NewsBite

Musk will pull OpenAI bid if it remains a non-profit, lawyers say

A consortium led by Elon Musk will withdraw its $US97.4 billion ($155 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.

Mr Musk has been trying to block the start-up he co-founded and later left from becoming a for-profit firm – a move crucial for OpenAI to secure more capital and stay ahead in the AI race.

Loading...

Reuters

Read More

Latest In Technology

Fetching latest articles

Most Viewed In Technology

    Original URL: https://www.afr.com/technology/musk-will-pull-openai-bid-if-it-remains-a-non-profit-lawyers-say-20250214-p5lc1i