Elon Musk Threatens to Pull $97.4 Billion Bid for OpenAI Over Nonprofit Status
2025-02-13
The Independent
Elon Musk has announced that he will withdraw his $97.4 billion bid to acquire OpenAI, the company behind ChatGPT, if it remains a nonprofit organisation. The tech mogul's offer is contingent on OpenAI's plans to transition into a for-profit company. With the future of artificial intelligence hanging in the balance, Musk's decision has significant implications for the industry. As AI technology continues to evolve, companies like OpenAI are at the forefront of innovation, with popular tools like language models and machine learning driving growth. The potential acquisition highlights the ongoing debate around nonprofit vs for-profit status in the tech sector.