Published 10 days ago • loading... • Updated 8 days ago

Elon Musk will withdraw his nearly $100 billion bid for OpenAI if it remains a nonprofit, lawyers say

Elon Musk will withdraw his $97.4 billion bid for OpenAI if the company halts its conversion to a for-profit entity, according to court filings by Musk's lawyers.
OpenAI's CEO Sam Altman rejected Musk's bid, stating the company is 'not for sale,' and expressed skepticism about Musk's motives for the legal challenges.
Musk claims he faces 'irreparable harm' from OpenAI's restructuring plans, but the overseeing judge called his claims a 'stretch.'
OpenAI has emphasized its nonprofit status will continue but clarified it will not control the organization in its new structure.

Insights by Ground AI

Does this summary seem wrong?

90 Articles

All

Left

Center

Right

Liberation

Buying OpenAI: Why does Elon Musk want to prevent the company from becoming for profit at all costs?

In court documents, lawyers of the richest man in the world assure that he will abandon his buy-back proposal to almost 100 billion dollars if OpenAI renounces changing status. But... why?

8 days ago·Paris, France

Editorial: Musk bid for OpenAI exposes hypocrisy of business model

OpenAI masquerades as a nonprofit despite being founded on the theft of hard work by artists, academics and journalists

8 days ago·San Jose, United States

Read Full Article

Vox

Why Elon Musk offered to buy the OpenAI nonprofit

Elon Musk in the Oval Office of the White House on February 11, 2025. | Aaron Schwartz/CNP/Bloomberg via Getty Images It’s been a busy week for Elon Musk. He says he’s saving taxpayers billions of dollars (though outlays from the Treasury Department are public and make it pretty clear he hasn’t); he bragged that he fed USAID “into the woodchipper,” an aide on his Department of Government Efficiency was revealed to have said this summer to “norma…

8 days ago·United States

Read Full Article