Elon Musk's potential $97.4 billion bid for OpenAI is contingent upon the company reversing its shift towards for-profit status. In legal filings, Musk's lawyers stated that he is willing to withdraw his bid provided that OpenAI's Board commits to maintaining the charity's mission and ceases its plans to sell off assets. If the company refuses, Musk suggests they must seek fair compensation from third-party buyers for their assets. This situation is ongoing and may evolve further.
"If OpenAI, Inc.'s Board is prepared to preserve the charity's mission and stipulate to take the 'for sale' sign off its assets by halting its conversion, Musk will withdraw the bid."
"Otherwise, the charity must be compensated by what an arms-length buyer will pay for its assets."
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