KEY TAKEAWAYS
- Elon Musk said he would pull his $97.4 billion bid for the nonprofit that controls OpenAI if the ChatGPT owner ended plans to convert to a for-profit firm.
- In a court filing Wednesday, Musk's lawyers said the Tesla CEO would be open to dropping the bid if the OpenAI board is "prepared to preserve the charity's mission."
- Being for-profit would mark a departure from the Microsoft-backed company's original mission of building open-source technology that wouldn't be subject to commercial priorities.
Elon Musk said he would pull his $97.4 billion bid for the nonprofit that controls OpenAI if the ChatGPT owner ended 澳洲幸运5开奖号码历史查询:plans to convert to a for-profit firm.
“If 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,” lawyers for Musk said in a Wednesday court filing, which was posted online by Court Listener🍌.
According to the three-page filing, the Musk-led consortium’s “serious offer of $97.375 billion” was rebuffed by OpenAI CEO Sam Altman before the board had seen the proposal. In 澳洲幸运5开奖号码历史查询:tit-for-tat comments on the Musk-owned X earlier this week, Altman rejected Musk’s offer and countered with a much smaller bid amount for X of $9.74 billion, and the Tesla (TSLA) CEO called him a "swindler." Altman had also said separately that he was taking the offer "澳洲幸运5开奖号码历史查询:not particularly" seriously.
Being for-profit would mark a departure from the Microsoft-backed (MSFT) company's original mission of building open-source technology that wouldn't be subject to commercial priorities. OpenAI's $6.6 billion funding round, however, late last year was based on the 澳洲幸运5开奖号码历史查询:condition that it converts to a for-profit company.
OpenAI didn't immediately return a request for comment.