Source: Cointelegraph Original: "{title}"
According to reports, large language model development company OpenAI is developing a new social media network that will put the company in direct competition with Elon Musk's X platform and Mark Zuckerberg's Meta platform.
The Verge reported on April 15, citing anonymous sources, that OpenAI is developing a social network similar to "X," combining ChatGPT's image generation capabilities with a social information feed, expected to allow users to share their generated AI images with a broader audience.
Sources indicated that it is unclear whether OpenAI will launch a completely new social media platform or integrate these features into ChatGPT.
With the tremendous success of the ChatGPT model, OpenAI has become one of the most powerful tech companies in the world. Leveraging its first-mover advantage in the AI field, it raised $40 billion through a funding deal led by SoftBank Group, with a valuation of $300 billion.
As of February 2025, ChatGPT's weekly active users reached 400 million, a significant increase from 50 million users at the beginning of 2023. Source: Demandsage
Transitioning to social media—a natural choice for an AI company that can be used for content creation and building dedicated chatbots—will intensify the competition between Sam Altman and Musk.
Musk and Altman: A Complicated History
The rivalry between the two entrepreneurs stems from OpenAI's commercialization efforts and Altman's alleged abandonment of the company's founding mission as a non-profit organization.
Reports indicate that Musk and a group of investors made a $97.4 billion acquisition offer for OpenAI in February, but the proposal was apparently rejected by Altman, who stated on social media, "Thanks, but no thanks."
However, Altman did express interest in acquiring X for $9.74 billion, which is one-tenth of the proposed OpenAI acquisition amount. This brief response may be genuine or not.
Source: Sam Altman
Musk responded to Altman's post by calling him a "fraud."
Musk acquired X (formerly Twitter) for $44 billion in 2022. The platform remains a hotbed for social media interaction in the cryptocurrency industry.
On March 7, 2025, U.S. President Trump delivered a welcome address for the "First White House Digital Assets Summit" via the X platform, which was held in Washington, D.C.
Source: POTUS
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