{"id":1123392,"date":"2026-02-01T16:34:41","date_gmt":"2026-02-01T16:34:41","guid":{"rendered":"http:\/\/rUuHRGTFNiU5LqEZ25sxxA"},"modified":"2026-02-01T16:34:41","modified_gmt":"2026-02-01T16:34:41","slug":"a-musk-led-consortium-of-investors-say-theyll-withdraw-97-4-billion-bid-to-buy-openai-but-only-if-it-stays-non-profit","status":"publish","type":"post","link":"https:\/\/arcader.org\/news\/a-musk-led-consortium-of-investors-say-theyll-withdraw-97-4-billion-bid-to-buy-openai-but-only-if-it-stays-non-profit\/","title":{"rendered":"A ‘Musk-led consortium’ of investors say they’ll withdraw $97.4 billion bid to buy OpenAI\u2014but only if it stays non-profit"},"content":{"rendered":"
\n

Earlier this week, Elon Musk alongside a group of investors put in an unsolicited bid to purchase the non-profit portion of OpenAI<\/a>, OpenAI Inc. Now, according to court documents filed on Wednesday<\/a>, this “Musk-led consortium” says they will withdraw the eye-watering $97.4 billion offer, but only if OpenAI’s board decides against turning this venture into a for-profit organisation (Via TechCrunch<\/a>).<\/p>\n

This latest court filing describes the bid for OpenAI’s governing non-profit publicised on Monday<\/a> as “serious.” This, despite Musk allegedly telling staff at X over email, “Our user growth is stagnant, revenue is unimpressive, and we\u2019re barely breaking even<\/a>.”<\/p>\n

Furthermore, sources told Reuters that OpenAI’s board of directors had apparently not received a formal bid from Musk’s side<\/a> as of Tuesday. Still, the original bid has arguably succeeded in at least one of its goals: to draw public attention to OpenAI’s reported intention to go for-profit through its latest restructure<\/a>, and to get us all talking about it\u2014like this.<\/p>\n

Whether any amount of public attention will keep OpenAI non-profit still remains to be seen though. The company started as a non-profit, before shifting into a ‘capped-profit’ structure back in 2019. The non-profit part of the company Musk et al allegedly want to buy is what steers the ship of the wider, capped-profit company. The aforementioned restructure intends to go more traditionally for-profit in the form of a public benefit corporation.<\/p>\n

OpenAI is presently playing it cool. The original unsolicited bid was dismissed by OpenAI CEO and co-founder Sam Altman, who went as far as to write on X<\/a>, “No thank you but we will buy Twitter for $9.74 billion if you want”.<\/p>\n

Theoretically, the board could still accept a bid despite this rejection from Altman, though a recent comment suggests that’s unlikely; counsel to OpenAI’s board, Andrew Nussbaum, provided a statement to Bloomberg News<\/a> which further clarifies the company’s stance: “The nonprofit is not for sale.”<\/p>\n

For those unaware, Elon Musk co-founded the company that went on to create ChatGPT<\/a> alongside Sam Altman back in 2015. Musk then left in 2018, with the company saying at the time his departure was to avoid a potential conflict of interest<\/a> as Tesla became more interested in AI<\/a>.<\/p>\n

Last year, OpenAI shared redacted emails and DMs suggesting that this split was anything but wholly amicable<\/a>. Not only that, but these messages also indicate that Musk wanted to push OpenAI towards becoming a for-profit organisation as early as 2017.<\/p>\n

Sam Altman recently told Bloomberg Television<\/a>, “I think he is probably just trying to slow us down. He obviously is a competitor. I wish he would just compete by building a better product, but I think there\u2019s been a lot of tactics, many, many lawsuits, all sorts of other crazy stuff, now this.” The Musk-backed competition in question is xAI and their boorish chatbot Grok<\/a>. You know what? I think I’m finally getting it.<\/p>\n

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<\/a><\/p>\n


<\/strong>Best gaming PC<\/strong><\/a>: The top pre-built machines.
Best gaming laptop<\/strong><\/a>: Great devices for mobile gaming.<\/p>\n<\/div>\n<\/article>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier this week, Elon Musk alongside a group of investors put in an unsolicited bid to purchase the non-profit portion of OpenAI, OpenAI Inc. Now, according to court documents filed on Wednesday, this “Musk-led consortium” says they will withdraw the eye-watering $97.4 billion offer, but only if OpenAI’s board decides against turning this venture into a for-profit organisation (Via TechCrunch). This latest court filing describes the bid for OpenAI’s governing non-profit publicised on Monday as “serious.” This, despite Musk allegedly telling staff at X over email, “Our user growth is stagnant, revenue is unimpressive, and we\u2019re barely breaking even.” Furthermore, sources told Reuters that OpenAI’s board of directors had apparently not received a formal bid from Musk’s side as of Tuesday. Still, the original bid…<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":1,"featured_media":1123393,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[66],"class_list":["post-1123392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pc-gamer","tag-hardware"],"yoast_head":"\nA 'Musk-led consortium' of investors say they'll withdraw $97.4 billion bid to buy OpenAI\u2014but only if it stays non-profit | Arcader News<\/title>\n<meta name=\"description\" content=\"Earlier this week, Elon Musk alongside a group of investors put in an unsolicited bid to purchase the non-profit portion of OpenAI, OpenAI Inc. 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