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Elon Musk will pull OpenAI bid if ChatGPT maker remains non-profit, lawyers say
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A consortium led by Elon Musk will withdraw its $97.4 billion bid for OpenAI’s non-profit arm if the ChatGPT maker drops plans to become a for-profit entity, the billionaire’s lawyers said in a court filing on Wednesday.
Musk has been trying to block the startup he co-founded and later left from becoming a for-profit firm, a move crucial for OpenAI to secure more capital and stay ahead in the AI race.
“If (the) OpenAI board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion,…
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