Elon Musk, one of the most influential figures in the tech industry, has once again made headlines with a bold move — offering to buy OpenAI’s nonprofit arm for $97.4 billion. The proposal has sparked ...

For most startups, a buyout offer nearing $100bn is something to be celebrated. But OpenAI is not like other startups—and Elon Musk is not like other acquirers.

Fundraising in the private-markets business can be tough. Wining and dining big investors for each new vehicle creates an endless treadmill. Worse, the typical closed-end fund structure ignores ...