Elon Musk was one of the founding members of OpenAI, but made a sour exit before ChatGPT became a thing. The billionaire claims he wasn’t happy with the non-profit’s pivot to a profit-chasing business model. A few days ago, Musk submitted a bid to buy OpenAI’s non-profit arm for $97.4 billion, but now says he will pull the offer if the AI giant abandons its for-profit ambitions.
“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,” says a court filing submitted by the billionaire’s lawyer, as per Reuters.
Musk’s bid was surprising, though not entirely unexpected. Musk is currently entangled in a legal tussle with OpenAI, challenging the company’s shift to a for-profit structure. OpenAI is aiming to spin its AI stack into a business entity, while the non-profit arm will retain a small stake in the business division.
Swindler
— Elon Musk (@elonmusk) February 10, 2025
When news of the acquisition offer broke, OpenAI chief, Sam Altman, responded that they would instead like to buy X at one-tenth the value of Musk’s bid. In subsequent press interactions, Altman made it clear that the company was not up for sale, adding that it was just another tactic to mess with the company.
Interestingly, Reuters reported a few days ago that OpenAI hasn’t formally received Musk’s $97.4 billion bid to acquire its non-profit arm. Altman labeled the attempt as “ridiculous” and reportedly told OpenAI employees that the company would reject the offer.
But it seems this wasn’t Musk’s first attempt at a takeover. In a couple of lengthy official statements published recently, OpenAI claimed Musk wanted to eventually merge the AI upstart with Tesla and foresaw a for-profit model, too. Altman also told Axios two days ago that Musk has been vying to take control of OpenAI for a long time.
YUCK
— Sam Altman (@sama) February 11, 2025
“OpenAI is not for sale. OpenAI’s mission is not for sale – to say nothing of the fact that, like, a competitor who is not able to beat us in the market and you know, instead is just trying to say, like, ‘I’m gonna buy this” with total disregard for the mission is a likely path there,” Altman told the outlet.
Musk owns his own AI company called xAI and already has a ChatGPT rival called Grok out in the market. Speaking virtually at the World Governments Summit in Dubai, Musk revealed that the latest version of xAI’s chatbot, Grok-3, is in the late stages of development with improved reasoning capabilities.
OpenAI has already teased its next-gen GPT-5 plans and says it will simplify the AI model strategy in the near future. The company is also working on in-house AI chips and the ambitious “Stargate” project worth $500 billion to boost AI development and help maintain US supremacy in the AI race.
Android devices have offered a built-in screen reader feature called TalkBack for years. It helps people with vision problems to make sense of what ap
The next leg of the AI race is on, and has expanded beyond the usual players, such as OpenAI, Google, Meta, and Microsoft. In addition to the dominanc
If you’ve been dreaming about having a more in-depth conversation with one of your favorite gaming characters, it seems that Sony is working on making
OpenAI is inconsistent in a lot of things — is it a non-profit or a for-profit? Is Sam Altman fit to be CEO or not? But one thing the company has alwa
Apple’s progress with bringing AI to its hardware hasn’t exactly hit the same notes as the progress it has made with computing and wearable endeavors.
Alibaba has just unveiled its latest reasoning model, and it seems that DeepSeek and OpenAI might have something to worry about — at least if all of A
You no longer need to sign in to use ChatGPT Search.“ChatGPT search is now available to everyone on chatgpt.com,” OpenAI said in a post on X announcin
Andrew Martonik / Digital TrendsFollowing Monday’s news that an Elon Musk and xAI-backed group offered OpenAI’s board $97.4 billion for control over t
We are a comprehensive and trusted information platform dedicated to delivering high-quality content across a wide range of topics, including society, technology, business, health, culture, and entertainment.
From breaking news to in-depth reports, we adhere to the principles of accuracy and diverse perspectives, helping readers find clarity and reliability in today’s fast-paced information landscape.
Our goal is to be a dependable source of knowledge for every reader—making information not only accessible but truly trustworthy. Looking ahead, we will continue to enhance our content and services, connecting the world and delivering value.
