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.
