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- Elon’s $97.4B unsolicited bid for control of OpenAI rejected by Sam Altman
Elon’s $97.4B unsolicited bid for control of OpenAI rejected by Sam Altman

Top stories today:
- Elon’s $97.4B unsolicited bid for OpenAI rejected by Sam Altman
- New iPhone SE likely to debut today
- OpenAI said to finalize first custom chip design in next few months
- Anthropic reveals how people use Claude
- Trump sets 25% tariffs on steel, aluminum
0. Data and calendar

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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Elon’s $97.4B unsolicited bid for control of OpenAI rejected by Sam Altman
- Baron Capital Group, Valor, Atreides, Vy Capital, Joe Lonsdale’s 8VC, and Endeavor CEO Ari Emanuel-led investment vehicle are part of the consortium. 
- “It’s time for OpenAI to return to the open-source, safety-focused force,” Musk’s lawyer Marc Toberoff said. 
- “OpenAI is not for sale. The OpenAI mission is not for sale,” said Altman. 
- Musk’s group has vowed to match higher bids, suggesting OpenAI may consider other offers. 
- OpenAI’s nonprofit board will need to explain why they’d accept a <$97.4B offer. 
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3. New iPhone SE likely to debut today

- iPhone 14-like design rumored. 
- $500 price expected. 
- Face ID and an A18 chip with Apple Intelligence support speculated. 
- PowerBeats Pro 2 earbuds may come alongside the new iPhone. 
4. OpenAI said to finalize first custom chip design in next few months




