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. “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.
Musk says he'll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit
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