- Elon Musk proposed withdrawing his $97.4 billion bid if OpenAI halted its transition to a for-profit model.
- OpenAI CEO Sam Altman rejected the offer, calling the company’s non-profit structure “not for sale.”
- The dispute underscores Musk’s broader concerns about OpenAI’s shift toward commercialization.
Tech billionaire Elon Musk proposed a $97.4 billion bid to acquire OpenAI’s non-profit arm, but only under the condition that the AI firm agreed to maintain its non-profit model. This move was swiftly countered with unexpected wit and strategy by OpenAI CEO Sam Altman.
According to a court filing on Wednesday, Musk stated that if OpenAI’s board preserved the company’s original charitable mission and removed the “for sale” sign, he would withdraw his offer.
Musk proposed that if instead, OpenAI persisted in its for-profit transition, the non-profit should receive market value compensation.
A $9.74 Billion Twitter “Counter”
However, with a pointed jab at Musk, OpenAI CEO Sam Altman dismissed Musk’s bid and fired back with a counter-offer of his own.
The company also reiterated that Musk’s proposal directly opposed his existing law…
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