Elon Musk says he’ll drop his $97bn bid for OpenAI if it remains a non-profit

Elon Musk says he’ll drop his $97bn bid for OpenAI if it remains a non-profit
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Elon Musk says he’ll drop his $97bn bid for OpenAI if it remains a non-profit
Author: Associated Press
Published: Feb, 13 2025 21:06

Summary at a Glance

“If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” lawyers for the billionaire said in a filing to a California court on Wednesday.

Musk and Altman helped start OpenAI in 2015 and later competed over who should lead it before Musk resigned from the board in 2018.

Musk again criticized Altman’s management on Thursday during a videocall to the World Governments Summit in Dubai, United Arab Emirates, describing it as akin to a nonprofit aimed at saving the Amazon rainforest becoming a “lumber company that chops down the trees”.

OpenAI’s CEO, Sam Altman, quickly rejected the unsolicited bid in a post on social media and told questioners at a Paris summit on AI that the company is not for sale.

Musk and a group of investors made their offer earlier this week, in the latest twist to a dispute with the artificial intelligence company that he helped found a decade ago.

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