Elon Musk’s $97.4 billion bid to acquire OpenAI’s nonprofit assets contradicts his own legal challenge against the AI company, OpenAI stated in a letter to a federal court on Wednesday.
Musk, who co-founded OpenAI in 2015 but left before ChatGPT’s rise, sued CEO Sam Altman and others in August, arguing OpenAI should remain nonprofit and not be used for private gain. However, OpenAI claims his acquisition attempt does exactly that—transferring its assets to him and his investors.
OpenAI called Musk’s bid an “improper attempt to undermine a competitor.” His legal filings insist OpenAI’s assets belong within a charitable trust, yet his offer would shift them to private ownership. Representatives for Musk did not respond to requests for comment.
Since departing OpenAI, Musk launched his own AI startup, xAI, in 2023. Meanwhile, OpenAI aims to transition into a for-profit entity to attract funding for AI advancements.
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