“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 his own AI startup, xAI, and a consortium of investment firms want to acquire OpenAI so they can revert it back to its original charitable mission as a nonprofit research lab.
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company.
OpenAI 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.
