Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say
Publishing timestamp: 2025-02-13 12:00:20
Summary
Elon Musk and a consortium of investors made a $97.4 billion bid to acquire OpenAI's nonprofit arm, but CEO Sam Altman rejected the offer. Musk will withdraw the bid if OpenAI stops its conversion into a for-profit entity. Musk has expressed concerns about OpenAI's move towards becoming a for-profit company and believes it is going against its original mission. Altman has defended the decision to move to a capped-profit structure, citing lack of funding from Musk as a reason.
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