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Elon Musk has stated that he will withdraw his $97.4 billion bid for OpenAI’s nonprofit arm if Sam Altman halts his plans to convert it into a for-profit entity, according to a recent court filing.that Elon Musk, along with his artificial intelligence company xAI and a consortium of investors, has offered to withdraw hisfor OpenAI’s nonprofit arm. The offer, however, comes with a condition: OpenAI must stop its conversion into a for-profit entity and maintain its nonprofit status.
Speaking at the World Governments Summit in Dubai via video link on Thursday, Musk reiterated his concerns about OpenAI’s shift away from its nonprofit roots. He drew an analogy, saying, “I think this is analogous to, like … if you find a nonprofit to preserve the Amazon rainforest, but then … instead they turn into a lumber company and chop down the trees and sell them for wood.” Musk suggested that OpenAI should now change its name to “maximum profit AI” or “closed for voracious profit.
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