How Musk’s $97.4B bid could gum up OpenAI’s for-profit conversion

On Monday, Elon Musk, the world’s richest man, offered to buy the nonprofit that effectively governs OpenAI for $97.4 billion. The unsolicited buyout would be financed by Musk’s AI company, xAI, and a consortium of outside investors, per a letter sent to California and Delaware’s attorneys general. OpenAI CEO Sam Altman quickly dismissed Musk’s bid, […] © 2024 TechCrunch. All rights reserved. For personal use only.