Published February 13,2025
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Billionaire Elon Musk signaled his willingness to withdraw his $97.4 billion bid for OpenAI’s controlling nonprofit entity if its board ceases its transition to a for-profit mannequin, in response to a report.
The Wall Street Journal, citing Musk’s authorized staff, reported that in a court docket submitting the billionaire would drop his takeover try if OpenAI’s board is “prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion.”
The bid, launched Monday by Musk and a consortium, was swiftly rejected by OpenAI Chief Executive Sam Altman. “No thank you but we will buy Twitter for $9.74 billion if you want,” Altman wrote on X, referring to the social media platform owned by Musk.
Musk and Altman, who co-founded OpenAI in 2015 as a nonprofit, are engaged in authorized battles in regards to the group’s route. Musk has criticized OpenAI’s commercialization, arguing it deviates from its unique open-source and safety-focused objective.
“It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk stated in an announcement through his lawyer. “We will make sure that happens.”
OpenAI has not commented.
Source: www.anews.com.tr