News Summary

Elon Musk has offered a $97.4 billion bid to acquire OpenAI, contingent upon the organization remaining a non-profit. Musk, along with a consortium of investors, expressed intentions to withdraw the bid if OpenAI proceeds with its plans to convert into a for-profit entity. This development marks the latest chapter in the ongoing dispute between Musk and OpenAI, a company he co-founded in 2015. OpenAI’s current CEO, Sam Altman, has rejected Musk’s bid, emphasizing the company’s commitment to its mission of developing safe AI for public benefit. Despite Musk’s legal team filing to prevent OpenAI’s conversion to a for-profit model, the court has yet to rule on the matter.