OpenAI, a prominent artificial intelligence company, has publicly disputed Elon Musk’s attempt to purchase its assets.
This highlights a contradiction in Musk’s lawsuit, which argues that the ChatGPT creator’s assets should not be used for private gain. With a group of investors, Musk has offered a staggering $97.4 billion to acquire OpenAI’s nonprofit assets, intensifying his ongoing confrontation with the AI firm.
In a bid to block OpenAI from transitioning to a for-profit firm, a consortium led by Elon Musk offered $97.4 billion to buy the nonprofit that controls the AI startup https://t.co/uFZAL4YSDZ pic.twitter.com/adac7mPn7x
— Reuters Business (@ReutersBiz) February 11, 2025In an August lawsuit, Musk targeted OpenAI CEO Sam Altman and others, seeking to prevent the company from transitioning to a for-profit model. In a letter to a federal court, OpenAI accused Musk of undermining a competitor through an “improper bid,” stating that his legal actions and attempt to buy the company were contradictory.
Elon Musk says he’ll withdraw $97.4B OpenAI bid if Sam Altman abandons for-profit plans https://t.co/rH2nNcIkTE pic.twitter.com/yORXylehQK
— New York Post (@nypost) February 13, 2025Musk’s filings insist that OpenAI’s assets should remain under a charitable trust and not be used for private gain, which contrasts with his bid involving private investors.
Read: Open AI CEO Sam Altman Refutes Sister’s Abuse Allegations
Musk, who co-founded OpenAI with Altman in 2015 and later departed to start his own AI venture, xAI, in 2023, did not immediately respond to requests for comment. OpenAI argues that becoming a for-profit entity is essential to attracting capital for advancing AI technology.
