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Fortune
Fortune
Alena Botros

Elon Musk says he’ll withdraw his $97 billion bid for control of Sam Altman’s OpenAI— only if Altman agrees to halt the transition to a for-profit enterprise

Elon Musk Sam Altman OpenAI Donald Trump ChatGPT Tesla Inc. Twitter Inc.
(Credit: Andrew Harnik/Getty Images)
  • The richest man in the world and a group of private equity and venture investors made an unsolicited offer for the nonprofit that controls OpenAI, led by Elon Musk’s former friend and business partner Sam Altman. But there are strings attached to the deal; Musk wants Altman to abandon a restructuring plan that would make the ChatGPT developer a for-profit business.

Tesla CEO Elon Musk and some investors made an unsolicited $97.4 billion “cash” bid for the nonprofit that controls OpenAI on Monday. But in a new tit for tat, he claims he’ll withdraw the offer if the ChatGPT maker stops its transition to a for-profit enterprise, according to the Wall Street Journal.

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