Elon Musk says he is prepared to drop his attempt to buy OpenAI if the ChatGPT maker maintains its unusual current structure in which the world’s leading and most valuable AI company is operated by a nonprofit. The battle for OpenAI, which has become ...

OpenAI's board of directors has rejected Elon Musk's $97.4 billion bid to buy the company, calling Musk's bid an "attempt to disrupt his competition."

Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.”

"Special voting rights could keep power in the hands of its nonprofit arm in future and so address the Tesla chief's criticisms that Altman and OpenAI have moved away from their original mission of creating powerful AI for the benefit of humanity," the FT wrote.