Elon Musk has announced that he will withdraw his $97.4 billion bid for OpenAI’s nonprofit arm if the organization does not proceed with its plans to convert into a for-profit entity, as stated by his lawyers in a court filing. Musk argues that if OpenAI remains a nonprofit, it should not be sold, but if it transitions to a for-profit model, it must be fairly compensated. OpenAI, co-founded by Musk and Sam Altman in 2015, is undergoing internal changes, with Altman pushing for restructuring. OpenAI has responded, stating that Musk’s bid contradicts his lawsuit against the company.
Elon Musk Threatens to Withdraw $97.4 Billion Bid for OpenAI’s Nonprofit Arm
