Elon Musk plans to withdraw his $97.4 billion offer to purchase OpenAI if the organization continues its transition into a for-profit model. Musk's legal representatives stated that the board must prioritize the charity's mission. In contrast, OpenAI's leadership, including CEO Sam Altman, rejected the bid, asserting the company is not for sale. This conflict is fueled by Musk's contentious history with OpenAI, having resigned from the board in 2018. Musk has publicly criticized Altman, claiming the shift towards commercial interests undermines the nonprofit's purpose.
If OpenAI's Board is prepared to preserve the charity's mission and take the for sale sign off its assets, Musk will withdraw his bid.
OpenAI's CEO, Sam Altman, quickly rejected Musk's unsolicited bid and stated the company is not for sale.
Elon Musk criticized Altman's management, likening it to a nonprofit aimed at saving the rainforest turning into a lumber company.
Musk's group made a nearly $100bn offer for OpenAI amidst ongoing disputes and a long-standing feud with Altman.
Collection
[
|
...
]