ‘maximum force protection’ was being provided for US troops in the Middle East
  • He said that it is Trump’s decision whether to provide Israel a ‘bunker buster’ bomb to strike at the core of Iran’s nuclear program

WASHINGTON: Defense Secretary Pete Hegseth told lawmakers Wednesday that the Pentagon was providing possible options to President Donald Trump as he decides next steps on Iran but would not say whether the military was planning to assist with Israeli strikes, an action that could risk dragging America into a wider war in the Middle East.
Hegseth was on Capitol Hill for the last of his series of often combative hearings before lawmakers, who have pressed him on everything from a ban on transgender troops to his use of a Signal chat to share sensitive military plans earlier this year.
In questioning before the Senate Armed Services Committee, Hegseth said “maximum force protection” was being provided for US troops in the Middle East and that it is Trump’s decision whether to provide Israel a ”bunker buster” bomb to strike at the core of Iran’s nuclear program, which would require US pilots flying a B-2 stealth bomber. He would not indicate what the US may do next.
“My job — our job, the chairman and I — at all times is to make sure the president has options and is informed of what those options might be and what the ramifications of those options might be,” Hegseth said, referring to Gen. Dan Caine, chairman of the Joint Chiefs of Staff who was testifying alongside him.
The US has shifted significant numbers of refueling tanker and fighter aircraft to position them to be able to respond to the escalating conflict, such as supporting possible evacuations, or airstrikes. Hegseth said this week that was done to protect US personnel and air bases.
Hegseth, who is appearing before the Senate Armed Services Committee on Wednesday, has spent vast amounts of time during his first months in office promoting the social changes he’s making at the Pentagon. He’s been far less visible in the administration’s more critical international security crises and negotiations involving Russia, Ukraine, Israel, Gaza and Iran.