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Elon Musk Threatens to Withdraw $97.4 Billion Bid for OpenAI Amid Ongoing Legal Battle

Elon Musk will withdraw his bid for OpenAI if it continues plans to become a for-profit company, intensifying the legal dispute with CEO Sam Altman.

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Elon Musk has stated he will withdraw his $97.4 billion bid to acquire OpenAI's nonprofit arm if the company proceeds with its plan to spin out its for-profit division. This announcement is part of a broader legal battle with OpenAI CEO Sam Altman, who has rejected Musk's unsolicited offer, asserting that OpenAI is not for sale. Musk argues that OpenAI strayed from its nonprofit mission since its founding in 2015. The conflict intensifies as Altman seeks to demonstrate that Musk's bid contradicts legal claims he has made in court.

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Sam Altman pulls Elon Musk's OpenAI takeover bid into court
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