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SMRTR AI• Feb 13, 2025• PYMNTS

Musk Pledges to Withdraw OpenAI Bid if Company Remains Nonprofit

SMRTR summary

Elon Musk offered to withdraw his $97.4 billion bid for OpenAI if the board stops its for-profit conversion. OpenAI CEO Sam Altman rejected this, implying Musk aims to hinder the company. The conflict complicates Altman's plans, including a $500 billion AI project. A judge ruled Musk's lawsuit against OpenAI will go to trial. OpenAI maintains that becoming for-profit will help secure crucial AI development investments.

SMRTR provides this summary for quick context. The original article belongs to PYMNTS.

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