Meta, AI entrepreneurs, academics, and other charities and activists are criticizing the startup's plan to shed its ties to its nonprofit parent.

In a court filing, Mr. Musk said he and other investors would pull their $97.4 billion bid if OpenAI withdrew its plan to change its structure.

The rivalry between Elon Musk and OpenAI has reached a new high after the company’s board unanimously rejected Musk’s bid, labeling it as an attempt to disrupt competition. OpenAI chairman Bret Taylor reinforced the organization’s stance,