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, […]

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source https://techcrunch.com/2025/02/11/how-musks-97-4b-bid-could-gum-up-openais-for-profit-conversion/

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