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Elon Musk has said he will cancel his attempt to buy OpenAI if the organisation remains a nonprofit. He is leading a group of investors with an offer of nearly $100 billion to purchase OpenAI. In a recent court filing, Musk explained that if OpenAI's Board does not change its current structure, he will withdraw his bid.
Musk believes that OpenAI should stick to its original charity mission. He warned that if the board is not ready to keep that mission, then the charity must be sold at a price set by an independent buyer. This would mean that the organisation could not be bought for private gain.
OpenAI, which is famous for creating ChatGPT, is run by a nonprofit that controls a for-profit company. Musk has long been at odds with OpenAI’s current leadership. He even sued the company in 2024 for not following its founding rules.
Sam Altman, the CEO of OpenAI, has criticised Musk’s bid and said it is not in the best interest of the organisation’s mission. Altman thinks that Musk might be trying to slow down OpenAI's progress.
This bid is part of a bigger fight over the future of artificial intelligence. OpenAI has plans to change its structure to gain more financial freedom, but Musk warns that changing its nonprofit status would break with its original purpose.
The story is still unfolding, and more details are expected in the coming days.
