Elon Musk has said he’ll drop his $97.4 billion bid for OpenAI if the company halts its transition into a for-profit entity, according to court filings.
“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,” lawyers for Musk wrote in a Wednesday filing in a California federal court.
“Otherwise, the charity must be compensated by what an arms-length buyer will pay for its assets.”
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