Musk says it will withdraw Openai’s $97.4 billion bid if ChatGpt makers remain nonprofits

Elon Musk says that if ChatGpt makers remove plans to convert into for-profit companies, they will waive a $97.4 billion offer to buy the nonprofit behind Openai.

“If the board of directors of Openai, Inc. is prepared to maintain its charity mission and stipulate that “sales” be registered by halting conversions, Musk will withdraw the bid,” he said. The millionaire’s lawyer was in California court on Wednesday.

“If not, the charity must be compensated by what the length of the weapon buyer pays for the asset.”

Musk and Investor Group I made their offer Earlier this week, with his latest twist on a controversy with an artificial intelligence company he found 10 years ago.

Openai is managed by a non-profit committee bound by its original mission to safely build AI better than humans in the public interest. It is currently a rapidly growing business, and last year announced plans to officially change its corporate structure.

Musk and his own consortium of AI startups, Xai and investment companies want to get Openai, so they can turn it back Its original charity mission As a non-profit laboratory.

Openai CEO Sam Altman immediately rejected unsolicited bids in a social media post, I told the questioner in Paris Summit About AI that the company is like Not for sale.

Musk and Altman helped launch Openai in 2015, and later competed over who should lead it. They are Long-term feud Since Musk resigned from the board in 2018, it has surpassed the startup’s direction.