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

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?

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

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…

Elon Musk leads a group of investors that offers 97.4 billion dollars for the non-profit organization that controls OpenAI, in a new front of his war with ChatGPT creator, reported on Monday the Wall Street Journal. Musk’s lawyer, Marc Toberoff, said that he presented the offer to the OpenAI board of directors, according to the US economic newspaper. “No, thank you, but we will buy Twitter for 9,740 million, if you want,” published OpenAI chief …

But only on the condition that OpenAI promises to remain a nonprofit.

Elon Musk to withdraw bid for OpenAI if its board halts for-profit conversion

Elon Musk to withdraw bid for OpenAI if its board halts for-profit conversion