nonprofit

Elon Musk’s lawyer: Musk will withdraw the takeover bid for OpenAI if the company takes this sign off

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Elon Musk has offered to withdraw his $97.4 billion bid to acquire OpenAI‘s nonprofit arm if the organisation’s board agrees to preserve its charitable mission and halt its conversion to a for-profit entity. In a recent court filing, Musk’s lawyer stated that the offer is serious and that the nonprofit should be compensated at fair … Read more

Elon Musk-led group’s $97.4 billion bid for control of nonprofit OpenAI raises stakes in AI battle with Sam Altman | Company Business News

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A consortium led by Elon Musk has offered $97.4 billion to buy the nonprofit that controls Sam Altman-led OpenAI, in what has became the billionaire’s latest move to block the start-up’s transition into a for-profit company, according to a Reuters report. Also Read | British MP objects to ‘Bengali’ signboard at London station; Elon Musk … Read more