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.
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 says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
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It also marks a major headache for OpenAI’s restructuring plans, which were already seen as complicated due to a bizarre corporate structure in which a nonprofit board oversees the company.
Elon Musk says he’ll withdraw $97.4B OpenAI bid if Sam Altman abandons for-profit plans
New York Post·1M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.Altman argues the letter is relevant to that battle.
Sam Altman pulls Elon Musk's OpenAI takeover bid into court
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The latest filing reinforces the view that Musk is less interested in becoming OpenAI's owner than in foiling Altman's plan.
Musk lawyers say he'll drop bid for OpenAI if it gives up for-profit plan
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Musk, along with his artificial intelligence company xAI and a consortium of investors, launched a bid to acquire OpenAI's nonprofit arm for $97.4 billion, accusing the firm and its CEO Sam Altman of abandoning its original mission to develop AI for good and of pursuing profits instead.
Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say
CNBC·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Musk and his own AI startup, xAI, and a consortium of investment firms want to acquire OpenAI so they can revert it back to its original charitable mission as a nonprofit research lab.
Musk says he'll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
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Musk was a co-founder of OpenAI but cut ties with the company in 2018 after he was unable to persuade its other leaders to put him in charge of a for-profit OpenAI entity or merge the company with Tesla.
Elon Musk says he'll drop $97B OpenAI purchase offer if ChatGPT maker stays a nonprofit
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Summary
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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