Elon Musk AI News & Updates

Musk Offers Conditional Withdrawal of $97.4B OpenAI Nonprofit Bid

Elon Musk has offered to withdraw his $97.4 billion bid to acquire OpenAI's nonprofit if the board agrees to preserve its charitable mission and halt conversion to a for-profit structure. The offer comes amid Musk's ongoing lawsuit against OpenAI and CEO Sam Altman, with OpenAI's attorneys characterizing Musk's bid as an improper attempt to undermine a competitor.

Musk's $97.4 Billion Bid for OpenAI Nonprofit Complicates Corporate Restructuring

Elon Musk has made an unsolicited $97.4 billion bid to acquire OpenAI's nonprofit arm, which currently controls the for-profit entity developing ChatGPT. The bid, quickly dismissed by OpenAI CEO Sam Altman, complicates OpenAI's ongoing restructuring into a traditional for-profit company and may force the board to demonstrate they aren't underselling the nonprofit's assets to insiders.

Altman Dismisses Musk's OpenAI Bid as Competitive Tactic

OpenAI CEO Sam Altman dismissed Elon Musk's $97.4 billion bid for OpenAI's nonprofit arm as an attempt to slow down the company. At the AI Action Summit in Paris, Altman characterized Musk as an insecure competitor who has raised significant funding for his own AI company xAI to compete with OpenAI.

Elon Musk Leads $97.4 Billion Bid to Purchase OpenAI, Promising Return to Open Source Roots

Elon Musk, along with investors including his AI company xAI, has submitted an unsolicited $97.4 billion bid to purchase OpenAI. Musk, who co-founded OpenAI in 2015 and is currently in legal disputes with the company, claims the acquisition would return OpenAI to its original mission as an open-source, safety-focused organization, contrasting this with his approach at xAI where he claims to have made the Grok model open source.