Source: CNBC
“Elon Musk will withdraw his $97.4 billion bid for OpenAI’s nonprofit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing. … On Monday, Musk, along with his artificial intelligence company xAI and a consortium of investors, launched a bid to acquire OpenAI’s nonprofit arm for $97.4 billion, accusing the firm and its CEO Sam Altman of abandoning its original mission to develop AI for good and of pursuing profits instead. Altman has rebuffed the offer, telling CNBC that the move is just an effort by Musk to ‘slow down a competitor.'” (02/13/25)