By Shivani Tanna, Aditya Soni and Krystal Hu
February 13, 2025 – 8:19 AM PST
Advertisement
(Reuters) – A consortium led by Elon Musk will withdraw its $97.4-billion bid for OpenAI’s non-profit arm if the ChatGPT maker drops plans to become a for-profit entity, the billionaire’s lawyers said in a court filing on Wednesday.
Musk has been trying to block the startup he co-founded and later left from becoming a for-profit firm, a move OpenAI argues is crucial for it to secure more capital and compete in the AI race.
“If (the) OpenAI 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,” the filing in…
