At the start of the week, Elon Musk led a group of investors in a $97.4 billion bid to acquire the nonprofit that controls OpenAI, the creator of ChatGPT. However, Musk's attorney now says the billionaire will withdraw the offer if OpenAI halts its transition from a nonprofit to a for-profit entity. "If OpenAI, Inc.'s Board is prepared to preserve the charity's mission and stipulate to take them for sale' sign off its assets by halting its conversion, Musk will withdraw the bid," Musk's lawyers wrote in a court filing...

In a court filing on Wednesday, a lawyer for Elon Musk said the billionaire will withdraw his $97.4 billion bid for OpenAI’s nonprofit if the ChatGPT maker’s board of directors “preserve the charity’s mission” and halt its conversion to a for-profit corporation. The filing, submitted to the U.S. District Court for the Northern District of California, claims that Musk’s offer to buy OpenAI’s nonprofit is “serious,” and that the nonprofit “must be compensated by what an arms-length buyer will pay for its assets.” “Should […] the charity’s assets proceed to...

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OpenAI is not for sale — and particularly not to Elon Musk, CEO Sam Altman told Axios on the sidelines of the AI Action Summit in Paris. Why it matters: Altman's comments come one day after his increasingly heated rival Musk made a shock $97.4 billion offer for OpenAI's assets, potentially changing the narrative around the technology's future. • "There's been like versions of Elon trying to somehow take control of OpenAI for a long time, so, it's like, okay, here's this week's episode," Altman told Axios. • "OpenAI is...

A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found. Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, according to Musk's attorney Marc Toberoff. OpenAI CEO Sam Altman quickly rejected the deal on Musk's social platform X, saying, "no thank you but we will buy...

An Elon Musk-led group of investors Monday signaled its intent to wrest control of ChatGPT-maker Open AI. The consortium made an unsolicited offer of $97.4 billion to buy the nonprofit company and possibly merge it with Musk’s AI company xAI who are backing the bid. “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk’s attorney Marc Toberoff told the Wall Street Journal on Monday. “We will make sure that happens.” Musk has routinely butted heads with OpenAI CEO Sam Altman after Musk...

A team of investors led by Elon Musk submitted a $97.6 billion bid to purchase OpenAI on Monday. The news comes by way of Musk’s lawyer, Marc Toberoff, who confirmed the news with The Wall Street Journal. The unsolicited bid is the latest escalation by Musk in his war with co-founder Sam Altman, as Altman looks to take the ChatGPT-maker private. Musk is already embroiled in a legal dispute with OpenAI, filing a 2024 injunction against its bid to transition away from nonprofit status. The Musk-led team is positioning the...