Musk will pull OpenAI bid if ChatGPT maker remains non-profit, lawyers say


FILE PHOTO: Elon Musk profile picture and ChatGPT logo are seen in this illustration taken, June 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -A consortium led by Elon Musk will withdraw its $97.4-billion bid for OpenAI's non-profit arm if the ChatGPT maker drops plans to become a for-profit entity, the billionaire's lawyers said in a court filing on Wednesday.

Musk has been trying to block the startup he co-founded and later left from becoming a for-profit firm, a move OpenAI argues is crucial for it to secure more capital and compete in the AI race.

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