Musk lawyers say he'll drop bid for OpenAI if it gives up for-profit plan
SUMMARY
Elon Musk has offered to drop his $97.4 billion bid to acquire OpenAI’s assets if the company abandons its plan to spin out its for-profit subsidiary, according to a new court filing. This move is the latest twist in Musk’s legal battle with OpenAI CEO Sam Altman, a conflict rooted in their differing visions for the company. Musk, a co-founder of OpenAI, wants the organization to return to its nonprofit mission, while Altman argues that massive investment—primarily from Microsoft—is necessary for OpenAI to advance artificial intelligence for global benefit. Observers see Musk’s bid as a strategy to drive up the value of OpenAI’s assets, making it harder for Altman to execute his spin-off plan. Musk, who now runs AI competitor xAI, appears more focused on blocking OpenAI’s for-profit shift than on taking control.
