A union led by Elon Musk will withdraw its $ 97.4 billion (about Rs 8,47,272 crore), bid for OpenaiI’s non-profit hand. Wednesday said in a court in a court.
Musk is trying to block the startup, which he co-established and later left from becoming a beneficial firm, an important step to secure more capital for Openai and to be ahead in the AI ​​race.
The filing said, “If (if)) is ready to preserve the mission of the Open Board Charity and determine the ‘For Sale’ by stopping its conversion to sign its assets, then the Musk will withdraw the dialect,” The filing said.
If not, “Charity should be compensated as to what a weapon-lumbered buyer will pay for his property.” Musk’s “serious offering” was to pursue the mission of charity, the couple.
Musk also owns a competitor AI Startup, XAI, launched in 2023.
Tesla and social media platform X CEO Openi and Musk did not respond to the remarks requests.
Openai’s board has not yet received a formal bid from a group of Musk, a source familiar with the case on Tuesday, which adds confusion to unwanted attempts.
OpenaiI CEO Sam Altman said earlier this week that the non-profit that controls the company was not for sale, calling the dialect “ridiculous”.
Musk co-established Openai with Altman as a non-profit in 2015, but left in 2018 before flying due to the company’s own direction and differences over financing sources. Altman then became the CEO of Openai and launched a beneficial unit within the startup to secure money from investors such as Microsoft.
Altman is now working on a plan to restructured the main business in a profit-profit firm that will no longer be controlled by its non-profit board. Non-profit, however, will be present and will be the owner of a stake in the profit company. Musk has filed a case to prevent this infection.
Many analysts have said that regardless of the result, the bid will complicate the efforts of the openi to convert into a profit-profit company as it can determine a high floor value for non-profit that controls startups .
Questions have been raised whether OpenIE would appropriately allocate its assets non-profit hand as the Reuters first reported their plans for changes in structure in September.
The SoftBank Group is negotiating an evaluation of $ 300 billion to lead a funding round of $ 40 billion (about Rs 3,47,940 crore) at OpenAII, including roots, including new funds reported in January. A stake in the company with significant value.
© Thomson Reuters 2025
