Elon Musk’s attorneys claimed in a court filing on Wednesday that if the ChatGPT manufacturer abandons its aspirations to become a for-profit company, a consortium led by Musk will withdraw its $97.4 billion bid for OpenAI’s non-profit component.
In order to get additional funding and maintain its lead in the AI race, Musk has been attempting to prevent the startup he co-founded and later departed from turning into a for-profit company.
“Musk will withdraw the bid if (the) OpenAI board is willing to uphold the charity’s mission and specify that the ‘for sale’ sign be removed from its assets by stopping its conversion,” the filing stated.
Otherwise, “what an arms-length buyer will pay for its assets must be used to compensate the charity.
