Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” lawyers for the billionaire said in a filing to a California court on Wednesday. Musk and his own AI startup, xAI, and a consortium of investment firms want to acquire the nonprofit’s controlling stake in the for-profit OpenAI subsidiary. Musk again criticized Altman’s management on Thursday during a videocall to the World Governments Summit in Dubai, United Arab Emirates, describing it as akin to a nonprofit aimed at saving the Amazon rainforest becoming a “lumber company that chops down the trees.” Altman has repeatedly countered that Musk’s legal challenges to OpenAI are motivated by his role as a competitor.
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